Janus Henderson Group PLC Buys 413,664 Shares of Robert Half Inc. (NYSE:RHI)

Janus Henderson Group PLC boosted its stake in Robert Half Inc. (NYSE:RHI) by 828.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 463,570 shares of the business services provider’s stock after purchasing an additional 413,664 shares during the quarter. Janus Henderson Group PLC owned approximately 0.45% of Robert Half worth $31,249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in RHI. HighTower Advisors LLC lifted its holdings in shares of Robert Half by 11.1% in the third quarter. HighTower Advisors LLC now owns 36,048 shares of the business services provider’s stock worth $2,436,000 after buying an additional 3,606 shares in the last quarter. Holocene Advisors LP increased its holdings in Robert Half by 2.0% during the 3rd quarter. Holocene Advisors LP now owns 139,244 shares of the business services provider’s stock worth $9,386,000 after acquiring an additional 2,717 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in Robert Half by 34.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 27,183 shares of the business services provider’s stock worth $1,832,000 after purchasing an additional 6,918 shares in the last quarter. True Wealth Design LLC bought a new position in Robert Half in the 3rd quarter valued at $60,000. Finally, Edgestream Partners L.P. boosted its holdings in Robert Half by 216.3% in the 3rd quarter. Edgestream Partners L.P. now owns 42,758 shares of the business services provider’s stock valued at $2,882,000 after purchasing an additional 29,240 shares during the period. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Robert Half stock opened at $74.34 on Friday. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The firm’s fifty day moving average price is $70.78 and its 200-day moving average price is $66.12. The stock has a market cap of $7.68 billion, a P/E ratio of 27.13 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, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.47 billion during 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%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share. On average, analysts predict that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half’s payout ratio is currently 77.37%.

Insiders Place Their Bets

In related news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction on Tuesday, November 26th. The shares were 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. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $69.00.

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.