Alps Advisors Inc. Raises Stake in Robert Half Inc. (NYSE:RHI)

Alps Advisors Inc. boosted its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 293,921 shares of the business services provider's stock after buying an additional 21,152 shares during the quarter. Alps Advisors Inc. owned approximately 0.29% of Robert Half worth $16,033,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RHI. Boston Partners lifted its holdings in shares of Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock valued at $602,867,000 after purchasing an additional 1,271,237 shares during the last quarter. Mawer Investment Management Ltd. raised its position in Robert Half by 72.6% in the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock valued at $569,288,000 after purchasing an additional 3,398,257 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Robert Half by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock worth $226,740,000 after purchasing an additional 17,338 shares during the period. Fiduciary Management Inc. WI increased its stake in Robert Half by 15.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider's stock valued at $158,644,000 after purchasing an additional 300,524 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Robert Half by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 2,109,561 shares of the business services provider's stock worth $148,677,000 after buying an additional 53,294 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on RHI. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. BNP Paribas Exane lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. BNP Paribas downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a report on Friday, May 2nd. Truist Financial set a $55.00 price target on shares of Robert Half and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, Barclays cut their price target on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $48.71.

Robert Half Trading Down 2.1%

Shares of NYSE:RHI traded down $0.92 during midday trading on Friday, hitting $42.01. 1,024,922 shares of the stock were exchanged, compared to its average volume of 1,404,208. The company has a 50 day moving average price of $44.02 and a 200-day moving average price of $53.23. Robert Half Inc. has a twelve month low of $39.61 and a twelve month high of $78.41. The stock has a market cap of $4.29 billion, a P/E ratio of 21.00 and a beta of 1.00.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results 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 3.62% and a return on equity of 14.54%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The firm's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were issued a $0.59 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.62%. Robert Half's dividend payout ratio (DPR) 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.