Mawer Investment Management Ltd. Has $569.29 Million Holdings in Robert Half Inc. (NYSE:RHI)

Mawer Investment Management Ltd. increased its stake in shares of Robert Half Inc. (NYSE:RHI) by 72.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,079,597 shares of the business services provider’s stock after buying an additional 3,398,257 shares during the quarter. Robert Half accounts for about 2.6% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 12th largest position. Mawer Investment Management Ltd. owned 0.08% of Robert Half worth $569,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its holdings in shares of Robert Half by 1.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock worth $868,000 after buying an additional 166 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Robert Half by 5.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 183 shares in the last quarter. Private Trust Co. NA raised its position in Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Robert Half by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock worth $2,164,000 after purchasing an additional 205 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Robert Half by 39.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider’s stock worth $55,000 after purchasing an additional 220 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RHI shares. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and lifted their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Barclays upgraded 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 research report on Friday, January 3rd. Finally, BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research note on Monday, February 10th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $74.92.

Robert Half Stock Performance

RHI opened at $53.86 on Friday. The company has a fifty day moving average price of $59.55 and a two-hundred day moving average price of $66.41. The firm has a market capitalization of $5.50 billion, a PE ratio of 22.07 and a beta of 1.22. Robert Half Inc. has a 52 week low of $51.55 and a 52 week high of $79.27.

Robert Half (NYSE:RHI) last announced its quarterly earnings data 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 return on equity of 17.20% and a net margin of 4.34%. Equities 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. Stockholders of record on Tuesday, February 25th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.38%. Robert Half’s dividend payout ratio is 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.