FORA Capital LLC acquired a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,584 shares of the business services provider's stock, valued at approximately $1,792,000.
Other large investors also recently made changes to their positions in the company. Mawer Investment Management Ltd. increased its holdings in Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider's stock worth $315,569,000 after buying an additional 1,049,005 shares during the last quarter. Boston Partners increased its stake in shares of Robert Half by 14.7% during the 1st quarter. Boston Partners now owns 3,749,749 shares of the business services provider's stock worth $296,963,000 after purchasing an additional 479,384 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Robert Half by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider's stock valued at $221,442,000 after purchasing an additional 159,750 shares during the period. Pacer Advisors Inc. lifted its stake in Robert Half by 54.7% in 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 purchasing an additional 575,879 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Robert Half by 101.0% in 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 purchasing an additional 786,031 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. lowered their price target on Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $69.00.
View Our Latest Analysis on Robert Half
Robert Half Trading Up 0.0 %
Robert Half stock traded up $0.01 during trading hours on Thursday, reaching $74.70. 609,731 shares of the stock were exchanged, compared to its average volume of 1,377,172. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The company has a market cap of $7.71 billion, a P/E ratio of 27.26 and a beta of 1.23. The stock has a 50 day moving average of $69.77 and a two-hundred day moving average of $65.93.
Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business 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 firm's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. On average, analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current fiscal 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 dividend of $0.53 per share. 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%.
Insiders Place Their Bets
In other 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 transaction of $76,729.20. Following the transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company's stock.
Robert Half Profile
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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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