Bank Julius Baer & Co. Ltd Zurich Purchases 6,802 Shares of Robert Half Inc. (NYSE:RHI)

Bank Julius Baer & Co. Ltd Zurich boosted its position in Robert Half Inc. (NYSE:RHI) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,038 shares of the business services provider’s stock after acquiring an additional 6,802 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.08% of Robert Half worth $6,690,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA lifted its position in shares of 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 during the period. Eastern Bank purchased a new stake in shares of Robert Half in the 4th quarter worth about $35,000. V Square Quantitative Management LLC lifted its position in shares of Robert Half by 70.6% in the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock worth $48,000 after purchasing an additional 281 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Robert Half by 310.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock worth $54,000 after purchasing an additional 602 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Robert Half in the 3rd quarter worth about $56,000. Institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RHI shares. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and raised their target price for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. BNP Paribas raised shares of 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. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. StockNews.com raised shares of Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. lowered 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $74.92.

Robert Half Stock Performance

Shares of Robert Half stock opened at $54.74 on Monday. The stock has a market capitalization of $5.59 billion, a PE ratio of 22.44 and a beta of 1.22. Robert Half Inc. has a 52-week low of $53.53 and a 52-week high of $81.86. The company has a 50-day simple moving average of $64.13 and a two-hundred day simple moving average of $67.32.

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, equities 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 announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued 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 4.31%. Robert Half’s payout ratio is 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.