Robert Half Inc. $RHI Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in shares of Robert Half Inc. (NYSE:RHI) by 26.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,417 shares of the business services provider’s stock after selling 26,347 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Robert Half worth $2,932,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Manchester Capital Management LLC boosted its stake in Robert Half by 45.0% in 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 period. Strengthening Families & Communities LLC lifted its holdings in shares of Robert Half by 11.9% in the second quarter. Strengthening Families & Communities LLC now owns 2,479 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 263 shares in the last quarter. Quarry LP boosted its position in shares of Robert Half by 540.8% in the first quarter. Quarry LP now owns 487 shares of the business services provider’s stock worth $27,000 after buying an additional 411 shares during the period. Janney Montgomery Scott LLC raised its position in Robert Half by 9.4% during the second quarter. Janney Montgomery Scott LLC now owns 4,952 shares of the business services provider’s stock valued at $203,000 after buying an additional 424 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in Robert Half by 1.1% in the 2nd 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. 92.41% of the stock is owned by institutional investors and hedge funds.

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 stock was sold at an average price of $28.87, for a total transaction 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 represents a 35.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.

Robert Half Stock Down 3.0%

NYSE RHI opened at $26.66 on Friday. The stock has a market capitalization of $2.70 billion, a PE ratio of 17.31 and a beta of 1.01. The company has a 50 day moving average price of $31.49 and a two-hundred day moving average price of $37.87. Robert Half Inc. has a 12-month low of $25.22 and a 12-month high of $78.41.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm earned $0.64 EPS. Robert Half’s revenue for the quarter 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, equities analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Announces Dividend

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. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.9%. Robert Half’s payout ratio is currently 153.25%.

Analyst Ratings Changes

Several research firms have weighed in on RHI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robert Half in a research note on Tuesday. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 21st. BMO Capital Markets dropped their price objective 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. JPMorgan Chase & Co. cut their target price on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, July 24th. Finally, UBS Group decreased their target price 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. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $38.25.

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.