Y Intercept Hong Kong Ltd Has $681,000 Holdings in Robert Half Inc. (NYSE:RHI)

Y Intercept Hong Kong Ltd lessened its holdings in shares of Robert Half Inc. (NYSE:RHI) by 50.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,663 shares of the business services provider’s stock after selling 9,753 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Robert Half were worth $681,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mawer Investment Management Ltd. lifted its holdings in shares of Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after purchasing an additional 1,049,005 shares during the period. FORA Capital LLC acquired a new position in shares of Robert Half during the third quarter worth $1,792,000. Van ECK Associates Corp lifted its holdings in shares of Robert Half by 24.1% during the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock worth $6,051,000 after purchasing an additional 16,668 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Robert Half by 347.9% during 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 stake in Robert Half by 20.5% during the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock worth $18,232,000 after buying an additional 46,100 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. 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. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and raised their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, StockNews.com upgraded shares of Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.92.

Robert Half Stock Up 0.9 %

NYSE RHI opened at $58.99 on Friday. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 24.18 and a beta of 1.23. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25. The business has a 50 day moving average price of $65.97 and a 200-day moving average price of $67.47.

Robert Half (NYSE:RHI) last released its quarterly earnings data 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%. On average, equities research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. This is an increase from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 4.00%. Robert Half’s payout ratio is currently 96.72%.

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.