Robert Half Inc. (NYSE:RHI) Shares Sold by Point72 DIFC Ltd

Point72 DIFC Ltd lessened its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 74.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,580 shares of the business services provider's stock after selling 28,170 shares during the period. Point72 DIFC Ltd's holdings in Robert Half were worth $646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock valued at $25,000 after acquiring an additional 323 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Robert Half in the third quarter valued at about $27,000. Private Trust Co. NA boosted its holdings in Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Reston Wealth Management LLC acquired a new position in Robert Half during the 3rd quarter worth approximately $34,000. Finally, Family Firm Inc. acquired a new position in Robert Half during the 2nd quarter worth approximately $45,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price target on Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Robert Half currently has an average rating of "Hold" and an average target price of $69.00.

Robert Half Stock Up 0.3 %

NYSE RHI traded up $0.22 during mid-day trading on Friday, hitting $74.34. The stock had a trading volume of 879,690 shares, compared to its average volume of 1,361,775. The company has a 50 day simple moving average of $70.78 and a 200 day simple moving average of $66.12. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 27.13 and a beta of 1.24. Robert Half Inc. has a 52-week low of $57.05 and a 52-week 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 (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business's revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. As a group, equities analysts anticipate that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

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 given a $0.53 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.85%. Robert Half's dividend payout ratio is presently 77.37%.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction 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 sale, the director now owns 12,310 shares of the company's stock, valued at $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.00% of the company's stock.

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.