Robert Half Inc. (NYSE:RHI) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Robert Half Inc. (NYSE:RHI - Free Report) by 16.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 523,861 shares of the business services provider's stock after selling 106,649 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.51% of Robert Half worth $35,313,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Comerica Bank increased its position in shares of Robert Half by 4.2% during the 1st quarter. Comerica Bank now owns 22,942 shares of the business services provider's stock worth $1,819,000 after purchasing an additional 916 shares during the last quarter. Cetera Investment Advisers boosted its stake in Robert Half by 69.6% during the first quarter. Cetera Investment Advisers now owns 64,729 shares of the business services provider's stock worth $5,132,000 after buying an additional 26,561 shares during the period. CWM LLC increased its position in shares of Robert Half by 78.0% during the second quarter. CWM LLC now owns 15,813 shares of the business services provider's stock valued at $1,012,000 after acquiring an additional 6,927 shares during the last quarter. Cardinal Capital Management lifted its holdings in shares of Robert Half by 4.0% in the 2nd quarter. Cardinal Capital Management now owns 33,859 shares of the business services provider's stock worth $2,166,000 after acquiring an additional 1,307 shares during the last quarter. Finally, SG Americas Securities LLC boosted 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 worth $2,002,000 after purchasing an additional 861 shares during the period. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Stock Down 0.4 %

Robert Half stock traded down $0.27 during mid-day trading on Thursday, reaching $74.12. 772,937 shares of the company's stock were exchanged, compared to its average volume of 1,363,827. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The company has a market cap of $7.65 billion, a P/E ratio of 27.05 and a beta of 1.24. The company has a fifty day moving average of $70.64 and a 200-day moving average of $66.10.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data 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 return on equity of 18.78% and a net margin of 4.84%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the firm earned $0.90 earnings per share. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts expect 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 will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.86%. Robert Half's payout ratio is 77.37%.

Insider Activity at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the 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 transaction, the director now directly owns 12,310 shares in the company, valued at $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their target price on Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $69.00.

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.