Robert Half Inc. (NYSE:RHI) Shares Sold by Shayne & Jacobs LLC

Shayne & Jacobs LLC lessened its holdings in shares of Robert Half Inc. (NYSE:RHI) by 4.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,763 shares of the business services provider’s stock after selling 2,040 shares during the quarter. Robert Half accounts for about 0.8% of Shayne & Jacobs LLC’s investment portfolio, making the stock its 20th largest holding. Shayne & Jacobs LLC’s holdings in Robert Half were worth $2,872,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Creative Planning grew its stake in shares of Robert Half by 2.9% in the third quarter. Creative Planning now owns 17,980 shares of the business services provider’s stock valued at $1,212,000 after buying an additional 506 shares in the last quarter. Blue Trust Inc. grew its position in Robert Half by 225.2% in the third quarter. Blue Trust Inc. now owns 1,265 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 876 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Robert Half during the third quarter valued at approximately $298,000. International Assets Investment Management LLC lifted its position in shares of Robert Half by 6,641.7% during the third quarter. International Assets Investment Management LLC now owns 809 shares of the business services provider’s stock worth $55,000 after purchasing an additional 797 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC purchased a new position in shares of Robert Half in the third quarter valued at $189,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Trading Down 1.3 %

NYSE:RHI opened at $59.70 on Wednesday. The business’s fifty day moving average price is $66.45 and its 200 day moving average price is $67.59. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 24.47 and a beta of 1.23. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $83.25.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 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%. Equities analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 3.95%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is 96.72%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a report on Monday, February 10th. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and increased their price target for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.92.

Robert Half Profile

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.