Robert Half Inc. (NYSE:RHI) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC lessened its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 84.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,676 shares of the business services provider's stock after selling 391,315 shares during the period. Worldquant Millennium Advisors LLC owned about 0.07% of Robert Half worth $5,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RHI. Blue Trust Inc. raised its position in Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock valued at $25,000 after purchasing an additional 323 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Robert Half in the third quarter valued at about $27,000. Private Trust Co. NA raised 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 buying an additional 192 shares during the period. Reston Wealth Management LLC acquired a new position in Robert Half during the 3rd quarter worth approximately $34,000. Finally, GAMMA Investing LLC boosted its holdings in Robert Half by 35.6% in the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider's stock worth $46,000 after acquiring an additional 179 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Wall Street Analysts Forecast Growth

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

Robert Half Price Performance

RHI traded up $0.22 on Friday, reaching $74.34. The company's stock had a trading volume of 879,692 shares, compared to its average volume of 846,625. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The business's 50 day moving average is $70.78 and its 200 day moving average is $66.11. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 27.13 and a beta of 1.24.

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 company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business's revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. As a group, research analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced 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. This represents a $2.12 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half's payout ratio is currently 77.37%.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company's stock.

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.