Robert Half Inc. (NYSE:RHI) Holdings Boosted by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lifted its holdings in Robert Half Inc. (NYSE:RHI) by 72.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,079,597 shares of the business services provider’s stock after buying an additional 3,398,257 shares during the period. Robert Half comprises approximately 2.6% of Mawer Investment Management Ltd.’s portfolio, making the stock its 12th biggest position. Mawer Investment Management Ltd. owned about 7.83% of Robert Half worth $569,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Boston Partners increased its stake in Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock valued at $602,867,000 after buying an additional 1,271,237 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Robert Half by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider’s stock worth $241,930,000 after purchasing an additional 148,577 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Robert Half by 20.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock worth $90,534,000 after buying an additional 225,210 shares during the last quarter. Bank of New York Mellon Corp raised its position in Robert Half by 8.8% during the fourth 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 acquiring an additional 94,125 shares in the last quarter. Finally, Norges Bank acquired a new stake in Robert Half in the fourth quarter valued at approximately $60,257,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on RHI. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and increased their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Robert Half currently has an average rating of “Hold” and a consensus price target of $74.92.

Robert Half Price Performance

NYSE:RHI opened at $53.86 on Friday. The stock has a market cap of $5.50 billion, a P/E ratio of 22.07 and a beta of 1.22. The company has a fifty day moving average price of $59.55 and a 200 day moving average price of $66.41. Robert Half Inc. has a one year low of $51.55 and a one year high of $79.27.

Robert Half (NYSE:RHI) last released its earnings results 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%. As a group, equities research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.38%. Robert Half’s payout ratio is currently 96.72%.

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.