Amalgamated Bank Sells 311 Shares of Robert Half Inc. (NYSE:RHI)

Amalgamated Bank decreased its stake in shares of Robert Half Inc. (NYSE:RHI) by 1.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,635 shares of the business services provider’s stock after selling 311 shares during the period. Amalgamated Bank’s holdings in Robert Half were worth $2,229,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mawer Investment Management Ltd. boosted its position in shares of Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after acquiring an additional 1,049,005 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Robert Half by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock worth $221,442,000 after purchasing an additional 159,750 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Robert Half by 20.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock valued at $90,534,000 after purchasing an additional 225,210 shares during the period. Bank of New York Mellon Corp boosted its holdings in Robert Half by 8.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider’s stock valued at $81,773,000 after purchasing an additional 94,125 shares during the period. Finally, Pzena Investment Management LLC grew its position in shares of Robert Half by 41.9% during the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock worth $69,276,000 after purchasing an additional 303,421 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Price Performance

RHI stock opened at $58.99 on Monday. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 24.18 and a beta of 1.23. The company has a 50 day simple moving average of $65.72 and a 200 day simple moving average of $67.52. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $83.25.

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

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 4.00%. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Analyst Ratings Changes

Several brokerages recently issued reports on RHI. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and boosted their price target for the company 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 upped their target price for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. BNP Paribas upgraded 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. StockNews.com raised Robert Half from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.92.

Robert Half 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.