Evergreen Capital Management LLC Buys Shares of 3,656 Robert Half Inc. (NYSE:RHI)

Evergreen Capital Management LLC acquired a new position in shares of Robert Half Inc. (NYSE:RHI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,656 shares of the business services provider’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also made changes to their positions in RHI. Blue Trust Inc. lifted its stake in shares of Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after buying an additional 323 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Robert Half during the first quarter worth $26,000. Versant Capital Management Inc acquired a new stake in shares of Robert Half during the second quarter worth $35,000. Family Firm Inc. acquired a new stake in shares of Robert Half during the second quarter worth $45,000. Finally, Parallel Advisors LLC lifted its stake in shares of Robert Half by 55.7% during the fourth quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock worth $57,000 after buying an additional 231 shares during the period. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RHI. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, June 11th. BMO Capital Markets decreased their target price on shares of 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. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Finally, Truist Financial decreased 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 report on Friday, July 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Robert Half presently has an average rating of “Hold” and an average target price of $67.86.

Robert Half Stock Performance

Shares of RHI stock opened at $67.35 on Friday. The firm’s 50 day moving average price is $63.03 and its 200-day moving average price is $67.18. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The firm has a market cap of $7.07 billion, a P/E ratio of 20.16 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. As a group, research analysts predict that Robert Half Inc. will post 2.51 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.15%. Robert Half’s dividend payout ratio is currently 63.47%.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the sale, the director now owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.