Janus Henderson Group PLC grew its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 828.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 463,570 shares of the business services provider's stock after purchasing an additional 413,664 shares during the quarter. Janus Henderson Group PLC owned approximately 0.45% of Robert Half worth $31,249,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Comerica Bank increased its position in Robert Half by 4.2% during the 1st quarter. Comerica Bank now owns 22,942 shares of the business services provider's stock worth $1,819,000 after buying an additional 916 shares during the period. CWM LLC raised its stake in Robert Half by 78.0% in the 2nd quarter. CWM LLC now owns 15,813 shares of the business services provider's stock worth $1,012,000 after purchasing an additional 6,927 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Robert Half by 2.8% in the 2nd quarter. SG Americas Securities LLC now owns 31,290 shares of the business services provider's stock valued at $2,002,000 after purchasing an additional 861 shares during the period. Martin Capital Partners LLC grew its position in shares of Robert Half by 0.7% during the 2nd quarter. Martin Capital Partners LLC now owns 65,773 shares of the business services provider's stock worth $4,208,000 after purchasing an additional 445 shares in the last quarter. Finally, M&G Plc acquired a new position in shares of Robert Half during the 2nd quarter worth approximately $294,000. Institutional investors and hedge funds own 92.41% of the company's stock.
Insider Buying and Selling at Robert Half
In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the transaction, the director now owns 12,310 shares of the company's stock, valued at $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.00% of the company's stock.
Robert Half Stock Up 0.3 %
Shares of NYSE:RHI traded up $0.22 during midday trading on Friday, hitting $74.34. The stock had a trading volume of 879,692 shares, compared to its average volume of 846,625. The company has a market capitalization of $7.68 billion, a P/E ratio of 27.13 and a beta of 1.24. The company's 50-day moving average price is $70.78 and its 200-day moving average price is $66.12. 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 released its 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. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the prior year, the company earned $0.90 earnings per share. The company's quarterly revenue was down 6.3% on a year-over-year basis. Research analysts expect that Robert Half Inc. will post 2.45 EPS for the current fiscal year.
Robert Half Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.85%. The ex-dividend date is Monday, November 25th. Robert Half's payout ratio is 77.37%.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. dropped their price target on shares of Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Robert Half presently has a consensus rating of "Hold" and an average price target of $69.00.
Check Out Our Latest Research Report on RHI
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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