Dirk A. Kempthorne Sells 1,032 Shares of Robert Half Inc. (NYSE:RHI) Stock

Robert Half Inc. (NYSE:RHI) Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Robert Half Stock Up 0.0 %

Robert Half stock opened at $74.70 on Friday. The company has a 50 day moving average of $69.94 and a 200-day moving average of $65.99. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The stock has a market capitalization of $7.71 billion, a PE ratio of 27.26 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business earned $0.90 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities analysts anticipate that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a 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%.

Institutional Investors Weigh In On Robert Half

Several institutional investors have recently bought and sold shares of RHI. Blue Trust Inc. grew its stake in shares of 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 in the last quarter. V Square Quantitative Management LLC bought a new position in Robert Half in the third quarter valued at $27,000. Private Trust Co. NA increased its stake in Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in Robert Half in the 3rd quarter valued at $34,000. Finally, Versant Capital Management Inc bought a new stake in Robert Half during the 2nd quarter worth about $35,000. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price target 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 research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Robert Half presently 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.