Jacobs Levy Equity Management Inc. Has $90.53 Million Holdings in Robert Half Inc. (NYSE:RHI)

Jacobs Levy Equity Management Inc. grew its stake in Robert Half Inc. (NYSE:RHI) by 20.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,343,030 shares of the business services provider’s stock after purchasing an additional 225,210 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.30% of Robert Half worth $90,534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Comerica Bank raised its stake in shares of Robert Half by 4.2% in the first quarter. Comerica Bank now owns 22,942 shares of the business services provider’s stock worth $1,819,000 after acquiring an additional 916 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Robert Half by 69.6% in the first quarter. Cetera Investment Advisers now owns 64,729 shares of the business services provider’s stock worth $5,132,000 after purchasing an additional 26,561 shares in the last quarter. Versant Capital Management Inc bought a new stake in Robert Half during the second quarter worth $35,000. CWM LLC raised its position in Robert Half by 78.0% during the second quarter. CWM LLC now owns 15,813 shares of the business services provider’s stock worth $1,012,000 after acquiring an additional 6,927 shares in the last quarter. Finally, Abacus Wealth Partners LLC bought a new stake in Robert Half during the second quarter worth $424,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Robert Half 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 transaction of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares in the company, valued at $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

Robert Half Price Performance

NYSE RHI opened at $74.54 on Tuesday. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 27.20 and a beta of 1.24. The company has a fifty day moving average price of $70.23 and a 200-day moving average price of $65.96.

Robert Half (NYSE:RHI) last released 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. 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 for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year. On average, research analysts anticipate that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.53 per share. 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 (DPR) is presently 77.37%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note 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 stock. Based on data from MarketBeat, Robert Half presently has a consensus rating of “Hold” and an average target price of $69.00.

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.