Crossmark Global Holdings Inc. Sells 47,307 Shares of Robert Half Inc. (NYSE:RHI)

Crossmark Global Holdings Inc. lessened its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 25.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 140,506 shares of the business services provider's stock after selling 47,307 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.14% of Robert Half worth $9,472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in shares of Robert Half by 27,895.0% in the 2nd 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 during the last quarter. AQR Capital Management LLC increased its holdings in Robert Half by 101.0% during the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider's stock worth $99,439,000 after buying an additional 786,031 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Robert Half by 900.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider's stock worth $66,155,000 after purchasing an additional 751,049 shares during the period. Pacer Advisors Inc. boosted its position in shares of Robert Half by 54.7% in the second 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 period. Finally, Miller Howard Investments Inc. NY bought a new stake in Robert Half during the second quarter valued at approximately $35,357,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Stock Up 0.7 %

Shares of NYSE RHI traded up $0.51 on Monday, hitting $76.25. The company had a trading volume of 610,280 shares, compared to its average volume of 1,403,420. The firm has a market capitalization of $7.87 billion, a P/E ratio of 27.83 and a beta of 1.23. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39. The business has a 50 day moving average of $66.87 and a two-hundred day moving average of $65.52.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS 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 return on equity of 18.78% and a net margin of 4.84%. The firm's revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS. On average, sell-side analysts anticipate that Robert Half Inc. will post 2.46 earnings per share for the current year.

Robert Half Dividend Announcement

The company 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 dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a 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 Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. decreased 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. Barclays dropped their price target on Robert Half from $70.00 to $60.00 and set an "underweight" rating for the company in a research note on Friday, July 26th. BMO Capital Markets lowered their price target on Robert Half from $72.00 to $64.00 and set a "market perform" rating for the company in a research report on Thursday, July 25th. Finally, Truist Financial cut their price target on Robert Half from $72.00 to $62.00 and set a "hold" rating on the stock in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average 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.