Jefferies Financial Group Inc. Decreases Stake in Robert Half Inc. $RHI

Jefferies Financial Group Inc. reduced its stake in Robert Half Inc. (NYSE:RHI) by 35.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,839 shares of the business services provider’s stock after selling 19,916 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Robert Half were worth $973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RHI. Royal Bank of Canada raised its position in Robert Half by 19.3% during 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 raised its position in Robert Half by 498.7% during the 1st quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock worth $372,000 after buying an additional 5,675 shares during the last quarter. Goldman Sachs Group Inc. raised its position in 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 worth $16,603,000 after buying an additional 7,523 shares during the last quarter. Empowered Funds LLC raised its position in Robert Half by 91.8% during the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock worth $3,039,000 after buying an additional 26,672 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its position in Robert Half by 94.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock worth $332,000 after buying an additional 3,937 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RHI has been the subject of a number of recent research reports. Robert W. Baird set a $50.00 price target on shares of Robert Half in a research report on Friday, January 30th. The Goldman Sachs Group raised their price target on shares of Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a research report on Tuesday, February 3rd. Zacks Research lowered shares of Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Weiss Ratings lowered shares of Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Robert Half has a consensus rating of “Reduce” and an average target price of $31.75.

Robert Half Price Performance

Shares of NYSE RHI opened at $28.45 on Friday. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 21.88 and a beta of 0.80. Robert Half Inc. has a 12 month low of $21.83 and a 12 month high of $46.69. The firm’s 50 day simple moving average is $25.94 and its 200-day simple moving average is $26.63.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The business’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.17 EPS. Analysts anticipate that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.3%. Robert Half’s dividend payout ratio (DPR) is presently 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.