Insider Selling: Robert Half Inc. (NYSE:RHI) Director Sells 1,032 Shares of Stock

Robert Half Inc. (NYSE:RHI) Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Robert Half Stock Down 0.1 %

NYSE:RHI opened at $74.61 on Friday. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39. The firm has a market capitalization of $7.70 billion, a PE ratio of 27.23 and a beta of 1.23. The firm has a 50-day moving average price of $70.10 and a 200 day moving average price of $66.02.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business posted $0.90 earnings per share. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, research analysts expect that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.84%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Robert Half has an average rating of “Hold” and an average price target of $69.00.

Institutional Trading of Robert Half

Several hedge funds have recently modified their holdings of RHI. Public Employees Retirement System of Ohio increased its holdings in shares of Robert Half by 2.0% during the first quarter. Public Employees Retirement System of Ohio now owns 55,685 shares of the business services provider’s stock worth $4,415,000 after buying an additional 1,089 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Robert Half by 2.1% during the first quarter. California State Teachers Retirement System now owns 182,760 shares of the business services provider’s stock worth $14,489,000 after buying an additional 3,737 shares in the last quarter. Comerica Bank increased its holdings 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 in the last quarter. iA Global Asset Management Inc. increased its holdings in shares of Robert Half by 167.3% during the first 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 holdings in shares of Robert Half by 13.7% during the first quarter. Wahed Invest LLC now owns 1,998 shares of the business services provider’s stock worth $158,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.