Robert Half Inc. (NYSE:RHI) Stake Lowered by Atria Investments Inc

Atria Investments Inc cut its stake in shares of Robert Half Inc. (NYSE:RHI) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,075 shares of the business services provider’s stock after selling 289 shares during the quarter. Atria Investments Inc’s holdings in Robert Half were worth $207,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Boston Partners lifted its position in shares of Robert Half by 14.7% during the 1st quarter. Boston Partners now owns 3,749,749 shares of the business services provider’s stock valued at $296,963,000 after acquiring an additional 479,384 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Robert Half by 54.7% during the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock valued at $104,218,000 after acquiring an additional 575,879 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Robert Half by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after acquiring an additional 786,031 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Robert Half by 17.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,502 shares of the business services provider’s stock valued at $98,687,000 after acquiring an additional 231,129 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Robert Half by 27,895.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock valued at $79,652,000 after acquiring an additional 1,240,492 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price objective 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 assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $69.00.

Robert Half Stock Performance

Shares of Robert Half stock opened at $74.64 on Monday. The firm has a fifty day moving average of $69.08 and a two-hundred day moving average of $65.80. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 27.24 and a beta of 1.23. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the company earned $0.90 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, research analysts forecast that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Dividend Announcement

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 paid a $0.53 dividend. The ex-dividend date 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 currently 77.37%.

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.