Public Sector Pension Investment Board Sells 10,500 Shares of Robert Half Inc. (NYSE:RHI)

Public Sector Pension Investment Board cut its position in Robert Half Inc. (NYSE:RHI - Free Report) by 4.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 216,996 shares of the business services provider's stock after selling 10,500 shares during the period. Public Sector Pension Investment Board owned 0.21% of Robert Half worth $14,628,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RHI. Blue Trust Inc. boosted its holdings in shares of Robert Half by 489.4% in the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock worth $25,000 after acquiring an additional 323 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Robert Half in the third quarter worth $27,000. Private Trust Co. NA boosted its stake in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after purchasing an additional 192 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of Robert Half during the third quarter worth $34,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Robert Half in the second quarter valued at $35,000. 92.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price target on shares of 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 investment 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, the company has a consensus rating of "Hold" and a consensus target price of $69.00.

Robert Half Price Performance

Shares of RHI stock traded down $0.09 on Friday, reaching $74.61. 336,718 shares of the stock were exchanged, compared to its average volume of 1,372,668. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The stock has a market cap of $7.70 billion, a PE ratio of 27.23 and a beta of 1.23. The stock has a 50 day moving average price of $69.94 and a 200 day moving average price of $65.99.

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 for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The company's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be paid a $0.53 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.84%. Robert Half's payout ratio is presently 77.37%.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the firm's stock in a transaction dated 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 owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% of the company's stock.

Robert Half 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.