835 Shares in Robert Half Inc. (NYSE:RHI) Bought by Brooklyn Investment Group

Brooklyn Investment Group bought a new position in Robert Half Inc. (NYSE:RHI) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 835 shares of the business services provider’s stock, valued at approximately $56,000.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after purchasing an additional 179 shares during the period. Private Trust Co. NA boosted its holdings in shares of Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. Isthmus Partners LLC boosted its holdings in shares of Robert Half by 3.3% during the second quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider’s stock worth $453,000 after purchasing an additional 229 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Robert Half by 7.3% during the second quarter. Farther Finance Advisors LLC now owns 4,134 shares of the business services provider’s stock worth $263,000 after purchasing an additional 281 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Robert Half by 0.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 30,957 shares of the business services provider’s stock worth $2,087,000 after purchasing an additional 290 shares during the period. Institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their target price 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 research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Robert Half presently has a consensus rating of “Hold” and an average price target of $69.00.

Robert Half Price Performance

Shares of RHI opened at $74.61 on Friday. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The company has a 50-day simple moving average of $70.10 and a two-hundred day simple moving average of $66.02. The firm has a market capitalization of $7.70 billion, a PE ratio of 27.23 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, topping the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted $0.90 earnings per share. Robert Half’s quarterly revenue was down 6.3% compared to the same quarter last year. Analysts expect that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Dividend Announcement

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

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

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.