Robert Half Inc. (NYSE:RHI) Shares Sold by Assetmark Inc.

Assetmark Inc. reduced its position in shares of Robert Half Inc. (NYSE:RHI) by 99.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,180 shares of the business services provider’s stock after selling 455,607 shares during the period. Assetmark Inc.’s holdings in Robert Half were worth $147,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake 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 acquiring an additional 323 shares during the period. V Square Quantitative Management LLC acquired a new position in Robert Half during the 3rd quarter valued at approximately $27,000. Reston Wealth Management LLC bought a new position in Robert Half during the 3rd quarter worth $34,000. Versant Capital Management Inc acquired a new stake in Robert Half in the second quarter worth $35,000. Finally, Family Firm Inc. bought a new stake in Robert Half in the second quarter valued at $45,000. 92.41% of the stock is currently owned by institutional investors.

Robert Half Trading Down 2.6 %

Shares of Robert Half stock opened at $73.42 on Monday. The company has a market cap of $7.58 billion, a P/E ratio of 26.80 and a beta of 1.23. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The stock has a 50-day moving average price of $68.00 and a 200 day moving average price of $65.69.

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, beating analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business posted $0.90 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts forecast that Robert Half Inc. will post 2.45 earnings per share 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. Shareholders of record on Monday, November 25th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Analysts Set New Price Targets

Several brokerages have commented on RHI. JPMorgan Chase & Co. dropped 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. BMO Capital Markets cut their price objective on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. Barclays cut their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. Finally, Truist Financial lowered their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Robert Half 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.