Evolve Private Wealth LLC Invests $374,000 in Robert Half Inc. $RHI

Evolve Private Wealth LLC purchased a new position in Robert Half Inc. (NYSE:RHI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,184 shares of the business services provider’s stock, valued at approximately $374,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RHI. EP Wealth Advisors LLC purchased a new position in Robert Half during the 2nd quarter valued at about $397,000. Ieq Capital LLC bought a new position in Robert Half during the 2nd quarter valued at approximately $12,818,000. Callan Family Office LLC purchased a new stake in Robert Half in the 2nd quarter worth approximately $359,000. Heartland Advisors Inc. purchased a new stake in Robert Half in the 2nd quarter worth approximately $5,288,000. Finally, Allworth Financial LP bought a new stake in shares of Robert Half in the 2nd quarter worth approximately $616,000. 92.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RHI shares. BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research note on Monday, July 27th. The Goldman Sachs Group raised their price target on Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Friday, July 24th. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Robert W. Baird set a $47.00 price objective on shares of Robert Half in a research report on Monday, July 27th. Finally, Truist Financial raised their target price on shares of Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Robert Half has an average rating of “Hold” and a consensus target price of $34.75.

Robert Half Stock Performance

RHI stock opened at $44.92 on Wednesday. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $46.70. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 39.06 and a beta of 0.79. The business’s 50 day moving average price is $37.68 and its two-hundred day moving average price is $30.39.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. Sell-side analysts forecast that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 5.3%. Robert Half’s dividend payout ratio is 205.22%.

Robert Half Profile

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.