2 weeks Ago By ABMN Staff
Raymond James Financial Inc. bought a new stake in shares of Robert Half Inc. ( NYSE:RHI – Free Report ) during the 4th quarter, HoldingsChannel reports.
The firm bought 219,850 shares of the business services provider’s stock, valued at approximately $15,491,000. Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Robert Half by 24.
1% during the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock valued at $6,051,000 after buying an additional 16,668 shares during the period. SG Americas Securities LLC increased its position in Robert Half by 347.
9% in the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after purchasing an additional 12,883 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Robert Half by 48.
1% during the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after buying an additional 258 shares during the last quarter. JPMorgan Chase & Co.
grew its stake in shares of Robert Half by 20.5% in the 3rd quarter. JPMorgan Chase & Co.
now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after buying an additional 46,100 shares in the last quarter. Finally, Tributary Capital Management LLC increased its holdings in Robert Half by 46.3% in the fourth quarter.
Tributary Capital Management LLC now owns 13,575 shares of the business services provider’s stock worth $956,000 after buying an additional 4,299 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Several analysts have commented on RHI shares. Truist Financial decreased their target price on shares of Robert Half from $90.00 to $60.
00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on Robert Half from $69.
00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Barclays lowered their price objective on Robert Half from $80.
00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.
50 price target on the stock in a report on Monday, February 10th. Finally, StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th.
Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Robert Half presently has an average rating of “Hold” and an average price target of $64.
92. Robert Half Stock Performance NYSE RHI opened at $45.14 on Tuesday.
Robert Half Inc. has a twelve month low of $44.31 and a twelve month high of $78.
41. The stock has a market cap of $4.60 billion, a PE ratio of 18.
50 and a beta of 1.13. The firm has a 50-day simple moving average of $53.
71 and a 200 day simple moving average of $64.34. Robert Half ( NYSE:RHI – Get Free Report ) last released its quarterly earnings data 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 net margin of 4.34% and a return on equity of 17.
20%. Research analysts forecast that Robert Half Inc. will post 2.
48 earnings per share for the current fiscal year. Robert Half Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid 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 yield of 5.23%.
The ex-dividend date of this dividend was Tuesday, February 25th. Robert Half’s dividend payout ratio is currently 96.72%.
About Robert Half ( Free Report ) 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.
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