Robert Half Inc. $RHI Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC decreased its stake in shares of Robert Half Inc. (NYSE:RHI) by 56.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,291 shares of the business services provider’s stock after selling 20,154 shares during the quarter. Evergreen Capital Management LLC’s holdings in Robert Half were worth $415,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Robert Half during the 2nd quarter valued at approximately $34,000. Danske Bank A S acquired a new position in Robert Half during the 3rd quarter valued at approximately $37,000. Hantz Financial Services Inc. increased its stake in Robert Half by 952.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,105 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 1,000 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Robert Half by 362.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,239 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 971 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its stake in Robert Half by 20,257.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,425 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 1,418 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RHI shares. Truist Financial upped their price target on shares of Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 30th. The Goldman Sachs Group upped their price target on shares of Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. BMO Capital Markets cut their price target on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 17th. JPMorgan Chase & Co. upped their price target on shares of Robert Half from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $31.75.

Robert Half Price Performance

NYSE:RHI opened at $26.18 on Tuesday. The firm has a market capitalization of $2.68 billion, a P/E ratio of 20.13 and a beta of 0.85. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $48.54. The company’s fifty day moving average price is $24.89 and its 200-day moving average price is $26.99.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share. Equities analysts anticipate that Robert Half Inc. will post 1.53 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Wednesday, February 25th were paid a $0.59 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 9.0%. Robert Half’s dividend payout ratio is presently 181.54%.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.