Nomura Asset Management Co. Ltd. Decreases Position in Robert Half Inc. (NYSE:RHI)

Nomura Asset Management Co. Ltd. lowered its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 98.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 560 shares of the business services provider's stock after selling 38,087 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Robert Half were worth $38,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its position in shares of Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock worth $25,000 after purchasing an additional 323 shares during the period. Pallas Capital Advisors LLC purchased a new position in shares of Robert Half during the second quarter worth $483,000. Capital Investment Counsel Inc grew its stake in shares of Robert Half by 15.6% in the second quarter. Capital Investment Counsel Inc now owns 3,705 shares of the business services provider's stock valued at $237,000 after buying an additional 500 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Robert Half by 14.5% in the second quarter. Fifth Third Bancorp now owns 3,307 shares of the business services provider's stock valued at $212,000 after buying an additional 419 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Robert Half in the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RHI. 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 report on Wednesday, October 23rd. BNP Paribas cut shares of Robert Half from an "outperform" rating to an "underperform" rating and set a $64.00 price target on the stock. in a research report on Monday. Finally, Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and lifted their price objective for the company from $62.00 to $90.00 in a report on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $71.00.

Insider Activity at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction dated Tuesday, November 26th. The stock was 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 approximately $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 accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Robert Half Stock Performance

Shares of RHI traded down $1.01 during midday trading on Monday, hitting $75.09. The company had a trading volume of 930,169 shares, compared to its average volume of 1,349,429. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The firm has a market capitalization of $7.75 billion, a P/E ratio of 27.41 and a beta of 1.24. The company's 50-day simple moving average is $71.79 and its 200-day simple moving average is $66.50.

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 analysts' consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The firm's quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts predict that Robert Half Inc. will post 2.45 earnings per share 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 paid a dividend of $0.53 per share. The ex-dividend date was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.82%. Robert Half's payout ratio is currently 77.37%.

Robert Half 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.