23,664 Shares in Robert Half Inc. (NYSE:RHI) Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. acquired a new stake in Robert Half Inc. (NYSE:RHI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 23,664 shares of the business services provider's stock, valued at approximately $1,668,000.

A number of other large investors have also recently added to or reduced their stakes in RHI. Van ECK Associates Corp grew its stake in shares of Robert Half by 24.1% during the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock worth $6,051,000 after acquiring an additional 16,668 shares in the last quarter. SG Americas Securities LLC lifted its stake in Robert Half by 347.9% in the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider's stock valued at $1,169,000 after acquiring an additional 12,883 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Robert Half by 48.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock valued at $56,000 after purchasing an additional 258 shares during the period. JPMorgan Chase & Co. increased its position in Robert Half by 20.5% during the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider's stock worth $18,232,000 after buying an additional 46,100 shares during the last quarter. Finally, Tributary Capital Management LLC increased its holdings in shares of Robert Half by 46.3% during the 4th quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider's stock worth $956,000 after acquiring an additional 4,299 shares during the last quarter. Institutional investors own 92.41% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on RHI shares. BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a research report on Monday, February 10th. Barclays cut their price objective on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. StockNews.com cut Robert Half from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Truist Financial set a $55.00 price target on Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Robert Half has a consensus rating of "Hold" and an average price target of $53.75.

Robert Half Stock Up 0.5 %

RHI traded up $0.23 during trading on Thursday, reaching $44.53. 1,468,202 shares of the stock traded hands, compared to its average volume of 1,491,948. The stock's 50-day moving average is $51.31 and its 200 day moving average is $63.15. Robert Half Inc. has a 12 month low of $40.00 and a 12 month high of $78.41. The stock has a market capitalization of $4.54 billion, a PE ratio of 18.25 and a beta of 1.13.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. The company's revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.30%. Robert Half's payout ratio is 118.00%.

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.