EP Wealth Advisors LLC Makes New Investment in Robert Half Inc. $RHI

EP Wealth Advisors LLC bought a new stake in shares of Robert Half Inc. (NYSE:RHI) in the 2nd quarter, HoldingsChannel reports. The fund bought 12,928 shares of the business services provider’s stock, valued at approximately $397,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada lifted its position in shares of Robert Half by 19.3% in the 1st quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock worth $2,092,000 after buying an additional 6,212 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Robert Half by 498.7% in the 1st quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock valued at $372,000 after buying an additional 5,675 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Robert Half by 2.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after buying an additional 7,523 shares during the last quarter. Empowered Funds LLC grew its position in shares of Robert Half by 91.8% during the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after buying an additional 26,672 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its stake in Robert Half by 94.6% during the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock worth $332,000 after acquiring an additional 3,937 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Stock Performance

Robert Half stock opened at $44.92 on Wednesday. Robert Half Inc. has a one year low of $21.83 and a one year high of $46.70. The company has a 50-day simple moving average of $37.68 and a 200-day simple moving average of $30.39. The firm has a market capitalization of $4.60 billion, a P/E ratio of 39.06 and a beta of 0.79.

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

Robert Half Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Friday, July 24th. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Robert W. Baird set a $47.00 price target on Robert Half in a report on Monday, July 27th. Finally, Truist Financial boosted their price objective on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Three equities 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. According to MarketBeat.com, Robert Half has an average rating of “Hold” and a consensus price target of $34.75.

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.