Cullen Frost Bankers Inc. Has $51,000 Stake in Robert Half Inc. (NYSE:RHI)

Cullen Frost Bankers Inc. trimmed its holdings in Robert Half Inc. (NYSE:RHI) by 30.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 723 shares of the business services provider’s stock after selling 317 shares during the period. Cullen Frost Bankers Inc.’s holdings in Robert Half were worth $51,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RHI. Mawer Investment Management Ltd. lifted its position in shares of Robert Half by 28.9% in the third 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. Point72 Asset Management L.P. acquired a new stake in shares of Robert Half in the third quarter valued at approximately $41,096,000. Janus Henderson Group PLC lifted its position in shares of Robert Half by 828.9% in the third quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock valued at $31,249,000 after buying an additional 413,664 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Robert Half by 41.9% in the third quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock valued at $69,276,000 after buying an additional 303,421 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Robert Half by 20.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock valued at $90,534,000 after buying an additional 225,210 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and lifted their price target for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Finally, StockNews.com raised Robert Half from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $74.92.

Robert Half Stock Performance

Shares of RHI opened at $54.74 on Monday. Robert Half Inc. has a 52-week low of $53.53 and a 52-week high of $81.86. The business’s fifty day moving average is $64.13 and its 200-day moving average is $67.32. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 22.44 and a beta of 1.22.

Robert Half (NYSE:RHI) last issued 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%. As a group, research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The company also recently disclosed 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 is Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 4.31%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is currently 96.72%.

Robert Half Company 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.