Quantinno Capital Management LP Boosts Stock Holdings in Robert Half Inc. (NYSE:RHI)

Quantinno Capital Management LP grew its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 110.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,987 shares of the business services provider's stock after purchasing an additional 66,222 shares during the period. Quantinno Capital Management LP owned about 0.12% of Robert Half worth $8,877,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Focus Partners Wealth boosted its position in Robert Half by 8.7% during the 4th quarter. Focus Partners Wealth now owns 16,383 shares of the business services provider's stock worth $1,154,000 after buying an additional 1,307 shares during the period. Deutsche Bank AG boosted its position in Robert Half by 21.3% during the 4th quarter. Deutsche Bank AG now owns 9,682 shares of the business services provider's stock worth $682,000 after buying an additional 1,700 shares during the period. Deprince Race & Zollo Inc. boosted its position in Robert Half by 29.6% during the 4th quarter. Deprince Race & Zollo Inc. now owns 825,747 shares of the business services provider's stock worth $58,182,000 after buying an additional 188,720 shares during the period. Crestline Management LP acquired a new stake in Robert Half during the 4th quarter worth approximately $1,782,000. Finally, Captrust Financial Advisors boosted its position in Robert Half by 6.0% during the 4th quarter. Captrust Financial Advisors now owns 33,996 shares of the business services provider's stock worth $2,395,000 after buying an additional 1,918 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RHI has been the topic of several recent research reports. Truist Financial set a $55.00 target price on shares of Robert Half and gave the stock a "buy" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. StockNews.com downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Barclays lowered 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. Finally, The Goldman Sachs Group lowered their price target 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Robert Half has a consensus rating of "Hold" and a consensus price target of $48.71.

Robert Half Stock Up 0.4%

Robert Half stock traded up $0.17 during mid-day trading on Monday, hitting $48.16. 988,730 shares of the stock were exchanged, compared to its average volume of 1,497,534. The firm's fifty day simple moving average is $48.97 and its two-hundred day simple moving average is $61.41. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 19.74 and a beta of 1.06. Robert Half Inc. has a 12 month low of $40.00 and a 12 month high of $78.41.

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

Robert Half Dividend Announcement

The firm 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 is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 4.90%. 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.