Tejara Capital Ltd Takes Position in Robert Half Inc. $RHI

Tejara Capital Ltd acquired a new stake in Robert Half Inc. (NYSE:RHI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 45,700 shares of the business services provider’s stock, valued at approximately $1,241,000.

Several other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in Robert Half by 38.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 100,226 shares of the business services provider’s stock worth $2,723,000 after purchasing an additional 27,904 shares during the period. Allworth Financial LP lifted its position in shares of Robert Half by 174.2% during the fourth quarter. Allworth Financial LP now owns 16,785 shares of the business services provider’s stock worth $456,000 after purchasing an additional 10,663 shares in the last quarter. Ethic Inc. purchased a new position in shares of Robert Half in the fourth quarter valued at approximately $630,000. Crestwood Advisors Group LLC purchased a new position in shares of Robert Half in the fourth quarter valued at approximately $275,000. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Robert Half by 144.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 27,129 shares of the business services provider’s stock valued at $737,000 after purchasing an additional 16,024 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

RHI has been the topic of several recent research reports. Truist Financial upped their target price on shares of Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. boosted their price target on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Barclays cut their price objective on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. BMO Capital Markets decreased their target price on Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th. Finally, Zacks Research cut Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $31.75.

Robert Half Stock Down 0.8%

Shares of Robert Half stock opened at $24.69 on Friday. Robert Half Inc. has a 52-week low of $21.83 and a 52-week high of $48.20. The company has a market capitalization of $2.53 billion, a P/E ratio of 19.00 and a beta of 0.80. The company has a 50 day moving average of $25.28 and a 200 day moving average of $26.63.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $0.17 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, research analysts anticipate that Robert Half Inc. will post 1.36 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Friday, May 22nd. Robert Half’s dividend payout ratio is 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.