Robert Half Inc. (NYSE:RHI) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its position in Robert Half Inc. (NYSE:RHI) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,404 shares of the business services provider’s stock after selling 384 shares during the quarter. Farther Finance Advisors LLC’s holdings in Robert Half were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of RHI. Private Trust Co. NA grew its stake in shares of Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after buying an additional 192 shares in the last quarter. Eastern Bank acquired a new position in Robert Half during the 4th quarter worth $35,000. V Square Quantitative Management LLC grew its stake in Robert Half by 70.6% during the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock worth $48,000 after purchasing an additional 281 shares in the last quarter. Brooklyn Investment Group acquired a new position in Robert Half during the 3rd quarter worth $56,000. Finally, Friedenthal Financial acquired a new position in Robert Half during the 4th quarter worth $56,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on RHI shares. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Finally, Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.92.

Robert Half Stock Performance

NYSE:RHI opened at $54.09 on Wednesday. The stock has a market cap of $5.53 billion, a P/E ratio of 22.17 and a beta of 1.22. Robert Half Inc. has a 1 year low of $51.55 and a 1 year high of $81.85. The stock has a 50-day simple moving average of $61.85 and a 200-day simple moving average of $66.87.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were given a $0.59 dividend. The ex-dividend date 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 4.36%. Robert Half’s dividend payout ratio is 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.