State of New Jersey Common Pension Fund D Has $1.68 Million Stake in Robert Half Inc. $RHI

State of New Jersey Common Pension Fund D grew its holdings in Robert Half Inc. (NYSE:RHI) by 25.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,847 shares of the business services provider’s stock after buying an additional 8,361 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Robert Half were worth $1,677,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP lifted its holdings in Robert Half by 540.8% during the 1st quarter. Quarry LP now owns 487 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 411 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 buying an additional 770 shares during the last quarter. Manchester Capital Management LLC lifted its stake in shares of 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 buying an additional 256 shares during the last quarter. Allworth Financial LP lifted its stake in shares of 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 buying an additional 650 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Robert Half by 30.2% during the second quarter. Parallel Advisors LLC now owns 2,013 shares of the business services provider’s stock worth $83,000 after acquiring an additional 467 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RHI. Truist Financial cut their price objective on shares of Robert Half from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, October 13th. JPMorgan Chase & Co. dropped their price target on Robert Half from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, July 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Robert Half in a report on Tuesday, October 14th. Barclays dropped their target price on Robert Half from $45.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Finally, BMO Capital Markets dropped their price objective on shares of Robert Half from $36.00 to $31.00 and set a “market perform” rating for the company in a research note on Thursday, October 23rd. 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. Based on data from MarketBeat, Robert Half has an average rating of “Reduce” and a consensus target price of $38.25.

Robert Half Stock Down 1.5%

RHI stock opened at $26.16 on Monday. The company has a market cap of $2.66 billion, a PE 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 $39.14. Robert Half Inc. has a 52 week low of $26.05 and a 52 week high of $78.41.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Robert Half had a net margin of 2.85% and a return on equity of 11.76%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned $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. On average, analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

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

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 6,505 shares of the company’s stock in a transaction that occurred on 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 directly owned 11,712 shares in the company, valued at $338,125.44. This represents a 35.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

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.