835 Shares in Robert Half Inc. (NYSE:RHI) Acquired by Brooklyn Investment Group

Brooklyn Investment Group acquired a new position in Robert Half Inc. (NYSE:RHI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 835 shares of the business services provider’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds also recently bought and sold shares of RHI. Mawer Investment Management Ltd. lifted its stake in Robert Half by 28.9% in the 3rd 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. Cetera Investment Advisers lifted its stake in Robert Half by 69.6% in the 1st quarter. Cetera Investment Advisers now owns 64,729 shares of the business services provider’s stock worth $5,132,000 after purchasing an additional 26,561 shares in the last quarter. Achmea Investment Management B.V. lifted its stake in Robert Half by 9.2% in the 2nd quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider’s stock worth $9,741,000 after purchasing an additional 12,772 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Robert Half by 182.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,100 shares of the business services provider’s stock worth $1,606,000 after purchasing an additional 16,212 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Robert Half by 136.3% in the 2nd quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider’s stock worth $5,656,000 after purchasing an additional 50,995 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered 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 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 MarketBeat, Robert Half presently has an average rating of “Hold” and a consensus price target of $69.00.

Insider Buying and Selling

In related news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction 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 transaction, the director now owns 12,310 shares in the company, valued at $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Robert Half Stock Performance

Robert Half stock opened at $74.61 on Friday. The firm’s fifty day moving average price is $70.10 and its 200-day moving average price is $66.02. The stock has a market cap of $7.70 billion, a P/E ratio of 27.23 and a beta of 1.23. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39.

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, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. On average, analysts predict that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Dividend Announcement

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

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.