Farther Finance Advisors LLC Sells 346 Shares of Robert Half Inc. (NYSE:RHI)

Farther Finance Advisors LLC reduced its stake in shares of Robert Half Inc. (NYSE:RHI) by 8.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,788 shares of the business services provider’s stock after selling 346 shares during the quarter. Farther Finance Advisors LLC’s holdings in Robert Half were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RHI. Quantbot Technologies LP acquired a new stake in shares of Robert Half during the 1st quarter worth approximately $1,686,000. Sei Investments Co. increased its holdings in Robert Half by 134.3% in the 1st quarter. Sei Investments Co. now owns 47,692 shares of the business services provider’s stock valued at $3,781,000 after buying an additional 27,334 shares during the period. QRG Capital Management Inc. raised its stake in shares of Robert Half by 98.6% in the 1st quarter. QRG Capital Management Inc. now owns 9,965 shares of the business services provider’s stock valued at $790,000 after buying an additional 4,947 shares in the last quarter. Qsemble Capital Management LP acquired a new position in shares of Robert Half in the 1st quarter valued at $1,454,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Robert Half by 62.4% during the 1st quarter. Russell Investments Group Ltd. now owns 338,420 shares of the business services provider’s stock worth $26,823,000 after acquiring an additional 130,009 shares during the period. 92.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on RHI. Truist Financial decreased their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. BMO Capital Markets reduced their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Barclays reduced their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. One investment 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $69.00.

Robert Half Trading Down 0.1 %

Shares of RHI opened at $75.74 on Friday. The stock has a market cap of $7.82 billion, a P/E ratio of 27.64 and a beta of 1.23. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The stock’s 50-day moving average price is $66.60 and its two-hundred day moving average price is $65.52.

Robert Half (NYSE:RHI) last posted its earnings results 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 net margin of 4.84% and a return on equity of 18.78%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Robert Half Inc. will post 2.46 EPS for the current year.

Robert Half Dividend Announcement

The business also recently declared 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 2.80%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

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.