Geode Capital Management LLC raised its holdings in Robert Half Inc. (NYSE:RHI – Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,396,148 shares of the business services provider’s stock after acquiring an additional 275,004 shares during the period. Geode Capital Management LLC’s holdings in Robert Half were worth $65,090,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in Robert Half by 321.0% in the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 764 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Robert Half in the 2nd quarter valued at about $34,000. Fifth Third Bancorp raised its holdings in Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 664 shares during the last quarter. Danske Bank A S acquired a new stake in Robert Half in the 3rd quarter valued at about $37,000. Finally, Hantz Financial Services Inc. raised its holdings in Robert Half by 952.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.
Robert Half Price Performance
Shares of NYSE RHI opened at $30.99 on Tuesday. The company has a 50 day simple moving average of $26.86 and a 200-day simple moving average of $26.82. The company has a market capitalization of $3.17 billion, a P/E ratio of 23.84 and a beta of 0.84. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $45.67.
Robert Half Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 7.6%. The ex-dividend date is Friday, May 22nd. Robert Half’s dividend payout ratio (DPR) is 181.54%.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. BMO Capital Markets cut their price objective on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. Barclays cut their price objective on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, March 6th. Weiss Ratings downgraded shares of Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Robert Half currently has an average rating of “Reduce” and an average target price of $31.75.
Read Our Latest Research Report on RHI
Robert Half Profile
Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.
The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.
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