New Age Alpha Advisors LLC Makes New $353,000 Investment in Robert Half Inc. (NYSE:RHI)

New Age Alpha Advisors LLC bought a new stake in Robert Half Inc. (NYSE:RHI) during the 4th quarter, Holdings Channel reports. The fund bought 5,005 shares of the business services provider’s stock, valued at approximately $353,000.

Several other institutional investors also recently modified their holdings of RHI. Boston Partners increased its holdings in Robert Half by 17.5% in the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock valued at $602,867,000 after purchasing an additional 1,271,237 shares during the last quarter. Norges Bank bought a new position in Robert Half during the 4th quarter worth approximately $60,257,000. Point72 Asset Management L.P. acquired a new position in Robert Half during the third quarter valued at approximately $41,096,000. Janus Henderson Group PLC increased its stake in Robert Half by 828.9% in the third quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock valued at $31,249,000 after purchasing an additional 413,664 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in 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 purchasing an additional 225,210 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Down 1.1 %

Shares of RHI opened at $53.96 on Wednesday. Robert Half Inc. has a twelve month low of $51.55 and a twelve month high of $78.41. The stock has a market capitalization of $5.51 billion, a P/E ratio of 22.12 and a beta of 1.22. The company has a 50 day moving average of $59.23 and a 200-day moving average of $66.38.

Robert Half (NYSE:RHI) last released its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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, sell-side analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on RHI. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a report on Friday, March 21st. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research note on Monday, February 10th. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and raised their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Finally, Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.92.

Robert Half 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.