Victory Capital Management Inc. Decreases Stake in Robert Half Inc. (NYSE:RHI)

Victory Capital Management Inc. lessened its stake in Robert Half Inc. (NYSE:RHI) by 27.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 443,201 shares of the business services provider’s stock after selling 170,551 shares during the quarter. Victory Capital Management Inc.’s holdings in Robert Half were worth $31,228,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in RHI. Private Trust Co. NA boosted its stake 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 valued at $29,000 after buying an additional 192 shares during the period. Eastern Bank purchased a new stake in Robert Half during the fourth quarter worth approximately $35,000. V Square Quantitative Management LLC lifted its stake in Robert Half by 70.6% during the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock worth $48,000 after purchasing an additional 281 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Robert Half by 310.3% during the third quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock worth $54,000 after purchasing an additional 602 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Robert Half during the third quarter worth approximately $56,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RHI. BNP Paribas upgraded 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 Robert Half from a “hold” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Finally, StockNews.com raised Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.92.

Robert Half Stock Down 0.8 %

RHI opened at $54.74 on Monday. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 22.44 and a beta of 1.22. Robert Half Inc. has a 52 week low of $53.53 and a 52 week high of $81.86. The business’s 50 day moving average is $64.13 and its two-hundred day moving average is $67.32.

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 the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Equities analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.31%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is presently 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.