Robert Half Inc. (NYSE:RHI) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its holdings in Robert Half Inc. (NYSE:RHI) by 291.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,750 shares of the business services provider’s stock after acquiring an additional 1,303 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Robert Half were worth $123,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Exchange Traded Concepts LLC lifted its stake in shares of Robert Half by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock valued at $868,000 after purchasing an additional 166 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in Robert Half by 5.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock valued at $236,000 after buying an additional 183 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Robert Half by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock worth $2,164,000 after acquiring an additional 205 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Robert Half by 3.7% in the 3rd quarter. M&T Bank Corp now owns 6,419 shares of the business services provider’s stock worth $432,000 after acquiring an additional 227 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Up 1.0 %

NYSE:RHI opened at $55.51 on Thursday. Robert Half Inc. has a 12-month low of $54.52 and a 12-month high of $81.86. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 22.75 and a beta of 1.23. The company’s 50-day moving average is $65.10 and its two-hundred day moving average is $67.49.

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

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.25%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is currently 96.72%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RHI shares. BNP Paribas raised 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 upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. 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 research note on Friday, December 13th. JPMorgan Chase & Co. cut 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 report on Thursday, January 30th. Finally, StockNews.com upgraded shares of Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” 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.