Robert Half Inc. (NYSE:RHI) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its holdings in Robert Half Inc. (NYSE:RHI) by 98.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 560 shares of the business services provider’s stock after selling 38,087 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Robert Half were worth $38,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake 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 lifted its holdings in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Robert Half during the 3rd quarter valued at approximately $34,000. Finally, GAMMA Investing LLC grew 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 worth $46,000 after buying an additional 179 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’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 sale, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Robert Half Price Performance

RHI opened at $76.10 on Monday. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39. The business has a 50 day moving average price of $71.62 and a two-hundred day moving average price of $66.42. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 27.77 and a beta of 1.24.

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

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were given a $0.53 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.79%. Robert Half’s dividend payout ratio (DPR) is 77.37%.

Wall Street Analyst Weigh In

RHI has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and raised their price target for the company from $62.00 to $90.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $73.67.

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.