Quantbot Technologies LP Sells 86,182 Shares of Robert Half Inc. (NYSE:RHI)

Quantbot Technologies LP lessened its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 65.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,247 shares of the business services provider's stock after selling 86,182 shares during the quarter. Quantbot Technologies LP's holdings in Robert Half were worth $3,118,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RHI. Mawer Investment Management Ltd. lifted its stake in Robert Half by 28.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider's stock worth $315,569,000 after purchasing an additional 1,049,005 shares in the last quarter. Boston Partners lifted its position in shares of Robert Half by 14.7% in the first quarter. Boston Partners now owns 3,749,749 shares of the business services provider's stock worth $296,963,000 after buying an additional 479,384 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Robert Half by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider's stock valued at $221,442,000 after buying an additional 159,750 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Robert Half by 54.7% during the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider's stock valued at $104,218,000 after buying an additional 575,879 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Robert Half by 101.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider's stock worth $99,439,000 after acquiring an additional 786,031 shares during the last quarter. Institutional investors own 92.41% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their target price on 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 assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $69.00.

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 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 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 legal filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by insiders.

Robert Half Price Performance

Shares of NYSE:RHI traded up $0.01 during trading on Thursday, hitting $74.70. The company had a trading volume of 609,731 shares, compared to its average volume of 1,377,172. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 27.26 and a beta of 1.23. The company has a fifty day simple moving average of $69.77 and a two-hundred day simple moving average of $65.93. Robert Half Inc. has a one year low of $57.05 and a one year 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 the consensus estimate of $0.62 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. Robert Half's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. On average, equities research analysts anticipate that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Dividend Announcement

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

Robert Half Company 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.