Heartland Advisors Inc. Grows Stock Holdings in Robert Half Inc. (NYSE:RHI)

Heartland Advisors Inc. grew its holdings in Robert Half Inc. (NYSE:RHI) by 14.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 204,039 shares of the business services provider’s stock after acquiring an additional 25,647 shares during the period. Heartland Advisors Inc. owned about 0.20% of Robert Half worth $14,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in shares of Robert Half by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock worth $868,000 after acquiring an additional 166 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in Robert Half by 5.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 183 shares during the period. Private Trust Co. NA grew its position in 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 purchasing an additional 192 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Robert Half by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock valued at $2,164,000 after purchasing an additional 205 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Robert Half by 39.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider’s stock valued at $55,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Up 1.9 %

Shares of NYSE RHI opened at $54.97 on Friday. The firm has a 50-day moving average of $59.89 and a two-hundred day moving average of $66.43. Robert Half Inc. has a twelve month low of $51.55 and a twelve month high of $79.77. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 22.53 and a beta of 1.22.

Robert Half (NYSE:RHI) last posted its quarterly earnings results 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%. As a group, 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. Investors of record on Tuesday, February 25th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 4.29%. This is a boost from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is currently 96.72%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RHI shares. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Barclays raised 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 research note on Friday, January 3rd. Finally, Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and upped their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $74.92.

Robert Half Company Profile

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.