Assetmark Inc. Has $147,000 Stock Holdings in Robert Half Inc. (NYSE:RHI)

Assetmark Inc. reduced its position in shares of Robert Half Inc. (NYSE:RHI) by 99.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,180 shares of the business services provider’s stock after selling 455,607 shares during the quarter. Assetmark Inc.’s holdings in Robert Half were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in Robert Half by 489.4% in the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after buying an additional 323 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Robert Half in the third quarter valued at approximately $27,000. Reston Wealth Management LLC acquired a new stake in shares of Robert Half in the third quarter worth $34,000. Versant Capital Management Inc bought a new position in Robert Half during the second quarter worth $35,000. Finally, Family Firm Inc. bought a new position in Robert Half during the second quarter worth $45,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Down 2.6 %

Shares of RHI opened at $73.42 on Monday. The company has a 50-day moving average price of $68.00 and a two-hundred day moving average price of $65.69. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 26.80 and a beta of 1.23. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39.

Robert Half (NYSE:RHI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company earned $0.90 EPS. Robert Half’s revenue was down 6.3% on a year-over-year basis. Equities research analysts expect 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. Stockholders of record on Monday, November 25th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half’s payout ratio is 77.37%.

Analyst Ratings Changes

RHI has been the topic of several research analyst reports. 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 research report on Thursday, July 25th. Truist Financial reduced their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. JPMorgan Chase & Co. cut their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Barclays decreased their price objective on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Robert Half has an average rating of “Hold” and an average price target of $69.00.

Robert Half Company 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.