Isthmus Partners LLC Has $576,000 Stock Position in Robert Half Inc. (NYSE:RHI)

Isthmus Partners LLC lifted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,176 shares of the business services provider’s stock after purchasing an additional 264 shares during the period. Isthmus Partners LLC’s holdings in Robert Half were worth $576,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of RHI. Mawer Investment Management Ltd. lifted its holdings in Robert Half by 28.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after buying an additional 1,049,005 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Robert Half by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider’s stock worth $241,930,000 after acquiring an additional 148,577 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Robert Half by 20.1% in the third 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 during the period. Bank of New York Mellon Corp lifted its stake in shares of Robert Half by 8.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider’s stock worth $81,773,000 after acquiring an additional 94,125 shares during the period. Finally, Pzena Investment Management LLC boosted its holdings in Robert Half by 41.9% in the third quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock valued at $69,276,000 after acquiring an additional 303,421 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Down 0.8 %

Shares of NYSE:RHI opened at $54.74 on Monday. Robert Half Inc. has a twelve month low of $53.53 and a twelve month high of $81.86. The stock’s 50 day moving average is $64.13 and its 200-day moving average is $67.32. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 22.44 and a beta of 1.22.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 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%. Equities research analysts anticipate 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 will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 4.31%. Robert Half’s payout ratio is 96.72%.

Wall Street Analysts Forecast Growth

RHI has been the topic of a number of recent analyst reports. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. StockNews.com upgraded shares of Robert Half from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. 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. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, 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 research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.