Robert Half Inc. (NYSE:RHI) Shares Sold by State Street Corp

State Street Corp lessened its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 1.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,491,403 shares of the business services provider's stock after selling 54,786 shares during the quarter. State Street Corp owned about 3.38% of Robert Half worth $235,355,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in RHI. SYM FINANCIAL Corp boosted its stake in shares of Robert Half by 7.5% in the 3rd quarter. SYM FINANCIAL Corp now owns 3,443 shares of the business services provider's stock valued at $232,000 after buying an additional 241 shares during the period. Quantinno Capital Management LP raised its holdings in Robert Half by 91.1% in the third quarter. Quantinno Capital Management LP now owns 59,765 shares of the business services provider's stock valued at $4,029,000 after acquiring an additional 28,490 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Robert Half in the third quarter worth approximately $41,096,000. Jacobs Levy Equity Management Inc. grew its holdings in Robert Half by 20.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider's stock worth $90,534,000 after acquiring an additional 225,210 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Robert Half by 828.9% in the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider's stock valued at $31,249,000 after purchasing an additional 413,664 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares of the company's stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company's stock.

Robert Half Trading Up 0.4 %

Shares of RHI traded up $0.32 during trading hours on Thursday, reaching $75.51. The company had a trading volume of 816,925 shares, compared to its average volume of 1,352,617. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 27.56 and a beta of 1.24. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39. The firm has a 50 day simple moving average of $71.43 and a 200-day simple moving average of $66.34.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $1.47 billion during 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 company's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. Sell-side analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.81%. Robert Half's payout ratio is 77.37%.

Wall Street Analysts Forecast Growth

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