Xponance Inc. Raises Stake in Robert Half Inc. (NYSE:RHI)

Xponance Inc. increased its position in shares of Robert Half Inc. (NYSE:RHI) by 17.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,195 shares of the business services provider’s stock after purchasing an additional 936 shares during the period. Xponance Inc.’s holdings in Robert Half were worth $436,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Cerity Partners LLC raised its holdings in Robert Half by 106.9% during the third quarter. Cerity Partners LLC now owns 53,990 shares of the business services provider’s stock valued at $3,639,000 after acquiring an additional 27,891 shares during the period. Algert Global LLC raised its stake in Robert Half by 166.8% during the 3rd quarter. Algert Global LLC now owns 28,246 shares of the business services provider’s stock valued at $1,904,000 after purchasing an additional 17,660 shares during the period. Private Trust Co. NA lifted its holdings in Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. Brooklyn Investment Group bought a new position in Robert Half in the 3rd quarter worth approximately $56,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Robert Half by 532.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 66,403 shares of the business services provider’s stock worth $4,476,000 after purchasing an additional 55,903 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective on the stock in a research note on Monday, February 10th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.92.

Robert Half Price Performance

NYSE:RHI opened at $53.96 on Thursday. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 22.11 and a beta of 1.22. The business has a 50 day simple moving average of $60.53 and a 200-day simple moving average of $66.60. Robert Half Inc. has a 1 year low of $51.55 and a 1 year high of $79.77.

Robert Half (NYSE:RHI) last posted 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 return on equity of 17.20% and a net margin of 4.34%. As a group, analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal 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 paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 4.37%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is presently 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.