Charles Schwab Investment Management Inc. Has $221.44 Million Stock Holdings in Robert Half Inc. (NYSE:RHI)

Charles Schwab Investment Management Inc. increased its stake in shares of Robert Half Inc. (NYSE:RHI) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,285,008 shares of the business services provider’s stock after buying an additional 159,750 shares during the period. Charles Schwab Investment Management Inc. owned 3.18% of Robert Half worth $221,442,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. iA Global Asset Management Inc. grew its position in shares of Robert Half by 167.3% in the first quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider’s stock valued at $1,698,000 after purchasing an additional 13,404 shares during the last quarter. Mawer Investment Management Ltd. increased its position in Robert Half by 28.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after buying an additional 1,049,005 shares during the period. Cetera Investment Advisers increased its position in Robert Half by 69.6% during the 1st quarter. Cetera Investment Advisers now owns 64,729 shares of the business services provider’s stock worth $5,132,000 after buying an additional 26,561 shares during the period. Achmea Investment Management B.V. lifted its holdings in shares of Robert Half by 9.2% during the second quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider’s stock worth $9,741,000 after buying an additional 12,772 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Robert Half by 182.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 25,100 shares of the business services provider’s stock valued at $1,606,000 after acquiring an additional 16,212 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price objective 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $69.00.

Robert Half Stock Up 1.3 %

RHI stock opened at $74.64 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 50-day simple moving average of $69.08 and a 200 day simple moving average of $65.86. The company has a market cap of $7.71 billion, a PE ratio of 27.24 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued 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. The company 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 EPS. On average, analysts anticipate that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Dividend Announcement

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

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.