Mutual of America Capital Management LLC Sells 1,603 Shares of Robert Half Inc. (NYSE:RHI)

Mutual of America Capital Management LLC cut its position in Robert Half Inc. (NYSE:RHI) by 9.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,387 shares of the business services provider’s stock after selling 1,603 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Robert Half were worth $1,037,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Robert Half by 489.4% during the 2nd 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 last quarter. V Square Quantitative Management LLC bought a new stake in shares of Robert Half during the third quarter worth $27,000. Reston Wealth Management LLC bought a new stake in shares of Robert Half during the third quarter worth $34,000. Versant Capital Management Inc acquired a new stake in shares of Robert Half in the second quarter valued at $35,000. Finally, GAMMA Investing LLC raised its holdings in shares of Robert Half by 35.6% in the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after buying an additional 179 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Up 2.3 %

RHI stock opened at $75.80 on Tuesday. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The company has a market cap of $7.83 billion, a P/E ratio of 27.79 and a beta of 1.23. The business has a fifty day moving average of $69.08 and a 200-day moving average of $65.80.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share 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 firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the business posted $0.90 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be issued a $0.53 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.80%. Robert Half’s dividend payout ratio is currently 77.37%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price objective on shares of 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.com, Robert Half currently has a consensus rating of “Hold” and an average target price of $69.00.

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.