Robert Half Inc. (NYSE:RHI) Shares Purchased by M&T Bank Corp

M&T Bank Corp boosted its position in Robert Half Inc. (NYSE:RHI) by 12.4% in the 4th quarter, Holdings Channel reports. The firm owned 7,216 shares of the business services provider’s stock after acquiring an additional 797 shares during the quarter. M&T Bank Corp’s holdings in Robert Half were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RHI. Private Trust Co. NA increased its stake 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 acquiring an additional 192 shares during the last quarter. Eastern Bank acquired a new stake in shares of Robert Half in the 4th quarter worth $35,000. V Square Quantitative Management LLC increased its stake 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 acquiring an additional 281 shares during the last quarter. Venturi Wealth Management LLC increased its stake 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 acquiring an additional 602 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Robert Half in the 3rd quarter worth $56,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Price Performance

Shares of Robert Half stock opened at $52.03 on Friday. The business has a 50-day moving average of $63.14 and a 200 day moving average of $67.13. Robert Half Inc. has a 12 month low of $51.55 and a 12 month high of $81.85. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 21.32 and a beta of 1.22.

Robert Half (NYSE:RHI) last announced its quarterly earnings data 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 net margin of 4.34% and a return on equity of 17.20%. Equities research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 4.54%. 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. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Analyst Ratings Changes

RHI has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut 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 Robert Half from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a report on Monday, February 10th. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and increased their price target for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.