Pinnacle Associates Ltd. Has $5.05 Million Stake in Robert Half Inc. $RHI

Pinnacle Associates Ltd. decreased its position in shares of Robert Half Inc. (NYSE:RHI) by 25.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,066 shares of the business services provider’s stock after selling 41,904 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Robert Half were worth $5,052,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quarry LP raised its position in Robert Half by 540.8% during the 1st quarter. Quarry LP now owns 487 shares of the business services provider’s stock worth $27,000 after purchasing an additional 411 shares during the last quarter. Manchester Capital Management LLC raised its position in Robert Half by 45.0% during the 1st quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider’s stock worth $45,000 after purchasing an additional 256 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Robert Half by 927.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock worth $35,000 after purchasing an additional 770 shares during the last quarter. Allworth Financial LP raised its position in Robert Half by 80.4% during the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider’s stock worth $80,000 after purchasing an additional 650 shares during the last quarter. Finally, Signaturefd LLC raised its position in Robert Half by 286.5% during the 1st quarter. Signaturefd LLC now owns 1,685 shares of the business services provider’s stock worth $92,000 after purchasing an additional 1,249 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

RHI has been the subject of several analyst reports. The Goldman Sachs Group lowered their target price on Robert Half from $31.00 to $27.00 and set a “sell” rating for the company in a research report on Thursday, October 23rd. UBS Group lowered their price objective on Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a research report on Thursday, October 23rd. Barclays lowered their price objective on Robert Half from $45.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Robert Half from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $38.25.

Robert Half Price Performance

Shares of Robert Half stock opened at $26.16 on Friday. Robert Half Inc. has a one year low of $26.05 and a one year high of $78.41. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 16.98 and a beta of 1.02. The business has a 50-day simple moving average of $33.63 and a 200 day simple moving average of $39.20.

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

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Tuesday, November 25th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Tuesday, November 25th. Robert Half’s payout ratio is presently 153.25%.

About Robert Half

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.