Fmr LLC Sells 38,139 Shares of Robert Half Inc. (NYSE:RHI)

FMR LLC reduced its position in Robert Half Inc. (NYSE:RHI - Free Report) by 52.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,388 shares of the business services provider's stock after selling 38,139 shares during the period. FMR LLC's holdings in Robert Half were worth $2,318,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. increased its position in Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock worth $25,000 after buying an additional 323 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Robert Half during the 3rd quarter worth about $27,000. Private Trust Co. NA increased its holdings in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock valued at $29,000 after acquiring an additional 192 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of Robert Half in the 3rd quarter valued at approximately $34,000. Finally, GAMMA Investing LLC raised its stake in shares of Robert Half by 35.6% in the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider's stock valued at $46,000 after acquiring an additional 179 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RHI shares. JPMorgan Chase & Co. decreased 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. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and upped their price objective for the stock from $62.00 to $90.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $73.67.

Insider Activity 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 shares were sold at an average price of $74.35, for a total transaction 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.00% of the company's stock.

Robert Half Stock Up 0.8 %

Shares of RHI stock traded up $0.59 during trading hours on Friday, reaching $76.10. 1,003,604 shares of the company's stock were exchanged, compared to its average volume of 1,351,168. The business has a fifty day moving average price of $71.62 and a 200-day moving average price of $66.42. The stock has a market capitalization of $7.86 billion, a P/E ratio of 27.77 and a beta of 1.24. 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 released its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. As a group, research analysts expect 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 was paid on Friday, December 13th. Investors of record on Monday, November 25th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, November 25th. Robert Half's dividend payout ratio (DPR) 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.