Quantinno Capital Management LP Increases Stake in Robert Half Inc. (NYSE:RHI)

Quantinno Capital Management LP boosted its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 91.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,765 shares of the business services provider's stock after buying an additional 28,490 shares during the period. Quantinno Capital Management LP owned approximately 0.06% of Robert Half worth $4,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. raised 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 acquiring an additional 1,049,005 shares during the last quarter. FORA Capital LLC acquired a new position in shares of Robert Half in the third quarter valued at about $1,792,000. Achmea Investment Management B.V. raised its stake in shares of Robert Half by 9.2% in the second quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider's stock worth $9,741,000 after purchasing an additional 12,772 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Robert Half by 182.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 25,100 shares of the business services provider's stock worth $1,606,000 after purchasing an additional 16,212 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Robert Half by 136.3% in the second quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider's stock valued at $5,656,000 after buying an additional 50,995 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Robert Half

In other Robert Half 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 value of $76,729.20. Following the sale, the director now owns 12,310 shares in the company, valued at $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Robert Half Stock Performance

Robert Half stock traded up $0.85 during trading on Monday, reaching $75.19. The company had a trading volume of 727,298 shares, compared to its average volume of 1,359,005. The firm has a market capitalization of $7.76 billion, a PE ratio of 27.13 and a beta of 1.24. The firm's 50-day simple moving average is $70.78 and its 200 day simple moving average is $66.10. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business earned $0.90 earnings per share. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. Analysts anticipate that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The business 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 dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Monday, November 25th. Robert Half's dividend payout ratio (DPR) is currently 77.37%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price target on shares of 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $69.00.

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.