Avior Wealth Management LLC Sells 180 Shares of Robert Half Inc. (NYSE:RHI)

Avior Wealth Management LLC cut its holdings in shares of Robert Half Inc. (NYSE:RHI) by 28.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 444 shares of the business services provider’s stock after selling 180 shares during the quarter. Avior Wealth Management LLC’s holdings in Robert Half were worth $30,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of 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 purchasing an additional 323 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Robert Half in the 3rd quarter valued at about $27,000. Reston Wealth Management LLC acquired a new position in Robert Half in the 3rd quarter valued at about $34,000. Versant Capital Management Inc bought a new position in Robert Half in the 2nd quarter valued at about $35,000. Finally, GAMMA Investing LLC lifted its position in Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after acquiring an additional 179 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Up 2.3 %

Shares of RHI stock opened at $75.80 on Tuesday. The stock has a market cap of $7.83 billion, a P/E ratio of 27.66 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 simple moving average of $69.08 and a 200 day simple moving average of $65.80.

Robert Half (NYSE:RHI) last released 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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted $0.90 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. Analysts forecast that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.80%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio is currently 77.37%.

Analyst Ratings Changes

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

Robert Half 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.