Commonwealth Equity Services LLC Cuts Stock Holdings in Robert Half Inc. (NYSE:RHI)

Commonwealth Equity Services LLC lowered its stake in Robert Half Inc. (NYSE:RHI) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,977 shares of the business services provider’s stock after selling 1,346 shares during the period. Commonwealth Equity Services LLC’s holdings in Robert Half were worth $844,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Eastern Bank purchased a new position in Robert Half in the 4th quarter worth approximately $35,000. V Square Quantitative Management LLC boosted its position in Robert Half by 70.6% during the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock valued at $48,000 after buying an additional 281 shares during the period. Friedenthal Financial bought a new stake in Robert Half in the 4th quarter worth $56,000. Smartleaf Asset Management LLC raised its stake in shares of Robert Half by 48.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 258 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Robert Half by 62.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 794 shares of the business services provider’s stock worth $56,000 after purchasing an additional 304 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a research note on Monday, February 10th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Truist Financial raised shares of 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 research note on Friday, December 13th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. 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. Four 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.com, the stock has an average rating of “Hold” and a consensus price target of $74.92.

Robert Half Trading Down 1.1 %

RHI stock opened at $53.96 on Wednesday. The stock’s 50 day simple moving average is $59.23 and its 200 day simple moving average is $66.38. Robert Half Inc. has a 12-month low of $51.55 and a 12-month high of $78.41. The stock has a market capitalization of $5.51 billion, a PE ratio of 22.12 and a beta of 1.22.

Robert Half (NYSE:RHI) last announced 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 net margin of 4.34% and a return on equity of 17.20%. On average, research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

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.