State of New Jersey Common Pension Fund D Boosts Stock Holdings in Robert Half Inc. (NYSE:RHI)

State of New Jersey Common Pension Fund D boosted its stake in Robert Half Inc. (NYSE:RHI) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,957 shares of the business services provider’s stock after purchasing an additional 290 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Robert Half were worth $2,087,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RHI. Thrivent Financial for Lutherans lifted its position in shares of Robert Half by 27,895.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock worth $79,652,000 after buying an additional 1,240,492 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Robert Half by 101.0% in the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after purchasing an additional 786,031 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Robert Half by 900.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider’s stock worth $66,155,000 after purchasing an additional 751,049 shares during the last quarter. Pacer Advisors Inc. raised its stake in Robert Half by 54.7% during the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock valued at $104,218,000 after purchasing an additional 575,879 shares in the last quarter. Finally, Miller Howard Investments Inc. NY bought a new position in Robert Half during the second quarter valued at $35,357,000. Institutional investors own 92.41% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on RHI. BMO Capital Markets dropped their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Barclays decreased their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. Truist Financial dropped their price objective 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, JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Robert Half has a consensus rating of “Hold” and an average price target of $69.00.

Robert Half Trading Down 2.6 %

NYSE:RHI opened at $73.42 on Friday. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 26.80 and a beta of 1.23. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The stock has a fifty day simple moving average of $68.00 and a 200-day simple moving average of $65.74.

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

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.89%. Robert Half’s dividend payout ratio (DPR) is currently 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.