Farther Finance Advisors LLC Trims Stock Position in Robert Half Inc. (NYSE:RHI)

Farther Finance Advisors LLC cut its stake in shares of Robert Half Inc. (NYSE:RHI) by 10.1% in the 4th quarter, Holdings Channel reports. The fund owned 3,404 shares of the business services provider’s stock after selling 384 shares during the quarter. Farther Finance Advisors LLC’s holdings in Robert Half were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RHI. Point72 Asset Management L.P. purchased a new stake in Robert Half during the 3rd quarter valued at approximately $41,096,000. Janus Henderson Group PLC raised its stake in Robert Half by 828.9% during the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock valued at $31,249,000 after acquiring an additional 413,664 shares during the last quarter. Pzena Investment Management LLC raised its stake 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 acquiring an additional 303,421 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake 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 acquiring an additional 225,210 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Robert Half during the 4th quarter valued at approximately $15,491,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on RHI. JPMorgan Chase & Co. reduced their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Robert Half currently has a consensus rating of “Hold” and an average target price of $74.92.

Robert Half Price Performance

NYSE RHI opened at $54.09 on Wednesday. Robert Half Inc. has a 1-year low of $51.55 and a 1-year high of $81.85. The company has a market capitalization of $5.53 billion, a P/E ratio of 22.17 and a beta of 1.22. The business has a 50 day moving average price of $61.85 and a 200 day moving average price of $66.87.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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, research analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.36%. 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. Robert Half’s dividend payout ratio is 96.72%.

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.