Verition Fund Management LLC increased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 73.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,817 shares of the business services provider's stock after buying an additional 23,196 shares during the quarter. Verition Fund Management LLC owned 0.05% of Robert Half worth $3,695,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. raised 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 valued at $25,000 after acquiring an additional 323 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Robert Half in the third quarter valued at approximately $27,000. Private Trust Co. NA lifted its stake in shares of Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after buying an additional 192 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Robert Half during the 3rd quarter worth $34,000. Finally, Family Firm Inc. bought a new position in Robert Half in the 2nd quarter worth $45,000. 92.41% of the stock is owned by hedge funds and other institutional investors.
Robert Half Stock Performance
NYSE RHI traded up $1.06 during trading on Wednesday, reaching $74.42. 1,014,311 shares of the company traded hands, compared to its average volume of 1,366,231. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 27.16 and a beta of 1.24. The stock's 50 day moving average price is $70.33 and its two-hundred day moving average price is $65.98. 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 posted its quarterly earnings data 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. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business earned $0.90 EPS. The business'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 EPS for the current fiscal year.
Robert Half Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be given a $0.53 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.85%. Robert Half's dividend payout ratio is currently 77.37%.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. lowered their price target 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Robert Half currently has a consensus rating of "Hold" and a consensus target price of $69.00.
View Our Latest Stock Report on Robert Half
Insider Buying and Selling
In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction 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 sale, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by insiders.
About Robert Half
(
Free Report)
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.
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