Public Sector Pension Investment Board Sells 10,500 Shares of Robert Half Inc. (NYSE:RHI)

Public Sector Pension Investment Board reduced its stake in shares of Robert Half Inc. (NYSE:RHI) by 4.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 216,996 shares of the business services provider’s stock after selling 10,500 shares during the period. Public Sector Pension Investment Board’s holdings in Robert Half were worth $14,628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RHI. Blue Trust Inc. boosted its holdings in Robert Half by 489.4% in the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after buying an additional 323 shares during the period. V Square Quantitative Management LLC bought a new position in Robert Half in the 3rd quarter valued at $27,000. Private Trust Co. NA boosted its holdings in 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 purchasing an additional 192 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of Robert Half during the 3rd quarter valued at $34,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Robert Half during the 2nd quarter valued at $35,000. 92.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on shares of 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 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, the stock currently has a consensus rating of “Hold” and an average target price of $69.00.

Robert Half Stock Up 0.0 %

Shares of NYSE:RHI opened at $74.70 on Friday. The stock has a market cap of $7.71 billion, a PE ratio of 27.26 and a beta of 1.23. The company’s fifty day moving average is $69.94 and its 200 day moving average is $65.99. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39.

Robert Half (NYSE:RHI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company 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 firm’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. Sell-side analysts anticipate that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be given a $0.53 dividend. 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 payout ratio is 77.37%.

Insider Buying and Selling at Robert Half

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 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 approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.