Townsquare Capital LLC Invests $407,000 in Robert Half Inc. (NYSE:RHI)

Townsquare Capital LLC purchased a new stake in Robert Half Inc. (NYSE:RHI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,779 shares of the business services provider’s stock, valued at approximately $407,000.

Several other institutional investors have also recently made changes to their positions in RHI. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after purchasing an additional 313 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Robert Half during the fourth quarter valued at approximately $26,000. Signaturefd LLC lifted its holdings in Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after acquiring an additional 239 shares during the period. Eastern Bank purchased a new position in Robert Half in the fourth quarter worth $35,000. Finally, V Square Quantitative Management LLC increased its position in shares of Robert Half by 70.6% during the 4th 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 during the last quarter. Institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RHI shares. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Truist Financial dropped their price objective on Robert Half from $90.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a research note on Monday, February 10th. Finally, Barclays dropped their price objective 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Robert Half has a consensus rating of “Hold” and a consensus target price of $64.92.

Robert Half Stock Down 5.3 %

Shares of RHI opened at $45.40 on Monday. The business’s 50-day moving average price is $53.97 and its 200-day moving average price is $64.49. Robert Half Inc. has a twelve month low of $44.97 and a twelve month high of $78.41. The stock has a market cap of $4.63 billion, a PE ratio of 18.61 and a beta of 1.13.

Robert Half (NYSE:RHI) last announced its quarterly earnings results 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 expect that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend yield of 5.20%. The ex-dividend date was Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is 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.