Bank of Montreal Can Cuts Position in Robert Half Inc. (NYSE:RHI)

Bank of Montreal Can decreased its holdings in Robert Half Inc. (NYSE:RHI) by 46.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,488 shares of the business services provider’s stock after selling 39,896 shares during the quarter. Bank of Montreal Can’s holdings in Robert Half were worth $3,132,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its position in shares of Robert Half by 27,895.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock valued at $79,652,000 after buying an additional 1,240,492 shares in the last quarter. Mawer Investment Management Ltd. increased its position in shares of Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after buying an additional 1,049,005 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Robert Half by 101.0% in the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after buying an additional 786,031 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Robert Half by 54.7% in the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock valued at $104,218,000 after buying an additional 575,879 shares in the last quarter. Finally, Miller Howard Investments Inc. NY purchased a new position in shares of Robert Half in the second quarter valued at $35,357,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.00.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now directly owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Robert Half Trading Up 1.4 %

Robert Half stock opened at $74.42 on Thursday. The stock has a market cap of $7.68 billion, a PE ratio of 27.16 and a beta of 1.24. The stock has a 50-day moving average price of $70.50 and a 200 day moving average price of $66.04. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 EPS. On average, equities analysts predict that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half’s payout ratio is 77.37%.

Robert Half 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.