Robert Half Inc. (NYSE:RHI) Position Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in Robert Half Inc. (NYSE:RHI) by 41.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,668 shares of the business services provider’s stock after purchasing an additional 8,056 shares during the period. Teacher Retirement System of Texas’ holdings in Robert Half were worth $1,949,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RHI. Exchange Traded Concepts LLC grew its stake in Robert Half by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock worth $868,000 after purchasing an additional 166 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings 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 worth $236,000 after buying an additional 183 shares during the last quarter. Private Trust Co. NA grew its position 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 in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock valued at $2,164,000 after acquiring an additional 205 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of Robert Half by 3.7% during the 3rd quarter. M&T Bank Corp now owns 6,419 shares of the business services provider’s stock valued at $432,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BNP Paribas raised shares of 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. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and upped their target price for the company from $62.00 to $90.00 in a report on Friday, December 13th. Finally, StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Robert Half presently has an average rating of “Hold” and a consensus price target of $74.92.

Robert Half Trading Up 1.9 %

Shares of NYSE:RHI opened at $54.97 on Friday. The firm’s 50 day moving average is $59.89 and its two-hundred day moving average is $66.43. The firm has a market capitalization of $5.62 billion, a P/E ratio of 22.53 and a beta of 1.22. Robert Half Inc. has a 52 week low of $51.55 and a 52 week high of $79.77.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 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%. Analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a dividend of $0.59 per share. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Tuesday, February 25th. Robert Half’s payout ratio is currently 96.72%.

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.