SG Americas Securities LLC Has $250,000 Stock Holdings in Robert Half Inc. (NYSE:RHI)

SG Americas Securities LLC decreased its position in shares of Robert Half Inc. (NYSE:RHI) by 88.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,703 shares of the business services provider’s stock after selling 27,587 shares during the period. SG Americas Securities LLC’s holdings in Robert Half were worth $250,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Fidelis Capital Partners LLC bought a new position in Robert Half in the first quarter valued at about $26,000. Blue Trust Inc. lifted its stake in shares of Robert Half by 489.4% in 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. Versant Capital Management Inc bought a new stake in Robert Half in the second quarter worth approximately $35,000. Family Firm Inc. bought a new position in shares of Robert Half in the 2nd quarter worth $45,000. Finally, Institutional & Family Asset Management LLC acquired a new position in shares of Robert Half during the second quarter valued at about $63,000. Institutional investors own 92.41% of the company’s stock.

Insider Activity

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the transaction, the director now owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

RHI has been the topic of several analyst reports. Barclays cut their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Truist Financial decreased their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Finally, BMO Capital Markets decreased their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Robert Half has a consensus rating of “Hold” and an average price target of $67.86.

Robert Half Stock Down 1.1 %

Shares of RHI opened at $65.56 on Tuesday. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The stock has a market capitalization of $6.88 billion, a P/E ratio of 19.63 and a beta of 1.23. The firm has a fifty day simple moving average of $64.46 and a two-hundred day simple moving average of $65.70.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. Sell-side analysts expect that Robert Half Inc. will post 2.51 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.53 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.23%. Robert Half’s dividend payout ratio is currently 63.47%.

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.