Quadrature Capital Ltd Sells 14,815 Shares of Robert Half Inc. (NYSE:RHI)

Quadrature Capital Ltd lowered its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 46.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,367 shares of the business services provider's stock after selling 14,815 shares during the quarter. Quadrature Capital Ltd's holdings in Robert Half were worth $1,171,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RHI. Quantinno Capital Management LP increased its stake in Robert Half by 91.1% in the third quarter. Quantinno Capital Management LP now owns 59,765 shares of the business services provider's stock valued at $4,029,000 after purchasing an additional 28,490 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Robert Half in the 3rd quarter valued at about $41,096,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Robert Half by 20.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider's stock valued at $90,534,000 after buying an additional 225,210 shares during the period. Janus Henderson Group PLC increased its position in Robert Half by 828.9% in the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider's stock valued at $31,249,000 after buying an additional 413,664 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in Robert Half by 11.1% during the 3rd quarter. HighTower Advisors LLC now owns 36,048 shares of the business services provider's stock worth $2,436,000 after buying an additional 3,606 shares during the period. Institutional investors own 92.41% of the company's stock.

Analysts Set New Price Targets

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

Robert Half Trading Up 0.3 %

NYSE RHI traded up $0.22 during trading hours on Friday, hitting $74.34. The company's 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 PE 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. The company's 50-day simple moving average is $70.78 and its two-hundred day simple moving average is $66.11.

Robert Half (NYSE:RHI - Get Free Report) last posted its 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 analyst estimates of $1.44 billion. During the same quarter last year, the company earned $0.90 earnings per share. The company's revenue for the quarter was down 6.3% on a year-over-year basis. Research analysts anticipate that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 annualized dividend and a dividend yield of 2.85%. Robert Half's payout ratio is 77.37%.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half 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 directly owns 12,310 shares in the company, valued at $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

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.