Rodgers Brothers Inc. Sells 1,250 Shares of Robert Half Inc. (NYSE:RHI)

Rodgers Brothers Inc. lessened its holdings in shares of Robert Half Inc. (NYSE:RHI) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,750 shares of the business services provider’s stock after selling 1,250 shares during the quarter. Rodgers Brothers Inc.’s holdings in Robert Half were worth $2,942,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 313 shares during the period. Private Trust Co. NA boosted its stake in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Signaturefd LLC increased its position in shares of Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after buying an additional 239 shares during the period. Eastern Bank bought a new position in Robert Half in the fourth quarter worth about $35,000. Finally, V Square Quantitative Management LLC lifted its holdings in Robert Half by 70.6% in the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock worth $48,000 after buying an additional 281 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

RHI opened at $53.86 on Monday. The firm has a market cap of $5.50 billion, a PE ratio of 22.07 and a beta of 1.22. The stock has a 50-day moving average price of $59.55 and a 200-day moving average price of $66.41. Robert Half Inc. has a 1 year low of $51.55 and a 1 year high of $79.27.

Robert Half (NYSE:RHI) last issued its 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 return on equity of 17.20% and a net margin of 4.34%. As a group, sell-side analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were issued a $0.59 dividend. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.38%. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RHI. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. decreased their price objective on 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 upgraded shares of Robert Half from a “hold” rating to a “buy” rating and boosted their target price for the company from $62.00 to $90.00 in a report on Friday, December 13th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Robert Half has an average rating of “Hold” and an average price target of $74.92.

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.