Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stake in Robert Half Inc. (NYSE:RHI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in Robert Half Inc. (NYSE:RHI) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,667 shares of the business services provider’s stock after selling 199 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Robert Half were worth $1,527,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Partners increased its holdings in shares of Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock valued at $602,867,000 after purchasing an additional 1,271,237 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Robert Half in the third quarter valued at about $41,096,000. Janus Henderson Group PLC lifted its position in shares of Robert Half by 828.9% during the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock valued at $31,249,000 after acquiring an additional 413,664 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Robert Half by 20.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock worth $90,534,000 after acquiring an additional 225,210 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Robert Half in the 4th quarter valued at approximately $15,491,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Price Performance

Robert Half stock opened at $53.45 on Wednesday. The firm’s fifty day moving average price is $60.84 and its 200 day moving average price is $66.65. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 21.91 and a beta of 1.22. Robert Half Inc. has a 12-month low of $51.55 and a 12-month high of $79.77.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Analysts forecast 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 was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were given a dividend of $0.59 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.42%. The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio is currently 96.72%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $60.00 to $80.00 in a report on Friday, January 3rd. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research note on Monday, February 10th. 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 note on Thursday, January 30th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Finally, Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.