SYM FINANCIAL Corp Increases Stock Position in Robert Half Inc. (NYSE:RHI)

SYM FINANCIAL Corp raised its position in Robert Half Inc. (NYSE:RHI) by 7.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,443 shares of the business services provider’s stock after buying an additional 241 shares during the period. SYM FINANCIAL Corp’s holdings in Robert Half were worth $232,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RHI. GAMMA Investing LLC grew its position in shares of Robert Half by 35.6% during the 3rd 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 during the period. Private Trust Co. NA increased its position in shares of Robert Half by 79.7% in the third 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 in the last quarter. Isthmus Partners LLC raised its stake in shares of Robert Half by 3.3% during the 2nd quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider’s stock worth $453,000 after buying an additional 229 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Robert Half by 7.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,134 shares of the business services provider’s stock valued at $263,000 after buying an additional 281 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Robert Half by 0.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 30,957 shares of the business services provider’s stock valued at $2,087,000 after buying an additional 290 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price target 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. 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.com, Robert Half has a consensus rating of “Hold” and a consensus price target of $69.00.

Robert Half Stock Down 0.4 %

Shares of NYSE:RHI opened at $74.12 on Friday. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39. The business has a fifty day moving average of $70.64 and a two-hundred day moving average of $66.10. The stock has a market cap of $7.65 billion, a P/E ratio of 27.05 and a beta of 1.24.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 EPS. On average, equities analysts anticipate that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

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 given a $0.53 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.86%. Robert Half’s dividend payout ratio is currently 77.37%.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business’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 value of $76,729.20. Following the sale, the director now directly owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.00% 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.