Robert Half Inc. (NYSE:RHI) Stake Lessened by Kiltearn Partners LLP

Kiltearn Partners LLP lessened its stake in shares of Robert Half Inc. (NYSE:RHI) by 7.0% during the third quarter, Holdings Channel.com reports. The fund owned 338,400 shares of the business services provider’s stock after selling 25,300 shares during the period. Robert Half accounts for about 3.1% of Kiltearn Partners LLP’s holdings, making the stock its 12th biggest holding. Kiltearn Partners LLP’s holdings in Robert Half were worth $22,812,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of Robert Half during the 3rd quarter valued at $56,000. Private Trust Co. NA grew its position in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after buying an additional 192 shares during the last quarter. Algert Global LLC grew its holdings in shares of Robert Half by 166.8% in the 3rd quarter. Algert Global LLC now owns 28,246 shares of the business services provider’s stock worth $1,904,000 after acquiring an additional 17,660 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Robert Half by 106.9% in the 3rd quarter. Cerity Partners LLC now owns 53,990 shares of the business services provider’s stock worth $3,639,000 after acquiring an additional 27,891 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Robert Half by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock worth $221,442,000 after purchasing an additional 159,750 shares during the period. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

Robert Half Stock Down 1.4 %

Shares of Robert Half stock opened at $74.70 on Wednesday. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39. The stock has a market cap of $7.71 billion, a PE ratio of 27.26 and a beta of 1.23. The business has a fifty day simple moving average of $69.33 and a 200-day simple moving average of $65.84.

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

Robert Half Dividend Announcement

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

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.