Heartland Advisors Inc. Has $14.38 Million Position in Robert Half Inc. (NYSE:RHI)

Heartland Advisors Inc. lifted its holdings in Robert Half Inc. (NYSE:RHI) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,039 shares of the business services provider’s stock after buying an additional 25,647 shares during the period. Heartland Advisors Inc.’s holdings in Robert Half were worth $14,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 313 shares in the last quarter. 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 in 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 valued at $31,000 after buying an additional 239 shares during the period. Eastern Bank purchased a new position in shares of Robert Half during the 4th quarter valued at $35,000. Finally, V Square Quantitative Management LLC increased its stake in shares of 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 worth $48,000 after acquiring an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Up 1.9 %

Shares of NYSE:RHI opened at $54.97 on Friday. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 22.53 and a beta of 1.22. The business has a 50 day moving average price of $59.89 and a 200 day moving average price of $66.43. 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 quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) 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%. Analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.29%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is currently 96.72%.

Analysts Set New Price Targets

RHI has been the subject of a number of research reports. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective on the stock in a report on Monday, February 10th. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. lowered their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Robert Half has a consensus rating of “Hold” and an average target price 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.