Natixis Advisors LLC Sells 5,293 Shares of Robert Half Inc. (NYSE:RHI)

Natixis Advisors LLC decreased its holdings in Robert Half Inc. (NYSE:RHI) by 12.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,886 shares of the business services provider’s stock after selling 5,293 shares during the period. Natixis Advisors LLC’s holdings in Robert Half were worth $2,554,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RHI. Boston Partners raised its stake in Robert Half by 14.7% in the 1st quarter. Boston Partners now owns 3,749,749 shares of the business services provider’s stock valued at $296,963,000 after acquiring an additional 479,384 shares during the period. Pacer Advisors Inc. raised 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 purchasing an additional 575,879 shares during the period. AQR Capital Management LLC lifted its stake in shares of Robert Half by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock worth $99,439,000 after buying an additional 786,031 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Robert Half by 17.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,502 shares of the business services provider’s stock valued at $98,687,000 after buying an additional 231,129 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Robert Half by 27,895.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock valued at $79,652,000 after acquiring an additional 1,240,492 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Robert Half Trading Up 1.3 %

Shares of RHI opened at $74.64 on Monday. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39. The firm’s 50 day moving average is $69.08 and its 200-day moving average is $65.80. The stock has a market capitalization of $7.71 billion, a PE ratio of 27.24 and a beta of 1.23.

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 for the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. Equities research analysts predict that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

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

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.