Robert Half Inc. (NYSE:RHI) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of Robert Half Inc. (NYSE:RHI) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,246,675 shares of the business services provider’s stock after buying an additional 2,335 shares during the quarter. Thrivent Financial for Lutherans owned about 1.21% of Robert Half worth $87,840,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RHI. Point72 Asset Management L.P. purchased a new stake in shares of Robert Half during the 3rd quarter worth approximately $41,096,000. Janus Henderson Group PLC lifted its position in shares of Robert Half by 828.9% during the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock worth $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% during the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock worth $69,276,000 after buying an additional 303,421 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Robert Half by 20.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock worth $90,534,000 after buying an additional 225,210 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Robert Half during the 4th quarter worth approximately $15,491,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

RHI has been the subject of several recent analyst reports. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a research report on Monday, February 10th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. JPMorgan Chase & Co. reduced their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Finally, Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.92.

Robert Half Stock Performance

Shares of Robert Half stock opened at $54.09 on Wednesday. The company has a market cap of $5.53 billion, a P/E ratio of 22.17 and a beta of 1.22. Robert Half Inc. has a one year low of $51.55 and a one year high of $81.85. The firm has a fifty day moving average of $61.85 and a two-hundred day moving average of $66.87.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. As a group, equities analysts predict 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 was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 4.36%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is presently 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.