Fmr LLC Trims Stock Holdings in Robert Half Inc. (NYSE:RHI)

Fmr LLC reduced its holdings in Robert Half Inc. (NYSE:RHI) by 52.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,388 shares of the business services provider’s stock after selling 38,139 shares during the quarter. Fmr LLC’s holdings in Robert Half were worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted 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 valued at $25,000 after purchasing an additional 323 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Robert Half in the 3rd quarter worth approximately $27,000. Private Trust Co. NA lifted its holdings in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Robert Half in the 3rd quarter worth approximately $34,000. Finally, Family Firm Inc. acquired a new stake in Robert Half in the 2nd quarter valued at approximately $45,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Up 0.8 %

Shares of Robert Half stock opened at $76.10 on Friday. The stock has a market cap of $7.86 billion, a PE ratio of 27.77 and a beta of 1.24. The business has a fifty day simple moving average of $71.62 and a 200-day simple moving average of $66.41. 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 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 business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. Analysts expect that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were issued a dividend of $0.53 per share. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.79%. Robert Half’s dividend payout ratio (DPR) is currently 77.37%.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction 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. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

RHI has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and raised their price objective for the stock from $62.00 to $90.00 in a research note on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Robert Half has a consensus rating of “Hold” and a consensus target price of $73.67.

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.