Holocene Advisors LP Has $9.39 Million Stake in Robert Half Inc. (NYSE:RHI)

Holocene Advisors LP boosted its holdings in Robert Half Inc. (NYSE:RHI) by 2.0% during the third quarter, HoldingsChannel.com reports. The fund owned 139,244 shares of the business services provider’s stock after purchasing an additional 2,717 shares during the period. Holocene Advisors LP’s holdings in Robert Half were worth $9,386,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. boosted its position in shares of Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after purchasing an additional 1,049,005 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Robert Half by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock worth $221,442,000 after buying an additional 159,750 shares during the period. Pacer Advisors Inc. raised its position in shares of Robert Half by 54.7% in the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock valued at $104,218,000 after buying an additional 575,879 shares in the last quarter. AQR Capital Management LLC increased its position in Robert Half by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock worth $99,439,000 after purchasing an additional 786,031 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Robert Half by 17.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,502 shares of the business services provider’s stock valued at $98,687,000 after acquiring an additional 231,129 shares during the period. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Down 1.6 %

NYSE RHI opened at $73.36 on Wednesday. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 26.77 and a beta of 1.24. The business has a 50-day moving average price of $70.33 and a 200-day moving average price of $65.98. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 earnings per share. Research analysts expect that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.89%. Robert Half’s payout ratio is 77.37%.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now directly owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Robert Half presently has an average rating of “Hold” and a consensus target price of $69.00.

Robert Half 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.