Isthmus Partners LLC Purchases 264 Shares of Robert Half Inc. (NYSE:RHI)

Isthmus Partners LLC lifted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,176 shares of the business services provider’s stock after acquiring an additional 264 shares during the quarter. Isthmus Partners LLC’s holdings in Robert Half were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Private Trust Co. NA boosted its holdings 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 period. Eastern Bank bought a new position in Robert Half in the 4th quarter worth about $35,000. V Square Quantitative Management LLC raised its holdings 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 valued at $48,000 after acquiring an additional 281 shares in the last quarter. Friedenthal Financial bought a new stake in shares of Robert Half during the 4th quarter valued at about $56,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Robert Half by 48.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock worth $56,000 after purchasing an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Down 0.8 %

Robert Half stock opened at $54.74 on Monday. The firm has a fifty day simple moving average of $64.13 and a two-hundred day simple moving average of $67.32. Robert Half Inc. has a twelve month low of $53.53 and a twelve month high of $81.86. The company has a market capitalization of $5.59 billion, a PE ratio of 22.44 and a beta of 1.22.

Robert Half (NYSE:RHI) last released 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 net margin of 4.34% and a return on equity of 17.20%. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Tuesday, February 25th. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is 96.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $90.00 in a report on Friday, December 13th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a research note on Monday, February 10th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Robert Half currently has an average rating of “Moderate Buy” and an average price target of $74.92.

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.