Dynasty Wealth Management LLC Buys New Holdings in Robert Half Inc. (NYSE:RHI)

Dynasty Wealth Management LLC bought a new stake in shares of Robert Half Inc. (NYSE:RHI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,636 shares of the business services provider’s stock, valued at approximately $609,000.

Several other institutional investors also recently bought and sold shares of RHI. Bank of New York Mellon Corp boosted its stake in shares of Robert Half by 8.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider’s stock valued at $81,773,000 after purchasing an additional 94,125 shares during the period. IFP Advisors Inc boosted its position in Robert Half by 103.3% during the 4th quarter. IFP Advisors Inc now owns 2,316 shares of the business services provider’s stock valued at $163,000 after buying an additional 1,177 shares during the period. Paradigm Asset Management Co. LLC boosted its position in Robert Half by 738.9% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 15,100 shares of the business services provider’s stock valued at $1,064,000 after buying an additional 13,300 shares during the period. Ieq Capital LLC boosted its position in Robert Half by 24.4% during the 4th quarter. Ieq Capital LLC now owns 228,033 shares of the business services provider’s stock valued at $16,067,000 after buying an additional 44,704 shares during the period. Finally, Alberta Investment Management Corp purchased a new stake in Robert Half during the 4th quarter valued at $1,133,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Trading Up 0.9 %

Shares of Robert Half stock opened at $58.99 on Friday. The firm has a market capitalization of $6.03 billion, a P/E ratio of 24.18 and a beta of 1.23. The business has a fifty day simple moving average of $65.97 and a two-hundred day simple moving average of $67.47. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $83.25.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 4.00%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Analyst Ratings Changes

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