Point72 Asia Singapore Pte. Ltd. Increases Stock Holdings in Robert Half Inc. (NYSE:RHI)

Point72 Asia Singapore Pte. Ltd. increased its holdings in Robert Half Inc. (NYSE:RHI) by 34.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,183 shares of the business services provider’s stock after acquiring an additional 6,918 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Robert Half were worth $1,832,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RHI. True Wealth Design LLC purchased a new position in Robert Half during the third quarter valued at $60,000. Edgestream Partners L.P. lifted its position in Robert Half by 216.3% during the third quarter. Edgestream Partners L.P. now owns 42,758 shares of the business services provider’s stock valued at $2,882,000 after buying an additional 29,240 shares during the period. Verition Fund Management LLC lifted its position in Robert Half by 73.4% during the third quarter. Verition Fund Management LLC now owns 54,817 shares of the business services provider’s stock valued at $3,695,000 after buying an additional 23,196 shares during the period. Captrust Financial Advisors lifted its position in Robert Half by 139.7% during the third quarter. Captrust Financial Advisors now owns 32,078 shares of the business services provider’s stock valued at $2,162,000 after buying an additional 18,697 shares during the period. Finally, Isthmus Partners LLC lifted its position in Robert Half by 11.8% during the third quarter. Isthmus Partners LLC now owns 7,912 shares of the business services provider’s stock valued at $533,000 after buying an additional 833 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price objective 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $69.00.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’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 sale, the director now directly owns 12,310 shares in the company, valued at $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Robert Half Stock Performance

NYSE RHI opened at $74.61 on Monday. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The stock has a 50-day moving average of $70.10 and a 200 day moving average of $65.94. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 27.23 and a beta of 1.23.

Robert Half (NYSE:RHI) last released 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 18.78% and a net margin of 4.84%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $0.90 EPS. Robert Half’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts predict that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company 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 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 dividend yield of 2.84%. Robert Half’s dividend payout ratio is currently 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.