Public Sector Pension Investment Board Sells 10,500 Shares of Robert Half Inc. (NYSE:RHI)

Public Sector Pension Investment Board lowered its position in shares of Robert Half Inc. (NYSE:RHI) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,996 shares of the business services provider’s stock after selling 10,500 shares during the quarter. Public Sector Pension Investment Board owned about 0.21% of Robert Half worth $14,628,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RHI. Public Employees Retirement System of Ohio boosted its position in Robert Half by 2.0% during the first quarter. Public Employees Retirement System of Ohio now owns 55,685 shares of the business services provider’s stock valued at $4,415,000 after acquiring an additional 1,089 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Robert Half by 2.1% during the 1st quarter. California State Teachers Retirement System now owns 182,760 shares of the business services provider’s stock worth $14,489,000 after purchasing an additional 3,737 shares in the last quarter. Comerica Bank boosted its position in shares of Robert Half by 4.2% during the 1st quarter. Comerica Bank now owns 22,942 shares of the business services provider’s stock worth $1,819,000 after purchasing an additional 916 shares in the last quarter. Wahed Invest LLC boosted its position in shares of Robert Half by 13.7% during the 1st quarter. Wahed Invest LLC now owns 1,998 shares of the business services provider’s stock worth $158,000 after purchasing an additional 240 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Robert Half during the 1st quarter worth about $32,031,000. Institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

RHI opened at $74.70 on Friday. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The firm has a market capitalization of $7.71 billion, a PE ratio of 27.26 and a beta of 1.23. The company’s 50-day moving average is $69.94 and its 200 day moving average is $65.99.

Robert Half (NYSE:RHI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. As a group, analysts expect that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

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 $0.53 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.84%. Robert Half’s dividend payout ratio (DPR) is 77.37%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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 stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

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.