MSH Capital Advisors LLC Invests $892,000 in Robert Half Inc. (NYSE:RHI)

MSH Capital Advisors LLC purchased a new position in shares of Robert Half Inc. (NYSE:RHI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,664 shares of the business services provider’s stock, valued at approximately $892,000.

Several other institutional investors have also added to or reduced their stakes in RHI. Van ECK Associates Corp grew its stake in shares of Robert Half by 24.1% in the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock valued at $6,051,000 after acquiring an additional 16,668 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Robert Half by 347.9% during the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after purchasing an additional 12,883 shares in the last quarter. Smartleaf Asset Management LLC increased 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 during the period. JPMorgan Chase & Co. boosted its stake in shares of Robert Half by 20.5% in 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 period. Finally, Tributary Capital Management LLC grew its position in Robert Half by 46.3% during the fourth quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider’s stock worth $956,000 after buying an additional 4,299 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on RHI shares. Barclays decreased their target price on shares of Robert Half from $80.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Tuesday. Truist Financial cut their target price on shares of Robert Half from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $64.92.

Robert Half Trading Down 3.2 %

Shares of RHI stock opened at $48.33 on Wednesday. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 19.81 and a beta of 1.13. The stock has a 50-day moving average of $55.00 and a 200-day moving average of $65.05. Robert Half Inc. has a 1-year low of $44.97 and a 1-year high of $78.41.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS 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%. Sell-side analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.88%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. Robert Half’s payout ratio is currently 96.72%.

Robert Half Company Profile

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.