Swiss National Bank Sells 2,100 Shares of Robert Half Inc. (NYSE:RHI)

Swiss National Bank reduced its holdings in shares of Robert Half Inc. (NYSE:RHI) by 1.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 204,900 shares of the business services provider’s stock after selling 2,100 shares during the period. Swiss National Bank owned about 0.20% of Robert Half worth $13,812,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of Robert Half by 35.6% during the 3rd 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. BOKF NA raised its position in Robert Half by 2.1% during the 1st quarter. BOKF NA now owns 10,383 shares of the business services provider’s stock valued at $812,000 after purchasing an additional 216 shares in the last quarter. Isthmus Partners LLC raised its position in Robert Half by 3.3% during the 2nd quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider’s stock valued at $453,000 after purchasing an additional 229 shares in the last quarter. Wahed Invest LLC raised its position in Robert Half by 13.7% during the 1st quarter. Wahed Invest LLC now owns 1,998 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 240 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in Robert Half by 0.4% during the 1st quarter. Toronto Dominion Bank now owns 60,014 shares of the business services provider’s stock valued at $4,758,000 after purchasing an additional 266 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Trading Up 1.3 %

Shares of NYSE:RHI opened at $74.64 on Friday. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39. The business’s fifty day simple moving average is $68.85 and its 200-day simple moving average is $65.83. The company has a market capitalization of $7.71 billion, a PE ratio of 27.30 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $0.90 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Research analysts predict that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid 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 yield of 2.84%. Robert Half’s dividend payout ratio (DPR) is 77.37%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial decreased their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. decreased their target price 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. Finally, Barclays decreased their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. One equities 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.