Prudential Financial Inc. Has $7.39 Million Stake in Robert Half Inc. (NYSE:RHI)

Prudential Financial Inc. decreased its stake in shares of Robert Half Inc. (NYSE:RHI) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 100,607 shares of the business services provider’s stock after selling 3,065 shares during the quarter. Prudential Financial Inc. owned 0.10% of Robert Half worth $7,387,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Private Trust Co. NA increased its stake in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the period. Signaturefd LLC grew its holdings in shares of Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after purchasing an additional 239 shares in the last quarter. Eastern Bank bought a new stake in shares of Robert Half during the fourth quarter valued at approximately $35,000. V Square Quantitative Management LLC raised its stake 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 valued at $48,000 after purchasing an additional 281 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Robert Half in the third quarter worth $56,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of RHI opened at $53.86 on Friday. The company has a market capitalization of $5.50 billion, a P/E ratio of 22.07 and a beta of 1.22. Robert Half Inc. has a one year low of $51.55 and a one year high of $79.27. The business’s 50 day simple moving average is $59.55 and its 200-day simple moving average is $66.41.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 4.38%. The ex-dividend date was Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Analyst Ratings Changes

Several equities research analysts have issued reports on RHI shares. JPMorgan Chase & Co. lowered their price target 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. BNP Paribas raised shares of 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. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and upped their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $74.92.

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.