20,265 Shares in Robert Half Inc. (NYSE:RHI) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new position in Robert Half Inc. (NYSE:RHI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,265 shares of the business services provider’s stock, valued at approximately $1,297,000.

Other large investors have also modified their holdings of the company. Point72 Hong Kong Ltd lifted its stake in Robert Half by 878.8% in the second quarter. Point72 Hong Kong Ltd now owns 93,600 shares of the business services provider’s stock worth $5,989,000 after acquiring an additional 84,037 shares during the last quarter. Distillate Capital Partners LLC acquired a new stake in Robert Half in the second quarter valued at $13,118,000. Kiltearn Partners LLP purchased a new stake in Robert Half during the 2nd quarter worth about $23,270,000. Point72 DIFC Ltd boosted its position in shares of Robert Half by 82.9% during the 2nd quarter. Point72 DIFC Ltd now owns 37,750 shares of the business services provider’s stock worth $2,415,000 after acquiring an additional 17,109 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Robert Half by 166.7% during the 2nd quarter. Marshall Wace LLP now owns 475,807 shares of the business services provider’s stock worth $30,442,000 after acquiring an additional 297,372 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Trading Down 0.4 %

Robert Half stock opened at $67.99 on Wednesday. The stock has a 50 day moving average of $63.02 and a two-hundred day moving average of $67.27. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 5.98 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.05). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. Robert Half’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 earnings per share. Equities analysts predict that Robert Half Inc. will post 2.52 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.12%. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Insider Buying and Selling

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the transaction, the director now directly owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RHI has been the topic of a number of research analyst reports. Barclays cut their price objective on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. JPMorgan Chase & Co. cut their target price on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, June 11th. Finally, BMO Capital Markets cut their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Robert Half has an average rating of “Hold” and a consensus target price of $67.86.

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.