FORA Capital LLC Makes New Investment in Robert Half Inc. (NYSE:RHI)

FORA Capital LLC acquired a new stake in shares of Robert Half Inc. (NYSE:RHI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,584 shares of the business services provider’s stock, valued at approximately $1,792,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. iA Global Asset Management Inc. raised its stake in Robert Half by 167.3% during the 1st quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider’s stock worth $1,698,000 after buying an additional 13,404 shares during the period. Mawer Investment Management Ltd. lifted its holdings in shares of Robert Half by 28.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after purchasing an additional 1,049,005 shares in the last quarter. Cetera Investment Advisers grew its position in Robert Half by 69.6% in the 1st quarter. Cetera Investment Advisers now owns 64,729 shares of the business services provider’s stock valued at $5,132,000 after purchasing an additional 26,561 shares during the period. Achmea Investment Management B.V. grew its position in Robert Half by 9.2% in the 2nd quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider’s stock valued at $9,741,000 after purchasing an additional 12,772 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in Robert Half by 182.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,100 shares of the business services provider’s stock valued at $1,606,000 after purchasing an additional 16,212 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Insider Activity

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Robert Half Price Performance

NYSE RHI opened at $74.70 on Thursday. The company has a fifty day moving average price of $69.55 and a 200-day moving average price of $65.87. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 27.26 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.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating 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 firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business posted $0.90 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, research analysts anticipate that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half’s dividend payout ratio is presently 77.37%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.