Robert Half Inc. (NYSE:RHI) Position Increased by Northern Trust Corp

Northern Trust Corp grew its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 18.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,067,255 shares of the business services provider's stock after buying an additional 169,682 shares during the period. Northern Trust Corp owned 1.03% of Robert Half worth $75,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Boston Partners increased its holdings in Robert Half by 17.5% in the fourth 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. boosted its position in 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. Charles Schwab Investment Management Inc. boosted its holdings in Robert Half by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider's stock valued at $241,930,000 after purchasing an additional 148,577 shares during the last quarter. Alliancebernstein L.P. boosted 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 valued at $226,740,000 after purchasing an additional 17,338 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its holdings in Robert Half by 15.4% in 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 purchasing an additional 300,524 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on RHI shares. Truist Financial set a $55.00 price target on shares of Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. BNP Paribas cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a report on Friday, May 2nd. BNP Paribas Exane cut shares of 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. Finally, The Goldman Sachs Group lowered 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $48.71.

Robert Half Stock Down 1.2%

NYSE:RHI traded down $0.56 during trading hours on Friday, reaching $44.77. 729,717 shares of the company's stock were exchanged, compared to its average volume of 1,495,663. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 18.35 and a beta of 1.06. The company has a 50-day moving average of $49.68 and a 200 day moving average of $62.14. Robert Half Inc. has a 1-year low of $40.00 and a 1-year 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 analysts' consensus estimates of $0.36 by ($0.19). The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The firm's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. Research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently declared 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 dividend yield of 5.27%. Robert Half's dividend payout ratio is currently 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.