Robert Half Inc. (NYSE:RHI) Shares Sold by Kiltearn Partners LLP

Kiltearn Partners LLP decreased its holdings in Robert Half Inc. (NYSE:RHI) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 338,400 shares of the business services provider’s stock after selling 25,300 shares during the quarter. Robert Half makes up 3.1% of Kiltearn Partners LLP’s portfolio, making the stock its 12th biggest position. Kiltearn Partners LLP owned 0.33% of Robert Half worth $22,812,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RHI. Brooklyn Investment Group acquired a new position in shares of Robert Half in the 3rd quarter valued at approximately $56,000. Private Trust Co. NA boosted its stake in 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 acquiring an additional 192 shares during the last quarter. Algert Global LLC grew its holdings in Robert Half by 166.8% during the 3rd quarter. Algert Global LLC now owns 28,246 shares of the business services provider’s stock worth $1,904,000 after acquiring an additional 17,660 shares in the last quarter. Cerity Partners LLC increased its position in shares of Robert Half by 106.9% in the 3rd quarter. Cerity Partners LLC now owns 53,990 shares of the business services provider’s stock worth $3,639,000 after purchasing an additional 27,891 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Robert Half by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock valued at $221,442,000 after purchasing an additional 159,750 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Down 1.4 %

Robert Half stock opened at $74.70 on Wednesday. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 27.26 and a beta of 1.23. The firm has a 50-day moving average price of $69.33 and a two-hundred day moving average price of $65.84.

Robert Half (NYSE:RHI) last issued 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The business’s revenue was down 6.3% on a year-over-year basis. Research analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is 77.37%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective on 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average 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.