Raymond James & Associates Has $11.54 Million Position in Robert Half Inc. (NYSE:RHI)

Raymond James & Associates boosted its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 18.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 131,249 shares of the business services provider's stock after buying an additional 20,359 shares during the period. Raymond James & Associates owned 0.12% of Robert Half worth $11,539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Resurgent Financial Advisors LLC acquired a new position in shares of Robert Half in the 4th quarter valued at $27,000. Salem Investment Counselors Inc. acquired a new position in shares of Robert Half in the 2nd quarter valued at $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of Robert Half in the 4th quarter valued at $28,000. Larson Financial Group LLC acquired a new position in shares of Robert Half in the 3rd quarter valued at $39,000. Finally, CoreFirst Bank & Trust lifted its stake in shares of Robert Half by 440.0% in the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider's stock valued at $40,000 after purchasing an additional 440 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Insiders Place Their Bets

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the company's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares in the company, valued at approximately $14,970,548.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. BMO Capital Markets cut their price objective on Robert Half from $85.00 to $80.00 and set a "market perform" rating on the stock in a report on Wednesday, January 31st. Truist Financial boosted their price objective on Robert Half from $66.00 to $72.00 and gave the company a "sell" rating in a report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $68.57.

Robert Half Stock Down 0.2 %

NYSE RHI traded down $0.13 during trading hours on Friday, hitting $75.28. 823,588 shares of the company were exchanged, compared to its average volume of 1,033,663. The company has a 50 day moving average of $79.69 and a two-hundred day moving average of $79.60. Robert Half Inc. has a 52-week low of $64.65 and a 52-week high of $88.39. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 18.93 and a beta of 1.26.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the business earned $1.37 EPS. Robert Half's revenue was down 14.7% on a year-over-year basis. On average, equities research analysts predict that Robert Half Inc. will post 3.34 EPS for the current year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.53 per share. This is an increase from Robert Half's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.12 annualized dividend and a yield of 2.82%. Robert Half's dividend payout ratio is 54.78%.

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.