Townsquare Capital LLC Acquires Shares of 5,779 Robert Half Inc. (NYSE:RHI)

Townsquare Capital LLC acquired a new position in Robert Half Inc. (NYSE:RHI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,779 shares of the business services provider's stock, valued at approximately $407,000.

Several other large investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in shares of Robert Half by 24.1% during the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock valued at $6,051,000 after buying an additional 16,668 shares in the last quarter. SG Americas Securities LLC lifted its stake in Robert Half by 347.9% during the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider's stock worth $1,169,000 after purchasing an additional 12,883 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Robert Half by 48.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock worth $56,000 after purchasing an additional 258 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Robert Half by 20.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider's stock worth $18,232,000 after purchasing an additional 46,100 shares in the last quarter. Finally, Tributary Capital Management LLC raised its holdings in shares of Robert Half by 46.3% during the 4th quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider's stock valued at $956,000 after buying an additional 4,299 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Robert Half Stock Performance

Shares of NYSE RHI traded down $1.01 during trading hours on Friday, hitting $44.00. The company's stock had a trading volume of 876,405 shares, compared to its average volume of 1,484,310. The business has a 50-day simple moving average of $52.89 and a 200-day simple moving average of $63.94. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 17.97 and a beta of 1.13. 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 announced its quarterly earnings results 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 business had revenue of $1.35 billion during 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%. During the same period in the previous year, the business earned $0.61 EPS. On average, equities research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a $0.59 dividend. This is an increase from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date was Tuesday, February 25th. Robert Half's dividend payout ratio is presently 96.72%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Truist Financial set a $55.00 price target on shares of Robert Half and gave the company a "buy" rating in a research report on Thursday. The Goldman Sachs Group reduced their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday. 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 research note on Thursday. BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price target for the company in a research report on Monday, February 10th. Finally, Barclays decreased their price objective on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $57.36.

About Robert Half

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.