Barclays PLC Has $24.87 Million Stock Holdings in Robert Half Inc. (NYSE:RHI)

Barclays PLC increased its position in shares of Robert Half Inc. (NYSE:RHI) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 352,869 shares of the business services provider’s stock after acquiring an additional 8,636 shares during the quarter. Barclays PLC owned about 0.34% of Robert Half worth $24,865,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Robert Half by 613.7% during the fourth 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 stake in Robert Half during the 4th quarter worth $26,000. Signaturefd LLC lifted its holdings in 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 acquiring an additional 239 shares in the last quarter. Eastern Bank acquired a new position in Robert Half in the fourth quarter valued at about $35,000. Finally, V Square Quantitative Management LLC increased its holdings in shares of Robert Half by 70.6% in the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock worth $48,000 after acquiring an additional 281 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RHI shares. Truist Financial cut their price objective on Robert Half from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. reduced 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. Barclays dropped 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 report on Thursday, April 10th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, 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 report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.92.

Robert Half Trading Down 5.3 %

Robert Half stock opened at $45.40 on Friday. Robert Half Inc. has a 1-year low of $44.97 and a 1-year high of $78.41. The company has a fifty day simple moving average of $54.25 and a 200 day simple moving average of $64.66. The company has a market cap of $4.63 billion, a P/E ratio of 18.61 and a beta of 1.13.

Robert Half (NYSE:RHI) last announced its quarterly earnings data 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%. On average, equities research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.20%. The ex-dividend date was Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend 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.