FAS Wealth Partners Inc. Takes $1.83 Million Position in Robert Half Inc. (NYSE:RHI)

FAS Wealth Partners Inc. purchased a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,937 shares of the business services provider's stock, valued at approximately $1,828,000.

Several other large investors have also modified their holdings of RHI. Mawer Investment Management Ltd. grew its position in shares of Robert Half by 72.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock worth $569,288,000 after acquiring an additional 3,398,257 shares during the last quarter. Boston Partners boosted its stake in shares of Robert Half by 17.5% during the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after acquiring an additional 1,271,237 shares in the last quarter. Norges Bank purchased a new position in Robert Half in the 4th quarter worth about $60,257,000. Wellington Management Group LLP boosted its stake in Robert Half by 293.3% in the 4th quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock worth $58,578,000 after purchasing an additional 619,982 shares during the period. Finally, Schroder Investment Management Group grew its holdings in shares of Robert Half by 124.2% during the fourth quarter. Schroder Investment Management Group now owns 724,419 shares of the business services provider's stock valued at $50,956,000 after buying an additional 401,369 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Truist Financial set a $55.00 target price on shares of Robert Half and gave the stock a "buy" rating in a research report on Thursday, April 24th. BNP Paribas Exane lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Friday. The Goldman Sachs Group decreased their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Finally, StockNews.com downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $48.71.

Robert Half Trading Down 1.0 %

Shares of NYSE:RHI traded down $0.43 during midday trading on Tuesday, reaching $43.59. The company had a trading volume of 252,927 shares, compared to its average volume of 1,484,552. The company's 50 day moving average price is $50.72 and its 200 day moving average price is $62.77. Robert Half Inc. has a 52-week low of $40.00 and a 52-week high of $78.41. The stock has a market cap of $4.45 billion, a P/E ratio of 17.86 and a beta of 1.06.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (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 firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. Robert Half's revenue for the quarter was down 8.4% compared to the same quarter last year. Research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.41%. Robert Half's dividend payout ratio is 118.00%.

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.