Quantbot Technologies LP Trims Holdings in Robert Half Inc. (NYSE:RHI)

Quantbot Technologies LP trimmed its stake in shares of Robert Half Inc. (NYSE:RHI) by 65.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,247 shares of the business services provider’s stock after selling 86,182 shares during the period. Quantbot Technologies LP’s holdings in Robert Half were worth $3,118,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RHI. Thrivent Financial for Lutherans grew its holdings in Robert Half by 27,895.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock worth $79,652,000 after acquiring an additional 1,240,492 shares during the period. Mawer Investment Management Ltd. grew its holdings in Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after acquiring an additional 1,049,005 shares during the period. AQR Capital Management LLC grew its holdings in Robert Half by 101.0% during the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock worth $99,439,000 after acquiring an additional 786,031 shares during the period. Pacer Advisors Inc. grew its holdings in Robert Half by 54.7% during the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock worth $104,218,000 after acquiring an additional 575,879 shares during the period. Finally, Miller Howard Investments Inc. NY acquired a new stake in Robert Half during the second quarter worth about $35,357,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Robert Half

In related 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

Robert Half Trading Up 0.0 %

Shares of 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’s 50 day moving average is $69.55 and its two-hundred day moving average is $65.87. The firm has a market cap of $7.71 billion, a P/E ratio of 27.26 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. Robert Half’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. Equities research analysts forecast that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio is presently 77.37%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $69.00.

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.