Prudential Financial Inc. Sells 3,065 Shares of Robert Half Inc. (NYSE:RHI)

Prudential Financial Inc. reduced its position in shares of Robert Half Inc. (NYSE:RHI) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 100,607 shares of the business services provider’s stock after selling 3,065 shares during the quarter. Prudential Financial Inc.’s holdings in Robert Half were worth $7,387,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in RHI. LPL Financial LLC raised its stake in shares of Robert Half by 12.8% during the fourth quarter. LPL Financial LLC now owns 35,554 shares of the business services provider’s stock worth $2,505,000 after buying an additional 4,021 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Robert Half during the 4th quarter valued at $1,754,000. American Century Companies Inc. lifted its stake in shares of Robert Half by 6.4% in the 4th quarter. American Century Companies Inc. now owns 197,696 shares of the business services provider’s stock valued at $13,930,000 after purchasing an additional 11,854 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Robert Half by 124.0% in the 4th quarter. TD Private Client Wealth LLC now owns 5,832 shares of the business services provider’s stock worth $411,000 after purchasing an additional 3,228 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Robert Half by 41.1% during the fourth quarter. Teacher Retirement System of Texas now owns 27,668 shares of the business services provider’s stock worth $1,949,000 after purchasing an additional 8,056 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RHI. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and increased their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, March 21st. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.92.

Robert Half Stock Performance

NYSE RHI opened at $53.86 on Friday. Robert Half Inc. has a 52-week low of $51.55 and a 52-week high of $79.27. The business has a 50 day simple moving average of $59.55 and a 200 day simple moving average of $66.41. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 22.07 and a beta of 1.22.

Robert Half (NYSE:RHI) last issued 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%. On average, analysts predict 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. Stockholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Tuesday, February 25th. Robert Half’s dividend payout ratio 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.