Robert Half Inc. (NYSE:RHI) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in Robert Half Inc. (NYSE:RHI) by 1.3% in the 3rd quarter, Holdings Channel reports. The firm owned 12,045 shares of the business services provider’s stock after selling 153 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Robert Half were worth $812,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in RHI. Chase Investment Counsel Corp grew its stake in shares of Robert Half by 21.4% in the third quarter. Chase Investment Counsel Corp now owns 17,000 shares of the business services provider’s stock valued at $1,145,000 after buying an additional 3,000 shares in the last quarter. Victory Capital Management Inc. lifted its position in Robert Half by 32.7% during the 3rd quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider’s stock worth $41,373,000 after acquiring an additional 151,261 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in Robert Half by 79.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 12,813 shares of the business services provider’s stock worth $864,000 after acquiring an additional 5,679 shares during the period. WCM Investment Management LLC grew its position in Robert Half by 345.1% in the third quarter. WCM Investment Management LLC now owns 18,735 shares of the business services provider’s stock valued at $1,262,000 after acquiring an additional 14,526 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Robert Half by 310.3% during the third quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 602 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Performance

Shares of RHI stock opened at $71.32 on Wednesday. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 26.03 and a beta of 1.23. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The company’s 50-day simple moving average is $68.41 and its 200-day simple moving average is $65.73.

Robert Half (NYSE:RHI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 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 company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the business posted $0.90 EPS. Robert Half’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, research analysts forecast that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.97%. Robert Half’s payout ratio is 77.37%.

Analyst Upgrades and Downgrades

RHI has been the subject of several analyst reports. JPMorgan Chase & Co. decreased 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 note on Wednesday, October 23rd. BMO Capital Markets lowered their target price on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Barclays dropped their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Finally, Truist Financial reduced their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Robert Half has an average rating of “Hold” and a consensus price target of $69.00.

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.