1,007 Shares in Robert Half Inc. (NYSE:RHI) Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new position in Robert Half Inc. (NYSE:RHI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,007 shares of the business services provider’s stock, valued at approximately $71,000.

Other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA lifted its position 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 worth $29,000 after buying an additional 192 shares during the last quarter. Signaturefd LLC lifted its position in Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 239 shares during the last quarter. Eastern Bank bought a new stake in Robert Half in the fourth quarter valued at approximately $35,000. V Square Quantitative Management LLC lifted its position in Robert Half by 70.6% in the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 281 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in Robert Half in the fourth quarter valued at approximately $56,000. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on RHI shares. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Finally, BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a report on Monday, February 10th. 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 currently has a consensus rating of “Hold” and an average target price of $74.92.

Robert Half Stock Down 1.2 %

Shares of Robert Half stock opened at $53.20 on Friday. The company has a market cap of $5.44 billion, a PE ratio of 21.80 and a beta of 1.22. The business has a 50 day moving average of $61.08 and a 200 day moving average of $66.63. Robert Half Inc. has a 52 week low of $51.55 and a 52 week high of $81.24.

Robert Half (NYSE:RHI) last issued its quarterly earnings results 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 return on equity of 17.20% and a net margin of 4.34%. On average, research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 4.44%. This is a boost from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio is presently 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.