Schechter Investment Advisors LLC Acquires 2,038 Shares of Robert Half Inc. (NYSE:RHI)

Schechter Investment Advisors LLC lifted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 54.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,765 shares of the business services provider’s stock after purchasing an additional 2,038 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Robert Half were worth $406,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RHI. International Assets Investment Management LLC increased its holdings in shares of Robert Half by 6,641.7% in the 3rd quarter. International Assets Investment Management LLC now owns 809 shares of the business services provider’s stock worth $55,000 after buying an additional 797 shares during the last quarter. Van ECK Associates Corp grew its position in Robert Half by 40.0% in the third quarter. Van ECK Associates Corp now owns 69,210 shares of the business services provider’s stock worth $4,677,000 after acquiring an additional 19,776 shares in the last quarter. River Road Asset Management LLC increased its stake in Robert Half by 19.9% in the third quarter. River Road Asset Management LLC now owns 78,398 shares of the business services provider’s stock valued at $5,285,000 after acquiring an additional 13,016 shares during the last quarter. Crescent Grove Advisors LLC purchased a new stake in Robert Half during the third quarter valued at about $206,000. Finally, Covestor Ltd lifted its stake in Robert Half by 11.9% during the third quarter. Covestor Ltd now owns 3,965 shares of the business services provider’s stock worth $267,000 after purchasing an additional 421 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Trading Up 1.0 %

Shares of NYSE:RHI opened at $55.51 on Thursday. Robert Half Inc. has a 12-month low of $54.52 and a 12-month high of $81.86. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 22.75 and a beta of 1.23. The stock has a fifty day simple moving average of $65.10 and a two-hundred day simple moving average of $67.49.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The firm 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 $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 4.25%. Robert Half’s dividend payout ratio is 96.72%.

Wall Street Analysts Forecast Growth

RHI has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and increased their target price for the company from $62.00 to $90.00 in a 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 upgraded shares of Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” 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.