Robert Half Inc. (NYSE:RHI) Director Dirk A. Kempthorne Sells 1,032 Shares

Robert Half Inc. (NYSE:RHI) Director Dirk A. Kempthorne sold 1,032 shares of the firm’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 transaction, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Robert Half Trading Up 0.0 %

Robert Half stock traded up $0.01 during midday trading on Wednesday, hitting $74.70. 609,731 shares of the stock were exchanged, compared to its average volume of 1,377,172. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 27.26 and a beta of 1.23. The stock’s 50-day simple moving average is $69.55 and its 200 day simple moving average is $65.87.

Robert Half (NYSE:RHI) last released its quarterly earnings data 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 net margin of 4.84% and a return on equity of 18.78%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business earned $0.90 earnings per share. Robert Half’s revenue was down 6.3% compared to the same quarter last year. Equities analysts anticipate that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Announces Dividend

The business 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 dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half’s dividend payout ratio is presently 77.37%.

Institutional Investors Weigh In On Robert Half

A number of institutional investors have recently made changes to their positions in RHI. Thrivent Financial for Lutherans increased its position in shares of Robert Half by 27,895.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock valued at $79,652,000 after acquiring an additional 1,240,492 shares during the last quarter. Mawer Investment Management Ltd. increased its position in shares of Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after acquiring an additional 1,049,005 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Robert Half by 101.0% in the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after purchasing an additional 786,031 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Robert Half in the third quarter valued at approximately $41,096,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Robert Half by 54.7% in the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock valued at $104,218,000 after purchasing an additional 575,879 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.