Robert Half Inc. (NYSE:RHI) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its position in shares of Robert Half Inc. (NYSE:RHI) by 12.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,886 shares of the business services provider’s stock after selling 5,293 shares during the quarter. Natixis Advisors LLC’s holdings in Robert Half were worth $2,554,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after purchasing an additional 323 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Robert Half during the third quarter worth about $27,000. Reston Wealth Management LLC acquired a new stake in shares of Robert Half in the 3rd quarter worth about $34,000. Versant Capital Management Inc acquired a new stake in shares of Robert Half in the 2nd quarter worth about $35,000. Finally, GAMMA Investing LLC boosted its stake in Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Price Performance

RHI opened at $74.64 on Monday. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 27.24 and a beta of 1.23. The firm 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 quarterly earnings data 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 net margin of 4.84% and a return on equity of 18.78%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned $0.90 EPS. Robert Half’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, analysts expect 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. Investors of record on Monday, November 25th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half’s dividend payout ratio is presently 77.37%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price objective on shares of 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 analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.00.

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.