Robert Half Inc. (NYSE:RHI) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its holdings in shares of Robert Half Inc. (NYSE:RHI) by 1.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,045 shares of the business services provider’s stock after selling 153 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Robert Half were worth $812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Chase Investment Counsel Corp increased 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. Victory Capital Management Inc. raised its holdings in shares of Robert Half by 32.7% in the third quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider’s stock worth $41,373,000 after acquiring an additional 151,261 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of Robert Half by 79.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 12,813 shares of the business services provider’s stock worth $864,000 after acquiring an additional 5,679 shares during the last quarter. WCM Investment Management LLC lifted its position in shares of Robert Half by 345.1% in the third quarter. WCM Investment Management LLC now owns 18,735 shares of the business services provider’s stock valued at $1,262,000 after acquiring an additional 14,526 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Robert Half by 310.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock worth $54,000 after purchasing an additional 602 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Down 2.8 %

NYSE:RHI opened at $71.32 on Wednesday. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The firm’s 50 day moving average is $68.41 and its two-hundred day moving average is $65.73. The company has a market cap of $7.36 billion, a P/E ratio of 26.03 and a beta of 1.23.

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

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half’s payout ratio is currently 77.37%.

Wall Street Analysts Forecast Growth

RHI has been the topic of a number of recent research reports. Truist Financial reduced their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. decreased 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. BMO Capital Markets cut their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Finally, Barclays decreased their price objective on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a 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 issued a buy rating to the stock. Based on data from MarketBeat.com, Robert Half currently has a consensus rating of “Hold” and an average price target of $69.00.

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.