Nebula Research & Development LLC Has $992,000 Stake in Robert Half Inc. (NYSE:RHI)

Nebula Research & Development LLC lowered its stake in Robert Half Inc. (NYSE:RHI) by 18.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,073 shares of the business services provider’s stock after selling 3,174 shares during the quarter. Nebula Research & Development LLC’s holdings in Robert Half were worth $992,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Barclays PLC boosted its position in shares of Robert Half by 131.6% during the 3rd quarter. Barclays PLC now owns 344,233 shares of the business services provider’s stock worth $23,205,000 after purchasing an additional 195,570 shares in the last quarter. Tidal Investments LLC raised its stake in Robert Half by 6.1% during the 3rd quarter. Tidal Investments LLC now owns 13,946 shares of the business services provider’s stock worth $940,000 after buying an additional 797 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in Robert Half in the third quarter valued at approximately $1,461,000. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 46,100 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Robert Half by 58.9% during the fourth quarter. GAMMA Investing LLC now owns 1,084 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 402 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RHI. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Tuesday, April 15th. Truist Financial set a $55.00 target price on shares of Robert Half and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. cut their price target on Robert Half from $65.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a report on Monday, February 10th. Finally, Barclays decreased their price target on Robert Half from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.75.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $43.98 on Friday. Robert Half Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $78.41. The company’s 50-day moving average is $52.58 and its 200 day moving average is $63.76. The company has a market capitalization of $4.49 billion, a P/E ratio of 18.02 and a beta of 1.13.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm posted $0.61 EPS. As a group, research 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 was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Tuesday, February 25th. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. 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.