Robert Half Inc. (NYSE:RHI) Director Sells $76,729.20 in Stock

Robert Half Inc. (NYSE:RHI) Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the transaction, the director now directly owns 12,310 shares in the company, valued at $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Robert Half Stock Performance

Shares of RHI stock opened at $74.70 on Thursday. The firm has a market capitalization of $7.71 billion, a PE ratio of 27.26 and a beta of 1.23. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The stock has a fifty day moving average of $69.77 and a two-hundred day moving average of $65.93.

Robert Half (NYSE:RHI) last posted its quarterly earnings data 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. Equities research analysts predict that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half’s payout ratio is currently 77.37%.

Hedge Funds Weigh In On Robert Half

Hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in Robert Half by 27,895.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock valued at $79,652,000 after buying an additional 1,240,492 shares in the last quarter. Mawer Investment Management Ltd. raised its position in Robert Half by 28.9% in 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 acquiring an additional 1,049,005 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Robert Half by 101.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after acquiring an additional 786,031 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Robert Half during the 3rd quarter valued at about $41,096,000. Finally, Pacer Advisors Inc. grew its stake 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 worth $104,218,000 after purchasing an additional 575,879 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their target price on 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.00.

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.