Robert Half Inc. (NYSE:RHI) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,130 shares of the business services provider's stock after acquiring an additional 7,516 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of Robert Half worth $5,153,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Boston Partners raised its holdings 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 valued at $602,867,000 after buying an additional 1,271,237 shares in the last quarter. Mawer Investment Management Ltd. increased its position in Robert Half by 72.6% during 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 buying an additional 3,398,257 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Robert Half by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider's stock worth $241,930,000 after buying an additional 148,577 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Robert Half by 0.5% in the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock worth $226,740,000 after buying an additional 17,338 shares in the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in Robert Half by 15.4% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider's stock valued at $158,644,000 after buying an additional 300,524 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Price Performance

RHI stock traded down $0.20 during trading on Wednesday, hitting $44.65. 1,228,758 shares of the company traded hands, compared to its average volume of 1,438,606. Robert Half Inc. has a 1 year low of $40.00 and a 1 year high of $78.41. The company has a market cap of $4.56 billion, a PE ratio of 18.30 and a beta of 1.06. The stock's 50-day simple moving average is $47.11 and its 200 day simple moving average is $59.18.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results 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 net margin of 4.34% and a return on equity of 17.20%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter last year, the business earned $0.61 EPS. The company's quarterly revenue was down 8.4% on a year-over-year basis. Research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.29%. The ex-dividend date is Friday, May 23rd. Robert Half's payout ratio is 118.00%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a report on Thursday, April 24th. Truist Financial set a $55.00 target price on Robert Half and gave the stock a "buy" rating in a report on Thursday, April 24th. Barclays decreased 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 note on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen lowered Robert Half from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Robert Half has an average rating of "Hold" and a consensus target price of $48.71.

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.