Integrated Wealth Concepts LLC Sells 9,751 Shares of Robert Half Inc. (NYSE:RHI)

Integrated Wealth Concepts LLC lessened its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 73.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,590 shares of the business services provider's stock after selling 9,751 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Robert Half were worth $242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its position in shares of 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 worth $79,652,000 after acquiring an additional 1,240,492 shares in the last quarter. Mawer Investment Management Ltd. boosted 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 during the period. AQR Capital Management LLC increased 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 worth $99,439,000 after purchasing an additional 786,031 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of 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 period. Finally, Miller Howard Investments Inc. NY bought a new stake in shares of Robert Half in the second quarter valued at about $35,357,000. 92.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the transaction, the director now directly owns 12,310 shares of the company's stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

RHI has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Truist Financial raised Robert Half from a "hold" rating to a "buy" rating and upped their price target for the stock from $62.00 to $90.00 in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $73.67.

Robert Half Stock Up 0.8 %

Shares of NYSE:RHI traded up $0.59 during midday trading on Friday, reaching $76.10. The company had a trading volume of 1,003,604 shares, compared to its average volume of 1,351,168. The business's 50 day moving average price is $71.62 and its 200 day moving average price is $66.41. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39. The stock has a market cap of $7.86 billion, a PE ratio of 27.77 and a beta of 1.24.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm 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%. The business's quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. On average, research analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, November 25th. Robert Half's dividend payout ratio (DPR) is currently 77.37%.

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.