Quantbot Technologies LP Cuts Stock Position in Robert Half Inc. (NYSE:RHI)

Quantbot Technologies LP lessened its position in Robert Half Inc. (NYSE:RHI) by 65.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,247 shares of the business services provider’s stock after selling 86,182 shares during the quarter. Quantbot Technologies LP’s holdings in Robert Half were worth $3,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA raised 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 valued at $29,000 after buying an additional 192 shares during the period. Algert Global LLC raised its holdings in shares of Robert Half by 166.8% in the 3rd quarter. Algert Global LLC now owns 28,246 shares of the business services provider’s stock valued at $1,904,000 after buying an additional 17,660 shares during the period. Cerity Partners LLC raised its holdings in shares of Robert Half by 106.9% in the 3rd quarter. Cerity Partners LLC now owns 53,990 shares of the business services provider’s stock valued at $3,639,000 after buying an additional 27,891 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Robert Half by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock valued at $221,442,000 after buying an additional 159,750 shares during the period. Finally, Integrated Investment Consultants LLC purchased a new stake in shares of Robert Half in the 3rd quarter valued at $327,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

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 for the company in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Robert Half currently has a consensus rating of “Hold” and a consensus target price of $69.00.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the transaction, the director now directly owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

Robert Half Price Performance

RHI opened at $74.70 on Thursday. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 27.26 and a beta of 1.23. The business has a fifty day moving average price of $69.55 and a 200 day moving average price of $65.87.

Robert Half (NYSE:RHI) last released its earnings results 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 18.78% and a net margin of 4.84%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm posted $0.90 EPS. Robert Half’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, research analysts anticipate that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

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 given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.84%. Robert Half’s dividend payout ratio is currently 77.37%.

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.