Advisors Asset Management Inc. Sells 1,270 Shares of Robert Half Inc. (NYSE:RHI)

Advisors Asset Management Inc. decreased its position in shares of Robert Half Inc. (NYSE:RHI) by 31.0% during the 3rd quarter, Holdings Channel reports. The fund owned 2,827 shares of the business services provider’s stock after selling 1,270 shares during the quarter. Advisors Asset Management Inc.’s holdings in Robert Half were worth $191,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RHI. Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 323 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Robert Half during the 3rd quarter worth $27,000. Reston Wealth Management LLC bought a new position in Robert Half during the third quarter worth about $34,000. Versant Capital Management Inc acquired a new position in Robert Half in the second quarter valued at about $35,000. Finally, Family Firm Inc. bought a new stake in shares of Robert Half in the second quarter worth about $45,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Down 0.1 %

RHI stock opened at $74.61 on Friday. The stock has a 50-day moving average price of $70.10 and a two-hundred day moving average price of $66.02. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The stock has a market cap of $7.70 billion, a PE ratio of 27.23 and a beta of 1.23.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $0.90 earnings per share. Robert Half’s quarterly revenue was down 6.3% on a year-over-year basis. On average, analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.84%. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.00.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

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.