Amalgamated Bank Sells 13,999 Shares of Robert Half Inc. (NYSE:RHI)

Amalgamated Bank lessened its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 30.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,946 shares of the business services provider's stock after selling 13,999 shares during the quarter. Amalgamated Bank's holdings in Robert Half were worth $2,153,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans grew its position 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 purchasing an additional 1,240,492 shares in the last quarter. AQR Capital Management LLC grew its holdings 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 valued at $99,439,000 after buying an additional 786,031 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Robert Half by 900.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider's stock valued at $66,155,000 after buying an additional 751,049 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Robert Half by 54.7% during 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 acquiring an additional 575,879 shares during the last quarter. Finally, Miller Howard Investments Inc. NY bought a new stake in shares of Robert Half during the 2nd quarter valued at about $35,357,000. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Price Performance

Shares of NYSE RHI traded down $0.02 during mid-day trading on Tuesday, reaching $76.23. 280,355 shares of the company traded hands, compared to its average volume of 1,398,292. The firm has a market cap of $7.87 billion, a PE ratio of 27.83 and a beta of 1.23. The stock has a fifty day simple moving average of $66.87 and a 200-day simple moving average of $65.52. 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 - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company 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 revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 earnings per share. As a group, analysts predict that Robert Half Inc. will post 2.46 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half's dividend payout ratio (DPR) is presently 77.37%.

Wall Street Analysts Forecast Growth

RHI has been the topic of a number of analyst reports. BMO Capital Markets cut their price target on Robert Half from $72.00 to $64.00 and set a "market perform" rating on the stock in a report on Thursday, July 25th. Truist Financial cut their price target on Robert Half from $72.00 to $62.00 and set a "hold" rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. cut their target price on Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Finally, Barclays lowered their price target on Robert Half from $70.00 to $60.00 and set an "underweight" rating for the company in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $69.00.

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.