Cerity Partners LLC increased its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 106.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,990 shares of the business services provider's stock after acquiring an additional 27,891 shares during the quarter. Cerity Partners LLC owned about 0.05% of Robert Half worth $3,639,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. 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 increased its holdings in shares of Robert Half by 69.6% in the first 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 during the last quarter. Achmea Investment Management B.V. lifted its position in shares of Robert Half by 9.2% in the second quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider's stock worth $9,741,000 after buying an additional 12,772 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Robert Half by 182.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 25,100 shares of the business services provider's stock valued at $1,606,000 after buying an additional 16,212 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Robert Half by 136.3% during the 2nd quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider's stock valued at $5,656,000 after buying an additional 50,995 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.
Robert Half Stock Performance
RHI stock traded down $0.09 during midday trading on Friday, reaching $74.61. 336,719 shares of the company traded hands, compared to its average volume of 1,372,668. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 27.23 and a beta of 1.23. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39. The business has a 50 day moving average of $70.10 and a 200-day moving average of $66.02.
Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results 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 company had revenue of $1.47 billion for 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%. Robert Half's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. Research analysts anticipate that Robert Half Inc. will post 2.45 earnings per share for the current year.
Robert Half Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.84%. Robert Half's dividend payout ratio is presently 77.37%.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. decreased their price objective on Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $69.00.
View Our Latest Research Report on Robert Half
Insider Activity at Robert Half
In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now owns 12,310 shares in the company, valued at $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by insiders.
About Robert Half
(
Free Report)
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.
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