Bessemer Group Inc. Decreases Position in Robert Half Inc. $RHI

Bessemer Group Inc. cut its stake in Robert Half Inc. (NYSE:RHI) by 47.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 9,294 shares of the business services provider’s stock after selling 8,396 shares during the quarter. Bessemer Group Inc.’s holdings in Robert Half were worth $382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in Robert Half by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,618,177 shares of the business services provider’s stock valued at $197,372,000 after buying an additional 184,592 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Robert Half by 1.6% in the 1st 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 in the last quarter. Fiduciary Management Inc. WI lifted its stake in Robert Half by 14.4% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,576,782 shares of the business services provider’s stock worth $140,563,000 after purchasing an additional 325,241 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Robert Half by 80.3% in the 2nd quarter. Pzena Investment Management LLC now owns 2,377,277 shares of the business services provider’s stock worth $97,587,000 after purchasing an additional 1,058,569 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Robert Half by 27.2% in 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 purchasing an additional 457,025 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Dirk A. Kempthorne sold 6,505 shares of Robert Half stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $28.87, for a total value of $187,799.35. Following the completion of the sale, the director owned 11,712 shares in the company, valued at approximately $338,125.44. This trade represents a 35.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Robert Half Price Performance

Shares of NYSE RHI opened at $26.16 on Monday. The company has a 50 day simple moving average of $33.63 and a 200-day simple moving average of $39.14. The company has a market capitalization of $2.66 billion, a P/E ratio of 16.98 and a beta of 1.02. Robert Half Inc. has a 1 year low of $26.05 and a 1 year high of $78.41.

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

Robert Half Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have weighed in on RHI shares. Wall Street Zen raised shares of Robert Half from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. BMO Capital Markets decreased their target price on shares of Robert Half from $36.00 to $31.00 and set a “market perform” rating on the stock in a research note on Thursday, October 23rd. Barclays decreased their target price 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. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $38.25.

Robert Half Company 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.