Charles Schwab Investment Management Inc. Acquires 84,545 Shares of Robert Half Inc. $RHI

Charles Schwab Investment Management Inc. boosted its holdings in Robert Half Inc. (NYSE:RHI) by 2.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,702,722 shares of the business services provider’s stock after purchasing an additional 84,545 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Robert Half were worth $151,997,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jupiter Asset Management Ltd. bought a new position in shares of Robert Half during the first quarter worth approximately $71,175,000. 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. JPMorgan Chase & Co. grew its position in Robert Half by 174.7% during the second quarter. JPMorgan Chase & Co. now owns 879,314 shares of the business services provider’s stock worth $36,096,000 after buying an additional 559,175 shares in the last quarter. AQR Capital Management LLC increased its stake in Robert Half by 27.2% during the 1st quarter. AQR Capital Management LLC now owns 2,134,881 shares of the business services provider’s stock worth $115,348,000 after acquiring an additional 457,025 shares during the period. Finally, Invesco Ltd. raised its holdings in Robert Half by 73.3% in the 1st quarter. Invesco Ltd. now owns 892,336 shares of the business services provider’s stock valued at $48,677,000 after acquiring an additional 377,305 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen raised Robert Half from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Barclays reduced their price objective on shares of Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 23rd. The Goldman Sachs Group dropped their target price on shares of Robert Half from $31.00 to $27.00 and set a “sell” rating for the company in a research report on Thursday, October 23rd. Truist Financial reduced their price target on shares of Robert Half from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, BMO Capital Markets reduced their target price on Robert Half from $36.00 to $31.00 and set a “market perform” rating on the stock in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Robert Half has a consensus rating of “Reduce” and an average price target of $38.25.

Insider Activity at Robert Half

In other news, Director Dirk A. Kempthorne sold 6,505 shares of Robert Half stock in a transaction dated 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 directly owned 11,712 shares of the company’s stock, valued at approximately $338,125.44. This trade represents a 35.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

Robert Half Price Performance

Shares of NYSE:RHI opened at $27.25 on Thursday. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 17.70 and a beta of 1.01. The firm has a 50 day simple moving average of $30.08 and a 200 day simple moving average of $36.88. Robert Half Inc. has a one year low of $25.22 and a one year high of $78.41.

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

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Tuesday, November 25th will be given a $0.59 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $2.36 annualized dividend and a yield of 8.7%. Robert Half’s dividend payout ratio (DPR) is currently 153.25%.

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.