Oregon Public Employees Retirement Fund Trims Holdings in Robert Half Inc. (NYSE:RHI)

Oregon Public Employees Retirement Fund cut its holdings in Robert Half Inc. (NYSE:RHI) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,901 shares of the business services provider’s stock after selling 200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Robert Half were worth $1,684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mawer Investment Management Ltd. grew its position in shares of Robert Half by 28.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after buying an additional 1,049,005 shares during the period. FORA Capital LLC purchased a new stake in shares of Robert Half in the 3rd quarter worth about $1,792,000. Van ECK Associates Corp grew its position in shares of Robert Half by 24.1% in the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock worth $6,051,000 after buying an additional 16,668 shares during the period. SG Americas Securities LLC grew its position in shares of Robert Half by 347.9% in the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after buying an additional 12,883 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Robert Half by 20.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock worth $18,232,000 after purchasing an additional 46,100 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BNP Paribas upgraded 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 note on Monday, February 10th. StockNews.com upgraded shares of Robert Half from a “hold” rating to a “buy” rating in a research note on Thursday. 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 research note on Thursday, January 30th. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and upped their target price for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, Barclays upgraded shares of 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 note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.92.

Robert Half Stock Performance

RHI opened at $58.99 on Friday. The stock has a market capitalization of $6.03 billion, a P/E ratio of 24.18 and a beta of 1.23. The company’s 50-day simple moving average is $65.97 and its two-hundred day simple moving average is $67.47. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $83.25.

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 net margin of 4.34% and a return on equity of 17.20%. Research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 4.00%. This is a positive change 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.