Oregon Public Employees Retirement Fund Trims Holdings in Robert Half Inc. (NYSE:RHI)

Oregon Public Employees Retirement Fund trimmed its position in Robert Half Inc. (NYSE:RHI) by 0.8% in the 4th quarter, HoldingsChannel reports. The fund owned 23,901 shares of the business services provider’s stock after selling 200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Robert Half were worth $1,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. increased its holdings in Robert Half by 28.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after acquiring an additional 1,049,005 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Robert Half by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock valued at $221,442,000 after buying an additional 159,750 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Robert Half by 20.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock valued at $90,534,000 after buying an additional 225,210 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Robert Half by 8.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider’s stock valued at $81,773,000 after buying an additional 94,125 shares in the last quarter. Finally, Pzena Investment Management LLC grew its holdings in Robert Half by 41.9% during the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock valued at $69,276,000 after buying an additional 303,421 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RHI has been the subject of a number of research analyst reports. StockNews.com raised shares of Robert Half from a “hold” rating to a “buy” rating in a report on Thursday. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and increased their price objective for the company from $62.00 to $90.00 in a report on Friday, December 13th. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a report on Monday, February 10th. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.92.

Robert Half Stock Performance

NYSE RHI opened at $58.99 on Friday. The company has a market capitalization of $6.03 billion, a P/E ratio of 24.18 and a beta of 1.23. Robert Half Inc. has a one year low of $57.05 and a one year high of $83.25. The stock has a 50 day moving average price of $65.97 and a 200-day moving average price of $67.47.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. As a group, equities analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be given a $0.59 dividend. The ex-dividend date is Tuesday, February 25th. 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 4.00%. Robert Half’s dividend payout ratio (DPR) is currently 96.72%.

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.