Robert Half Inc. (NYSE:RHI) Shares Sold by Weiss Asset Management LP

Weiss Asset Management LP decreased its position in shares of Robert Half Inc. (NYSE:RHI) by 14.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,468 shares of the business services provider’s stock after selling 34,005 shares during the quarter. Weiss Asset Management LP’s holdings in Robert Half were worth $13,176,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in RHI. Mawer Investment Management Ltd. raised its position in shares of Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after acquiring an additional 1,049,005 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Robert Half by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock valued at $221,442,000 after buying an additional 159,750 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Robert Half by 54.7% in the 2nd 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 during the last quarter. AQR Capital Management LLC grew its position in 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 worth $99,439,000 after acquiring an additional 786,031 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Robert Half by 17.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,502 shares of the business services provider’s stock valued at $98,687,000 after acquiring an additional 231,129 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 value of $76,729.20. Following the transaction, the director now owns 12,310 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Robert Half Stock Performance

NYSE:RHI opened at $74.12 on Friday. The stock has a 50-day simple moving average of $70.64 and a 200-day simple moving average of $66.10. The stock has a market cap of $7.65 billion, a P/E ratio of 27.05 and a beta of 1.24. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. On average, equities research analysts predict that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be paid a $0.53 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.86%. Robert Half’s dividend payout ratio is presently 77.37%.

Analyst Ratings Changes

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