CoreFirst Bank & Trust Takes Position in Robert Half Inc. (NYSE:RHI)

CoreFirst Bank & Trust purchased a new position in Robert Half Inc. (NYSE:RHI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,100 shares of the business services provider’s stock, valued at approximately $78,000.

Other large investors also recently bought and sold shares of the company. FORA Capital LLC purchased a new stake in Robert Half in the third quarter worth about $1,792,000. Van ECK Associates Corp boosted its position in shares of Robert Half by 24.1% in the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock worth $6,051,000 after purchasing an additional 16,668 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Robert Half by 347.9% in the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after buying an additional 12,883 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Robert Half by 48.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after buying an additional 258 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Robert Half by 20.5% during the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after buying an additional 46,100 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RHI has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note 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 on the stock in a research report on Monday, February 10th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, 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 report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $74.92.

Robert Half Stock Down 2.6 %

RHI opened at $53.45 on Wednesday. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 21.91 and a beta of 1.22. The firm has a 50 day moving average price of $60.84 and a 200-day moving average price of $66.65. Robert Half Inc. has a twelve month low of $51.55 and a twelve month high of $79.77.

Robert Half (NYSE:RHI) last announced 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, analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a 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 dividend payout ratio (DPR) 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.