Robert Half Inc. (NYSE:RHI) Stock Position Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Robert Half Inc. (NYSE:RHI) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,387 shares of the business services provider’s stock after selling 1,603 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Robert Half were worth $1,037,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RHI. Seizert Capital Partners LLC increased its stake in shares of Robert Half by 20.4% in the third quarter. Seizert Capital Partners LLC now owns 547,084 shares of the business services provider’s stock worth $36,879,000 after acquiring an additional 92,815 shares during the last quarter. Empowered Funds LLC increased its position in Robert Half by 6.9% in the 3rd quarter. Empowered Funds LLC now owns 43,373 shares of the business services provider’s stock worth $2,924,000 after purchasing an additional 2,805 shares during the last quarter. Royce & Associates LP increased its position in Robert Half by 142.3% in the 3rd quarter. Royce & Associates LP now owns 11,685 shares of the business services provider’s stock worth $788,000 after purchasing an additional 6,863 shares during the last quarter. Chase Investment Counsel Corp raised its stake in shares of Robert Half by 21.4% during the 3rd quarter. Chase Investment Counsel Corp now owns 17,000 shares of the business services provider’s stock worth $1,145,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Robert Half by 32.7% during the 3rd quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider’s stock valued at $41,373,000 after buying an additional 151,261 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their target price 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 investment 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, Robert Half currently has an average rating of “Hold” and a consensus target price of $69.00.

Robert Half Price Performance

RHI opened at $75.80 on Tuesday. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The company has a market capitalization of $7.83 billion, a P/E ratio of 27.79 and a beta of 1.23. The firm’s fifty day moving average price is $69.08 and its two-hundred day moving average price is $65.80.

Robert Half (NYSE:RHI) last posted its earnings results 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 business 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 for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 earnings per share. On average, equities research analysts expect that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.80%. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Robert Half Company Profile

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.