Wealthfront Advisers LLC Increases Position in Robert Half Inc. (NYSE:RHI)

Wealthfront Advisers LLC increased its stake in shares of Robert Half Inc. (NYSE:RHI) by 825.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 29,031 shares of the business services provider’s stock after buying an additional 25,893 shares during the quarter. Wealthfront Advisers LLC’s holdings in Robert Half were worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in RHI. Private Trust Co. NA grew its holdings in shares of Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. Eastern Bank purchased a new stake in shares of Robert Half during the fourth quarter valued at $35,000. V Square Quantitative Management LLC grew its holdings in shares of Robert Half by 70.6% during the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock valued at $48,000 after buying an additional 281 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Robert Half by 310.3% during the third quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock valued at $54,000 after buying an additional 602 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Robert Half during the third quarter valued at $56,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Performance

Shares of Robert Half stock opened at $53.06 on Friday. The firm has a 50-day simple moving average of $62.81 and a two-hundred day simple moving average of $67.02. The company has a market cap of $5.42 billion, a P/E ratio of 21.75 and a beta of 1.22. Robert Half Inc. has a fifty-two week low of $51.55 and a fifty-two week high of $81.85.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Equities research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.45%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is 96.72%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RHI shares. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and upped their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a report on Monday, February 10th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.92.

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.