Raymond James Financial Inc. Invests $15.49 Million in Robert Half Inc. (NYSE:RHI)

Raymond James Financial Inc. acquired a new stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 219,850 shares of the business services provider's stock, valued at approximately $15,491,000. Raymond James Financial Inc. owned about 0.21% of Robert Half as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after buying an additional 313 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Robert Half during the 4th quarter valued at approximately $26,000. Signaturefd LLC grew its holdings in shares of Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after purchasing an additional 239 shares in the last quarter. Eastern Bank bought a new stake in Robert Half in the fourth quarter worth $35,000. Finally, V Square Quantitative Management LLC raised its stake in Robert Half by 70.6% during 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. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Trading Down 2.3 %

Shares of NYSE RHI traded down $1.03 during midday trading on Friday, hitting $43.98. The company's stock had a trading volume of 4,014,231 shares, compared to its average volume of 1,496,825. The business's 50 day moving average is $52.58 and its two-hundred day moving average is $63.78. Robert Half Inc. has a 12-month low of $40.00 and a 12-month high of $78.41. The firm has a market cap of $4.49 billion, a P/E ratio of 18.02 and a beta of 1.13.

Robert Half (NYSE:RHI - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. During the same quarter last year, the business posted $0.61 earnings per share. On average, analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a $0.59 dividend. This is an increase from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date was Tuesday, February 25th. Robert Half's dividend payout ratio is currently 96.72%.

Analyst Ratings Changes

A number of brokerages have commented on RHI. StockNews.com cut shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Truist Financial set a $55.00 price objective on Robert Half and gave the stock a "buy" rating in a research note on Thursday. The Goldman Sachs Group lowered their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their target price on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday. Finally, 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 report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $57.36.

Robert Half Company 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.