Illinois Municipal Retirement Fund Sells 220 Shares of Robert Half Inc. (NYSE:RHI)

Illinois Municipal Retirement Fund reduced its stake in shares of Robert Half Inc. (NYSE:RHI) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,291 shares of the business services provider’s stock after selling 220 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.10% of Robert Half worth $7,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of RHI. Mawer Investment Management Ltd. boosted its position in Robert Half by 28.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after buying an additional 1,049,005 shares during the last quarter. FORA Capital LLC bought a new position in Robert Half in the third quarter valued at about $1,792,000. Van ECK Associates Corp boosted its holdings in Robert Half by 24.1% in the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock valued at $6,051,000 after acquiring an additional 16,668 shares during the last quarter. SG Americas Securities LLC increased its position in Robert Half by 347.9% in the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after purchasing an additional 12,883 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Robert Half by 20.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock worth $18,232,000 after purchasing an additional 46,100 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of NYSE RHI opened at $59.52 on Thursday. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $83.25. The stock has a market cap of $6.08 billion, a P/E ratio of 24.39 and a beta of 1.23. The firm has a 50 day moving average price of $66.22 and a 200 day moving average price of $67.54.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a $0.59 dividend. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Tuesday, February 25th. Robert Half’s dividend payout ratio is 96.72%.

Wall Street Analysts Forecast Growth

RHI has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and raised their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Finally, BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.92.

About Robert Half

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.