Worldquant Millennium Advisors LLC Sells 391,315 Shares of Robert Half Inc. (NYSE:RHI)

Worldquant Millennium Advisors LLC lowered its position in Robert Half Inc. (NYSE:RHI) by 84.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 74,676 shares of the business services provider’s stock after selling 391,315 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Robert Half were worth $5,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of RHI. CWM LLC lifted 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 valued at $1,012,000 after purchasing an additional 6,927 shares in the last quarter. SG Americas Securities LLC lifted its position in Robert Half by 2.8% during the second quarter. SG Americas Securities LLC now owns 31,290 shares of the business services provider’s stock valued at $2,002,000 after purchasing an additional 861 shares in the last quarter. Martin Capital Partners LLC lifted its position in Robert Half by 0.7% during the second quarter. Martin Capital Partners LLC now owns 65,773 shares of the business services provider’s stock valued at $4,208,000 after purchasing an additional 445 shares in the last quarter. M&G Plc purchased a new position in Robert Half during the second quarter valued at $294,000. Finally, Blue Trust Inc. lifted its position in Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 323 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Stock Up 0.3 %

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

Robert Half (NYSE:RHI) last issued its 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. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. On average, equities analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The company 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 $0.53 dividend. 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%.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’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 sale, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.