First Trust Advisors LP Has $49.77 Million Stock Position in Robert Half Inc. $RHI

First Trust Advisors LP grew its position in Robert Half Inc. (NYSE:RHI) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,212,441 shares of the business services provider’s stock after purchasing an additional 83,232 shares during the period. First Trust Advisors LP’s holdings in Robert Half were worth $49,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Strengthening Families & Communities LLC grew its stake in shares of Robert Half by 11.9% in the 2nd quarter. Strengthening Families & Communities LLC now owns 2,479 shares of the business services provider’s stock valued at $102,000 after buying an additional 263 shares in the last quarter. Quarry LP raised its position in Robert Half by 540.8% during the first quarter. Quarry LP now owns 487 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 411 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Robert Half by 9.4% in the second quarter. Janney Montgomery Scott LLC now owns 4,952 shares of the business services provider’s stock valued at $203,000 after acquiring an additional 424 shares during the last quarter. Yousif Capital Management LLC grew its position in Robert Half by 1.1% in the second quarter. Yousif Capital Management LLC now owns 40,723 shares of the business services provider’s stock worth $1,672,000 after acquiring an additional 427 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Robert Half by 30.2% during the 2nd quarter. Parallel Advisors LLC now owns 2,013 shares of the business services provider’s stock worth $83,000 after purchasing an additional 467 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 6,505 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $28.87, for a total transaction of $187,799.35. Following the completion of the transaction, the director owned 11,712 shares of the company’s stock, valued at approximately $338,125.44. This represents a 35.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

RHI has been the subject of several analyst reports. UBS Group reduced their price objective on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a research note on Thursday, October 23rd. BMO Capital Markets cut 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. Zacks Research downgraded Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. The Goldman Sachs Group cut their price objective on Robert Half from $31.00 to $27.00 and set a “sell” rating on the stock in a research note on Thursday, October 23rd. Finally, Robert W. Baird set a $22.00 target price on Robert Half in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $33.89.

Robert Half Stock Down 0.3%

RHI opened at $26.71 on Tuesday. The stock’s 50 day moving average price is $28.92 and its two-hundred day moving average price is $35.67. The firm has a market capitalization of $2.70 billion, a P/E ratio of 17.34 and a beta of 0.84. Robert Half Inc. has a 12-month low of $25.22 and a 12-month high of $78.41.

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

Robert Half Dividend Announcement

The business also recently declared 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. This represents a $2.36 annualized dividend and a yield of 8.8%. The ex-dividend date is Tuesday, November 25th. Robert Half’s dividend payout ratio (DPR) is currently 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.