BNP Paribas Financial Markets Has $1.17 Million Stock Holdings in Robert Half Inc. (NYSE:RHI)

BNP Paribas Financial Markets decreased its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 40.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,400 shares of the business services provider's stock after selling 11,701 shares during the period. BNP Paribas Financial Markets' holdings in Robert Half were worth $1,173,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Robert Half by 2.8% during the 2nd quarter. SG Americas Securities LLC now owns 31,290 shares of the business services provider's stock valued at $2,002,000 after purchasing an additional 861 shares during the period. M&G Plc bought a new position in Robert Half during the second quarter valued at about $294,000. Blue Trust Inc. raised its holdings in Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock valued at $25,000 after buying an additional 323 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Robert Half by 3.3% in the second quarter. Boston Trust Walden Corp now owns 290,190 shares of the business services provider's stock worth $18,566,000 after purchasing an additional 9,243 shares during the period. Finally, Shayne & Jacobs LLC increased its stake in Robert Half by 44.2% during the second quarter. Shayne & Jacobs LLC now owns 33,447 shares of the business services provider's stock valued at $2,140,000 after acquiring an additional 10,260 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Robert Half presently has a consensus rating of "Hold" and an average target price of $69.00.

Robert Half Stock Down 1.0 %

RHI stock traded down $0.72 during midday trading on Tuesday, reaching $74.47. 627,643 shares of the company's stock traded hands, compared to its average volume of 1,356,030. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 27.18 and a beta of 1.24. The company has a 50-day simple moving average of $71.08 and a two-hundred day simple moving average of $66.21. 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 issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The firm's quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. Equities research analysts forecast 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. Investors of record on Monday, November 25th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.85%. The ex-dividend date is Monday, November 25th. Robert Half's dividend payout ratio (DPR) is presently 77.37%.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were 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 approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.00% of the company's stock.

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.