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

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

Robert Half Price Performance

NYSE:RHI opened at $74.70 on Friday. The company has a market cap of $7.71 billion, a P/E ratio of 27.26 and a beta of 1.23. The firm’s fifty day moving average price is $69.94 and its two-hundred day moving average price is $65.99. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business earned $0.90 EPS. Robert Half’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio is 77.37%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their target price 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 assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $69.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake 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 acquiring an additional 179 shares in the last quarter. Private Trust Co. NA grew its position in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. M&T Bank Corp grew its position in shares of Robert Half by 3.7% during the 3rd quarter. M&T Bank Corp now owns 6,419 shares of the business services provider’s stock worth $432,000 after purchasing an additional 227 shares in the last quarter. Isthmus Partners LLC increased its holdings in shares of Robert Half by 3.3% during the second quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider’s stock worth $453,000 after purchasing an additional 229 shares during the period. Finally, Wahed Invest LLC boosted its stake in shares of Robert Half by 13.7% in the first quarter. Wahed Invest LLC now owns 1,998 shares of the business services provider’s stock valued at $158,000 after buying an additional 240 shares during the period. Institutional investors own 92.41% of the company’s stock.

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.