Everence Capital Management Inc. Sells 5,180 Shares of Robert Half Inc. (NYSE:RHI)

Everence Capital Management Inc. lowered its stake in Robert Half Inc. (NYSE:RHI) by 40.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,690 shares of the business services provider’s stock after selling 5,180 shares during the quarter. Everence Capital Management Inc.’s holdings in Robert Half were worth $542,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RHI. Rhumbline Advisers increased its position in shares of Robert Half by 22.5% during the second quarter. Rhumbline Advisers now owns 294,967 shares of the business services provider’s stock valued at $18,872,000 after buying an additional 54,262 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Robert Half by 182.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,100 shares of the business services provider’s stock worth $1,606,000 after acquiring an additional 16,212 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Robert Half by 1,494.1% during the 2nd quarter. Victory Capital Management Inc. now owns 462,491 shares of the business services provider’s stock worth $29,590,000 after acquiring an additional 433,479 shares during the period. Arizona State Retirement System lifted its stake in shares of Robert Half by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 29,427 shares of the business services provider’s stock valued at $1,883,000 after purchasing an additional 301 shares during the period. Finally, Savant Capital LLC boosted its position in shares of Robert Half by 137.8% during the second quarter. Savant Capital LLC now owns 38,772 shares of the business services provider’s stock valued at $2,481,000 after purchasing an additional 22,468 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on RHI. JPMorgan Chase & Co. decreased their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. BNP Paribas cut shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price target for the company. in a research report on Monday, December 16th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $60.00 to $80.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.33.

Robert Half Stock Performance

NYSE:RHI opened at $69.95 on Friday. The firm has a 50-day simple moving average of $72.86 and a two-hundred day simple moving average of $67.18. The firm has a market cap of $7.22 billion, a P/E ratio of 25.53 and a beta of 1.24. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $84.16.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business earned $0.90 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts predict that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were given a dividend of $0.53 per share. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 3.03%. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Insider Buying and Selling

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the transaction, the director now owns 12,310 shares in the company, valued at $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by corporate insiders.

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.