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

Creative Planning raised its position in Robert Half Inc. (NYSE:RHI) by 2.9% in the third quarter, HoldingsChannel.com reports. The fund owned 17,980 shares of the business services provider’s stock after purchasing an additional 506 shares during the quarter. Creative Planning’s holdings in Robert Half were worth $1,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its position in shares of Robert Half by 12,700.0% in the third quarter. Exchange Traded Concepts LLC now owns 12,160 shares of the business services provider’s stock valued at $820,000 after purchasing an additional 12,065 shares during the period. CWM LLC raised its position in shares of Robert Half by 130.1% in the third quarter. CWM LLC now owns 36,387 shares of the business services provider’s stock valued at $2,453,000 after purchasing an additional 20,574 shares during the period. Diversified Trust Co bought a new position in shares of Robert Half in the third quarter valued at about $1,319,000. GAMMA Investing LLC raised its position 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 purchasing an additional 179 shares during the period. Finally, Handelsbanken Fonder AB raised its position in shares of Robert Half by 25.6% in the third quarter. Handelsbanken Fonder AB now owns 26,500 shares of the business services provider’s stock valued at $1,786,000 after purchasing an additional 5,400 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays dropped their price objective on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Truist Financial lowered their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Finally, BMO Capital Markets lowered their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Two research analysts have 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 price target of $67.71.

Robert Half Stock Down 0.6 %

RHI stock opened at $69.01 on Thursday. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39. The firm has a market cap of $7.24 billion, a P/E ratio of 20.79 and a beta of 1.23. The company’s 50-day moving average price is $65.31 and its two-hundred day moving average price is $65.45.

Robert Half (NYSE:RHI) last released its earnings results 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 5.26% and a return on equity of 20.41%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm earned $0.90 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities analysts predict that Robert Half Inc. will post 2.51 EPS for the current year.

Robert Half Dividend Announcement

The business also recently declared 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 dividend yield of 3.07%. The ex-dividend date is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

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.