National Bank of Canada FI Has $162,000 Stock Position in Robert Half Inc. (NYSE:RHI)

National Bank of Canada FI decreased its position in shares of Robert Half Inc. (NYSE:RHI) by 93.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,306 shares of the business services provider’s stock after selling 34,909 shares during the period. National Bank of Canada FI’s holdings in Robert Half were worth $162,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RHI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of 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 during the period. Signaturefd LLC increased its position in Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after purchasing an additional 239 shares in the last quarter. Eastern Bank bought a new position in shares of Robert Half in the 4th quarter valued at $35,000. V Square Quantitative Management LLC boosted its stake in shares of Robert Half by 70.6% during 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 in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Robert Half by 39.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider’s stock worth $55,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RHI shares. StockNews.com raised Robert Half from a “hold” rating to a “buy” rating in a research note on Monday. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and raised their target price for the company from $62.00 to $90.00 in a research note on Friday, December 13th. BNP Paribas upgraded shares of 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. Barclays dropped their target price on Robert Half from $80.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $69.92.

Robert Half Stock Performance

RHI stock opened at $48.51 on Friday. Robert Half Inc. has a one year low of $44.97 and a one year high of $78.41. The company has a market capitalization of $4.96 billion, a PE ratio of 19.88 and a beta of 1.13. The company’s 50 day moving average price is $55.51 and its two-hundred day moving average price is $65.30.

Robert Half (NYSE:RHI) last released 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 return on equity of 17.20% and a net margin of 4.34%. On average, research analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a $0.59 dividend. This is a boost from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 4.86%. Robert Half’s dividend payout ratio (DPR) is currently 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.