Robert Half Inc. (NYSE:RHI) Shares Sold by Swedbank AB

Swedbank AB cut its holdings in shares of Robert Half Inc. (NYSE:RHI) by 70.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,496 shares of the business services provider’s stock after selling 217,995 shares during the quarter. Swedbank AB’s holdings in Robert Half were worth $6,168,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in RHI. Algert Global LLC raised its position in Robert Half by 166.8% in the 3rd quarter. Algert Global LLC now owns 28,246 shares of the business services provider’s stock valued at $1,904,000 after purchasing an additional 17,660 shares in the last quarter. Cerity Partners LLC raised its holdings in Robert Half by 106.9% in the third quarter. Cerity Partners LLC now owns 53,990 shares of the business services provider’s stock valued at $3,639,000 after acquiring an additional 27,891 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Robert Half by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock worth $221,442,000 after acquiring an additional 159,750 shares during the last quarter. Integrated Investment Consultants LLC acquired a new position in Robert Half during the 3rd quarter worth approximately $327,000. Finally, Pzena Investment Management LLC increased its position in shares of Robert Half by 41.9% in the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock valued at $69,276,000 after purchasing an additional 303,421 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s 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 completion of the sale, the director now owns 12,310 shares in the company, valued at $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Robert Half Trading Up 0.0 %

Shares of Robert Half stock opened at $74.70 on Thursday. The company has a fifty day simple moving average of $69.55 and a 200-day simple moving average of $65.87. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 27.26 and a beta of 1.23. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39.

Robert Half (NYSE:RHI) last released 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 net margin of 4.84% and a return on equity of 18.78%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Robert Half’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

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

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock 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.