Robert Half Inc. (NYSE:RHI) Stock Position Increased by River Road Asset Management LLC

River Road Asset Management LLC grew its holdings in shares of Robert Half Inc. (NYSE:RHI) by 51.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 118,368 shares of the business services provider’s stock after acquiring an additional 39,970 shares during the quarter. River Road Asset Management LLC’s holdings in Robert Half were worth $8,340,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RHI. Isthmus Partners LLC raised its position in Robert Half by 3.3% in the fourth quarter. Isthmus Partners LLC now owns 8,176 shares of the business services provider’s stock worth $576,000 after acquiring an additional 264 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Robert Half by 16.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,375 shares of the business services provider’s stock valued at $1,788,000 after buying an additional 3,605 shares during the period. AlphaQuest LLC lifted its position in shares of Robert Half by 19.7% in the fourth quarter. AlphaQuest LLC now owns 4,665 shares of the business services provider’s stock worth $329,000 after purchasing an additional 769 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in Robert Half by 8.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 86,038 shares of the business services provider’s stock worth $6,690,000 after buying an additional 6,802 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in shares of Robert Half by 11.2% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 14,250 shares of the business services provider’s stock worth $1,004,000 after acquiring an additional 1,437 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Performance

NYSE:RHI opened at $54.19 on Wednesday. Robert Half Inc. has a 52-week low of $53.53 and a 52-week high of $81.85. The stock’s 50-day simple moving average is $63.81 and its 200 day simple moving average is $67.30. The company has a market cap of $5.54 billion, a P/E ratio of 22.21 and a beta of 1.22.

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

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is 96.72%.

Wall Street Analysts Forecast Growth

RHI has been the subject of a number of analyst reports. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and raised their price objective for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. lowered their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. 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 note on Monday, February 10th. Finally, StockNews.com raised shares of Robert Half from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.92.

About Robert Half

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.