Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 34.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,183 shares of the business services provider's stock after buying an additional 6,918 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Robert Half were worth $1,832,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in shares of Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock valued at $25,000 after purchasing an additional 323 shares during the period. V Square Quantitative Management LLC purchased a new stake in Robert Half during the 3rd quarter worth $27,000. Private Trust Co. NA increased its stake in Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after buying an additional 192 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of Robert Half during the third quarter valued at about $34,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Robert Half during the second quarter worth about $35,000. 92.41% of the stock is owned by institutional investors and hedge funds.
Robert Half Price Performance
Shares of NYSE RHI traded up $0.03 during mid-day trading on Monday, hitting $74.64. The company had a trading volume of 271,379 shares, compared to its average volume of 1,367,809. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 27.23 and a beta of 1.23. The firm's 50 day simple moving average is $70.10 and its two-hundred day simple moving average is $65.94. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39.
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 analysts' consensus estimates of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. Equities analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current year.
Robert Half Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half's dividend payout ratio (DPR) is 77.37%.
Insider Activity at Robert Half
In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the company'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 value of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares in the company, valued at $915,248.50. This 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. Company insiders own 3.00% of the company's stock.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. decreased 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 analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $69.00.
Read Our Latest Stock Analysis on RHI
Robert Half Company Profile
(
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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