DekaBank Deutsche Girozentrale Acquires 14,733 Shares of Robert Half Inc. (NYSE:RHI)

DekaBank Deutsche Girozentrale increased its holdings in Robert Half Inc. (NYSE:RHI) by 17.8% in the 3rd quarter, Holdings Channel reports. The fund owned 97,624 shares of the business services provider’s stock after buying an additional 14,733 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Robert Half were worth $6,537,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RHI. Blue Trust Inc. grew its holdings in Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after purchasing an additional 323 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Robert Half in the 1st quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new stake in shares of Robert Half in the 3rd quarter worth approximately $27,000. Versant Capital Management Inc bought a new position in Robert Half during the 2nd quarter valued at approximately $35,000. Finally, Family Firm Inc. purchased a new position in Robert Half during the second quarter valued at $45,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RHI shares. Barclays cut their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th. BMO Capital Markets cut their price objective on shares of 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. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Truist Financial decreased their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. Two investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.71.

Robert Half Trading Down 1.3 %

Shares of RHI stock opened at $68.11 on Friday. The stock has a market capitalization of $7.15 billion, a P/E ratio of 20.39 and a beta of 1.23. The firm’s 50 day moving average is $65.43 and its 200 day moving average is $65.47. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. Robert Half’s revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts predict that Robert Half Inc. will post 2.51 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

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.