Aviva PLC Cuts Stock Position in Robert Half Inc. (NYSE:RHI)

Aviva PLC decreased its holdings in shares of Robert Half Inc. (NYSE:RHI) by 17.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,201 shares of the business services provider’s stock after selling 1,760 shares during the period. Aviva PLC’s holdings in Robert Half were worth $578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its position in shares of Robert Half by 11.1% in the third quarter. HighTower Advisors LLC now owns 36,048 shares of the business services provider’s stock valued at $2,436,000 after purchasing an additional 3,606 shares during the period. National Bank of Canada FI lifted its stake in Robert Half by 1,344.7% in the 3rd quarter. National Bank of Canada FI now owns 37,215 shares of the business services provider’s stock valued at $2,509,000 after buying an additional 34,639 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new stake in Robert Half in the 3rd quarter worth about $263,000. MML Investors Services LLC purchased a new stake in Robert Half during the 3rd quarter worth approximately $225,000. Finally, Barclays PLC raised its holdings in shares of Robert Half by 131.6% during the third quarter. Barclays PLC now owns 344,233 shares of the business services provider’s stock valued at $23,205,000 after acquiring an additional 195,570 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays lowered their price target on Robert Half from $80.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. StockNews.com upgraded shares of Robert Half from a “hold” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Finally, BNP Paribas upgraded 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.92.

Robert Half Trading Down 5.8 %

Shares of RHI stock opened at $48.51 on Friday. Robert Half Inc. has a twelve month low of $44.97 and a twelve month high of $78.41. The company’s 50-day moving average price is $55.51 and its 200-day moving average price is $65.30. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 19.88 and a beta of 1.13.

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

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 4.86%. Robert Half’s dividend payout ratio (DPR) is 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.