Legacy Financial Advisors Inc. Boosts Stock Position in Robert Half Inc. (NYSE:RHI)

Legacy Financial Advisors Inc. raised its holdings in Robert Half Inc. (NYSE:RHI) by 3.1% in the fourth quarter, Holdings Channel reports. The firm owned 11,475 shares of the business services provider’s stock after purchasing an additional 344 shares during the period. Legacy Financial Advisors Inc.’s holdings in Robert Half were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Boston Partners boosted its holdings in shares of Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock worth $602,867,000 after buying an additional 1,271,237 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in Robert Half by 72.6% in the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider’s stock valued at $569,288,000 after acquiring an additional 3,398,257 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Robert Half by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider’s stock valued at $241,930,000 after acquiring an additional 148,577 shares during the period. Alliancebernstein L.P. increased its stake in shares of Robert Half by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider’s stock worth $226,740,000 after purchasing an additional 17,338 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Robert Half by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 2,109,561 shares of the business services provider’s stock worth $148,677,000 after purchasing an additional 53,294 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Trading Down 5.8 %

RHI stock opened at $48.51 on Friday. The firm has a 50 day moving average of $55.51 and a 200-day moving average of $65.30. The firm has a market capitalization of $4.96 billion, a P/E ratio of 19.88 and a beta of 1.13. Robert Half Inc. has a 12 month low of $44.97 and a 12 month high of $78.41.

Robert Half (NYSE:RHI) last released its quarterly earnings results 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 net margin of 4.34% and a return on equity of 17.20%. Sell-side analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend was Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is 96.72%.

Wall Street Analysts Forecast Growth

RHI has been the subject of several research reports. Barclays reduced their price objective on Robert Half from $80.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday. StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on 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 upgraded shares of Robert Half from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.92.

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.