Nomura Asset Management Co. Ltd. Has $38,000 Stock Position in Robert Half Inc. (NYSE:RHI)

Nomura Asset Management Co. Ltd. decreased its stake in Robert Half Inc. (NYSE:RHI) by 98.6% in the third quarter, Holdings Channel reports. The institutional investor owned 560 shares of the business services provider’s stock after selling 38,087 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Robert Half were worth $38,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 323 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Robert Half during the 2nd quarter worth about $483,000. Capital Investment Counsel Inc increased its holdings in shares of Robert Half by 15.6% during the 2nd quarter. Capital Investment Counsel Inc now owns 3,705 shares of the business services provider’s stock valued at $237,000 after acquiring an additional 500 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Robert Half by 14.5% in the 2nd quarter. Fifth Third Bancorp now owns 3,307 shares of the business services provider’s stock valued at $212,000 after acquiring an additional 419 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in Robert Half in the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of RHI opened at $76.10 on Monday. The company has a 50-day simple moving average of $71.62 and a 200-day simple moving average of $66.42. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39. The firm has a market capitalization of $7.86 billion, a P/E ratio of 27.77 and a beta of 1.24.

Robert Half (NYSE:RHI) last announced 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. 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 quarter last year, the company earned $0.90 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.79%. Robert Half’s dividend payout ratio is currently 77.37%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RHI. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and lifted their price target for the company from $62.00 to $90.00 in a research report on Friday. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $73.67.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now directly owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

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.