Evolve Private Wealth LLC Purchases New Holdings in Robert Half Inc. $RHI

Evolve Private Wealth LLC acquired a new position in shares of Robert Half Inc. (NYSE:RHI) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 12,184 shares of the business services provider’s stock, valued at approximately $374,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Basecamp Wealth Advisors LLC lifted its holdings in shares of Robert Half by 19.4% during the first quarter. Basecamp Wealth Advisors LLC now owns 2,164 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 351 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Robert Half by 3.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock worth $410,000 after buying an additional 407 shares during the last quarter. IFP Advisors Inc increased its position in Robert Half by 9.0% during the 4th quarter. IFP Advisors Inc now owns 6,845 shares of the business services provider’s stock valued at $186,000 after buying an additional 564 shares in the last quarter. Fifth Third Bancorp increased its position in Robert Half by 94.3% during the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after buying an additional 664 shares in the last quarter. Finally, Inspire Advisors LLC raised its stake in Robert Half by 5.0% during the fourth quarter. Inspire Advisors LLC now owns 14,059 shares of the business services provider’s stock valued at $382,000 after buying an additional 669 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RHI shares. Truist Financial upped their price target on shares of Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. BMO Capital Markets raised shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 target price for the company in a report on Monday, July 27th. Weiss Ratings upgraded shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Robert W. Baird set a $47.00 price target on shares of Robert Half in a research report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.75.

Robert Half Trading Down 0.4%

RHI opened at $44.92 on Wednesday. The company’s 50 day moving average is $37.68 and its 200 day moving average is $30.39. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 39.06 and a beta of 0.79. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $46.70.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share. As a group, analysts predict that Robert Half Inc. will post 1.27 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business 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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half’s dividend payout ratio (DPR) is 205.22%.

Robert Half Company 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.