Alpine Global Management LLC Buys Shares of 11,130 Robert Half Inc. (NYSE:RHI)

Alpine Global Management LLC bought a new position in shares of Robert Half Inc. (NYSE:RHI) in the 4th quarter, Holdings Channel reports. The fund bought 11,130 shares of the business services provider’s stock, valued at approximately $784,000.

A number of other large investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after purchasing an additional 313 shares in the last quarter. Headlands Technologies LLC acquired a new position in Robert Half in the 4th quarter valued at approximately $26,000. Signaturefd LLC lifted its holdings in shares of Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after purchasing an additional 239 shares during the period. GeoWealth Management LLC bought a new stake in shares of Robert Half in the fourth quarter worth $35,000. Finally, Eastern Bank bought a new position in Robert Half during the 4th quarter worth $35,000. Institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Truist Financial lowered their price objective on Robert Half from $90.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a research report on Monday, February 10th. Finally, Barclays lowered their price objective on shares of Robert Half from $80.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $64.92.

Robert Half Price Performance

Shares of NYSE:RHI opened at $45.14 on Tuesday. The business has a fifty day moving average price of $53.71 and a 200-day moving average price of $64.34. The company has a market capitalization of $4.60 billion, a PE ratio of 18.50 and a beta of 1.13. Robert Half Inc. has a 1-year low of $44.31 and a 1-year high of $78.41.

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 declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were issued a $0.59 dividend. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 5.23%. 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.