25,937 Shares in Robert Half Inc. (NYSE:RHI) Acquired by FAS Wealth Partners Inc.

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

Other hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after acquiring an additional 313 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Robert Half during the 4th quarter worth approximately $26,000. Signaturefd LLC boosted its holdings in shares of Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after buying an additional 239 shares during the last quarter. GeoWealth Management LLC acquired a new stake in shares of Robert Half in the 4th quarter valued at approximately $35,000. Finally, Eastern Bank bought a new stake in Robert Half during the fourth quarter worth $35,000. Institutional investors own 92.41% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RHI. StockNews.com cut shares of Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. BNP Paribas Exane lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a report on Friday. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the company a "buy" rating in a research report on Thursday, April 24th. Barclays lowered their price target on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research note on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $48.71.

Robert Half Trading Up 2.2 %

RHI stock traded up $0.99 during mid-day trading on Friday, hitting $45.45. The stock had a trading volume of 1,065,701 shares, compared to its average volume of 1,491,706. The firm has a fifty day simple moving average of $51.03 and a 200 day simple moving average of $62.96. The firm has a market capitalization of $4.64 billion, a P/E ratio of 18.63 and a beta of 1.06. Robert Half Inc. has a 52 week low of $40.00 and a 52 week high of $78.41.

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

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be issued 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 dividend yield of 5.19%. Robert Half's dividend payout ratio (DPR) is presently 118.00%.

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.