Quantbot Technologies LP Sells 31,712 Shares of Robert Half Inc. (NYSE:RHI)

Quantbot Technologies LP reduced its position in shares of Robert Half Inc. (NYSE:RHI) by 68.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,535 shares of the business services provider’s stock after selling 31,712 shares during the quarter. Quantbot Technologies LP’s holdings in Robert Half were worth $1,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RHI. Private Trust Co. NA boosted its holdings in shares of Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after buying an additional 192 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after acquiring an additional 239 shares during the last quarter. Eastern Bank bought a new stake in shares of Robert Half during the 4th quarter valued at $35,000. V Square Quantitative Management LLC increased its stake in shares of Robert Half by 70.6% in the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock worth $48,000 after purchasing an additional 281 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Robert Half in the 3rd quarter worth $56,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Truist Financial raised shares of 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 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 objective for the company in a research note on Monday, February 10th. Finally, Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Robert Half has an average rating of “Hold” and an average price target of $74.92.

Robert Half Price Performance

RHI stock opened at $53.45 on Wednesday. Robert Half Inc. has a 1-year low of $51.55 and a 1-year high of $79.77. The business has a 50 day simple moving average of $60.84 and a two-hundred day simple moving average of $66.65. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 21.91 and a beta of 1.22.

Robert Half (NYSE:RHI) last issued its earnings results 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%. Sell-side analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 4.42%. This is a boost from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, February 25th. Robert Half’s 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.