Bamco Inc. NY Decreases Holdings in Robert Half Inc. (NYSE:RHI)

Bamco Inc. NY trimmed its holdings in shares of Robert Half Inc. (NYSE:RHI) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,707 shares of the business services provider’s stock after selling 500 shares during the period. Bamco Inc. NY’s holdings in Robert Half were worth $4,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of RHI. Blue Trust Inc. lifted its holdings in Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after buying an additional 323 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Robert Half during the 3rd quarter worth about $27,000. Private Trust Co. NA lifted its holdings in Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after buying an additional 192 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in Robert Half during the 3rd quarter worth about $34,000. Finally, Family Firm Inc. purchased a new stake in Robert Half during the 2nd quarter worth about $45,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their target price 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. One research 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, Robert Half has an average rating of “Hold” and an average target price of $69.00.

Insider Activity at Robert Half

In related 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 value of $76,729.20. Following the transaction, the director now owns 12,310 shares in the company, valued at $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.

Robert Half Stock Performance

RHI opened at $73.36 on Wednesday. The business’s 50-day simple moving average is $70.33 and its 200-day simple moving average is $65.98. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The stock has a market capitalization of $7.57 billion, a P/E ratio of 26.77 and a beta of 1.24.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.47 billion for 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 firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. On average, equities research analysts forecast that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.89%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is presently 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.