Robert Half Inc. (NYSE:RHI) Position Lessened by Quest Partners LLC

Quest Partners LLC cut its stake in Robert Half Inc. (NYSE:RHI) by 91.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,896 shares of the business services provider’s stock after selling 42,420 shares during the period. Quest Partners LLC’s holdings in Robert Half were worth $263,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RHI. Public Employees Retirement System of Ohio lifted its position in Robert Half by 2.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 55,685 shares of the business services provider’s stock valued at $4,415,000 after purchasing an additional 1,089 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Robert Half by 2.1% in the first quarter. California State Teachers Retirement System now owns 182,760 shares of the business services provider’s stock valued at $14,489,000 after purchasing an additional 3,737 shares during the period. Comerica Bank boosted its position in shares of Robert Half by 4.2% during the first quarter. Comerica Bank now owns 22,942 shares of the business services provider’s stock worth $1,819,000 after buying an additional 916 shares during the period. iA Global Asset Management Inc. grew its holdings in Robert Half by 167.3% in the 1st quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider’s stock worth $1,698,000 after buying an additional 13,404 shares in the last quarter. Finally, Wahed Invest LLC increased its position in Robert Half by 13.7% in the 1st quarter. Wahed Invest LLC now owns 1,998 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 240 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price target 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 given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $69.00.

Robert Half Price Performance

Shares of NYSE:RHI opened at $74.70 on Wednesday. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 27.26 and a beta of 1.23. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39. The stock’s 50 day moving average price is $69.33 and its 200 day moving average price is $65.84.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping 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 company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts expect 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. Stockholders of record on Monday, November 25th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.84%. Robert Half’s dividend payout ratio (DPR) is 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.