Healthcare of Ontario Pension Plan Trust Fund Raises Stake in Robert Half Inc. (NYSE:RHI)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in Robert Half Inc. (NYSE:RHI - Free Report) by 532.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,403 shares of the business services provider's stock after purchasing an additional 55,903 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.06% of Robert Half worth $4,476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of Robert Half by 35.6% in the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider's stock worth $46,000 after buying an additional 179 shares in the last quarter. Private Trust Co. NA lifted its stake 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 worth $29,000 after purchasing an additional 192 shares in the last quarter. Isthmus Partners LLC boosted its holdings in shares of Robert Half by 3.3% during the 2nd quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider's stock worth $453,000 after purchasing an additional 229 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Robert Half by 7.3% in the second quarter. Farther Finance Advisors LLC now owns 4,134 shares of the business services provider's stock valued at $263,000 after purchasing an additional 281 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Robert Half by 0.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 30,957 shares of the business services provider's stock valued at $2,087,000 after purchasing an additional 290 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Wall Street Analysts Forecast Growth

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

Robert Half Price Performance

RHI traded down $0.09 during trading hours on Friday, reaching $74.61. The company's stock had a trading volume of 336,719 shares, compared to its average volume of 1,372,668. The business's 50-day moving average is $70.10 and its 200-day moving average is $66.02. The stock has a market cap of $7.70 billion, a PE ratio of 27.23 and a beta of 1.23. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business posted $0.90 EPS. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. Analysts expect that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The company also recently announced 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. This represents a $2.12 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half's payout ratio is 77.37%.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by company 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.