Creative Planning Has $1.21 Million Stock Position in Robert Half Inc. (NYSE:RHI)

Creative Planning lifted its position in shares of Robert Half Inc. (NYSE:RHI) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,980 shares of the business services provider’s stock after acquiring an additional 506 shares during the quarter. Creative Planning’s holdings in Robert Half were worth $1,212,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Qsemble Capital Management LP acquired a new position in Robert Half during the 1st quarter valued at about $1,454,000. UniSuper Management Pty Ltd raised its stake in shares of Robert Half by 671.3% during the first quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider’s stock worth $978,000 after buying an additional 10,741 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Robert Half by 10.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 122,356 shares of the business services provider’s stock worth $9,700,000 after buying an additional 11,124 shares during the last quarter. iA Global Asset Management Inc. raised its stake in shares of Robert Half by 167.3% during the first 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 last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Robert Half by 40.5% during the first quarter. BNP Paribas Financial Markets now owns 108,570 shares of the business services provider’s stock worth $8,607,000 after buying an additional 31,300 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of 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 price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. JPMorgan Chase & Co. dropped 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 note on Wednesday, October 23rd. Truist Financial lowered their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Finally, StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $67.71.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $69.01 on Thursday. The company has a 50 day moving average price of $65.31 and a two-hundred day moving average price of $65.45. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39. The company has a market capitalization of $7.24 billion, a PE ratio of 20.79 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Robert Half Inc. will post 2.51 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. Investors of record on Monday, November 25th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half’s payout ratio is 63.47%.

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.