Robert Half Inc. (NYSE:RHI) Shares Sold by First National Bank of Omaha

First National Bank of Omaha trimmed its position in Robert Half Inc. (NYSE:RHI) by 0.7% during the third quarter, Holdings Channel.com reports. The firm owned 130,375 shares of the business services provider’s stock after selling 861 shares during the period. First National Bank of Omaha’s holdings in Robert Half were worth $8,789,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its holdings 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 buying an additional 323 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Robert Half in the 3rd quarter valued at about $27,000. Private Trust Co. NA increased its holdings in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Robert Half during the 3rd quarter worth about $34,000. Finally, Family Firm Inc. purchased a new stake in Robert Half during the second quarter worth approximately $45,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Up 0.3 %

NYSE:RHI opened at $74.34 on Friday. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39. The stock’s 50 day moving average price is $70.78 and its 200 day moving average price is $66.11. The company has a market capitalization of $7.68 billion, a PE ratio of 27.13 and a beta of 1.24.

Robert Half (NYSE:RHI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 EPS. As a group, sell-side analysts anticipate that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Announces Dividend

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 paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.85%. Robert Half’s dividend payout ratio (DPR) is 77.37%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $69.00.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s 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 completion of the sale, the director now owns 12,310 shares in the company, valued at $915,248.50. This 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 available 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.