Pinnacle Associates Ltd. Sells 41,904 Shares of Robert Half Inc. $RHI

Pinnacle Associates Ltd. lowered its position in shares of Robert Half Inc. (NYSE:RHI) by 25.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,066 shares of the business services provider’s stock after selling 41,904 shares during the period. Pinnacle Associates Ltd. owned 0.12% of Robert Half worth $5,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Robert Half by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,618,177 shares of the business services provider’s stock worth $197,372,000 after purchasing an additional 184,592 shares during the period. Alliancebernstein L.P. increased its stake in shares of Robert Half by 1.6% during the first quarter. Alliancebernstein L.P. now owns 3,268,435 shares of the business services provider’s stock worth $178,293,000 after purchasing an additional 50,436 shares during the period. Fiduciary Management Inc. WI grew its position in Robert Half by 14.4% during the first quarter. Fiduciary Management Inc. WI now owns 2,576,782 shares of the business services provider’s stock worth $140,563,000 after buying an additional 325,241 shares in the last quarter. Pzena Investment Management LLC grew its position in Robert Half by 80.3% during the second quarter. Pzena Investment Management LLC now owns 2,377,277 shares of the business services provider’s stock worth $97,587,000 after buying an additional 1,058,569 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Robert Half by 27.2% during the first quarter. AQR Capital Management LLC now owns 2,134,881 shares of the business services provider’s stock worth $115,348,000 after buying an additional 457,025 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of RHI stock opened at $26.16 on Friday. The stock’s fifty day moving average price is $33.63 and its two-hundred day moving average price is $39.20. The company has a market cap of $2.66 billion, a PE ratio of 16.98 and a beta of 1.02. Robert Half Inc. has a fifty-two week low of $26.05 and a fifty-two week high of $78.41.

Robert Half (NYSE:RHI) last issued its earnings results on Wednesday, October 22nd. The business services provider reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Robert Half had a return on equity of 11.76% and a net margin of 2.85%.The company’s revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. Robert Half has set its Q4 2025 guidance at 0.250-0.350 EPS. On average, equities analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Tuesday, November 25th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $2.36 annualized dividend and a dividend yield of 9.0%. Robert Half’s dividend payout ratio (DPR) is 153.25%.

Insider Buying and Selling at Robert Half

In related news, Director Dirk A. Kempthorne sold 6,505 shares of the firm’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $28.87, for a total transaction of $187,799.35. Following the sale, the director owned 11,712 shares of the company’s stock, valued at $338,125.44. This trade represents a 35.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Robert Half in a research report on Tuesday, October 14th. Barclays reduced their price target on Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Wall Street Zen raised Robert Half from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, The Goldman Sachs Group reduced their price target on Robert Half from $31.00 to $27.00 and set a “sell” rating on the stock in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $38.25.

Robert Half 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.