Y Intercept Hong Kong Ltd Trims Position in Robert Half Inc. (NYSE:RHI)

Y Intercept Hong Kong Ltd cut its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 74.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,416 shares of the business services provider's stock after selling 56,545 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Robert Half were worth $1,309,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. MML Investors Services LLC acquired a new position in shares of Robert Half during the third quarter worth about $225,000. Orion Portfolio Solutions LLC acquired a new position in shares of Robert Half during the third quarter worth about $263,000. iSAM Funds UK Ltd increased its stake in shares of Robert Half by 33.6% during the third quarter. iSAM Funds UK Ltd now owns 8,441 shares of the business services provider's stock worth $569,000 after acquiring an additional 2,123 shares during the period. National Bank of Canada FI increased its stake in shares of Robert Half by 1,344.7% during the third quarter. National Bank of Canada FI now owns 37,215 shares of the business services provider's stock worth $2,509,000 after acquiring an additional 34,639 shares during the period. Finally, SYM FINANCIAL Corp increased its stake in shares of Robert Half by 7.5% during the third quarter. SYM FINANCIAL Corp now owns 3,443 shares of the business services provider's stock worth $232,000 after acquiring an additional 241 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Performance

RHI traded up $0.32 on Thursday, hitting $75.51. 816,925 shares of the company were exchanged, compared to its average volume of 1,352,617. The business's fifty day moving average is $71.25 and its 200 day moving average is $66.27. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The firm has a market capitalization of $7.80 billion, a P/E ratio of 27.74 and a beta of 1.24.

Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. Analysts forecast that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price target 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 analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $69.00.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the business's stock in a transaction dated 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 transaction, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

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.