Robert Half Inc. (NYSE:RHI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in Robert Half Inc. (NYSE:RHI) by 40.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,400 shares of the business services provider’s stock after selling 11,701 shares during the quarter. BNP Paribas Financial Markets’ holdings in Robert Half were worth $1,173,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RHI. Blue Trust Inc. grew its holdings in Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after acquiring an additional 323 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Robert Half during the 3rd quarter worth approximately $27,000. Private Trust Co. NA increased its holdings in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Robert Half in the 3rd quarter valued at $34,000. Finally, GAMMA Investing LLC boosted its holdings 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 buying an additional 179 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Trading Up 1.1 %

RHI opened at $75.19 on Tuesday. The stock’s 50-day moving average price is $70.93 and its 200 day moving average price is $66.16. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of 27.44 and a beta of 1.24.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm 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 forecast that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio is presently 77.37%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the transaction, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by company insiders.

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.