Bank of New York Mellon Corp Has $41.25 Million Stock Position in Robert Half Inc. $RHI

Bank of New York Mellon Corp reduced its position in Robert Half Inc. (NYSE:RHI) by 6.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,004,758 shares of the business services provider’s stock after selling 67,241 shares during the quarter. Bank of New York Mellon Corp owned about 0.98% of Robert Half worth $41,245,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RHI. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Robert Half during the 1st quarter worth approximately $3,195,000. Pzena Investment Management LLC lifted its holdings in Robert Half by 80.3% during 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 buying an additional 1,058,569 shares during the period. Ieq Capital LLC lifted its stake in shares of Robert Half by 43.8% in the first quarter. Ieq Capital LLC now owns 327,901 shares of the business services provider’s stock worth $17,887,000 after acquiring an additional 99,868 shares during the period. Jefferies Financial Group Inc. boosted its stake in shares of Robert Half by 119.4% in the 1st quarter. Jefferies Financial Group Inc. now owns 46,851 shares of the business services provider’s stock valued at $2,556,000 after purchasing an additional 25,498 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in Robert Half during the second quarter valued at $858,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on RHI. Wall Street Zen raised shares of Robert Half from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Truist Financial lowered their price objective on Robert Half from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, October 13th. The Goldman Sachs Group dropped their price target on shares of Robert Half from $31.00 to $27.00 and set a “sell” rating on the stock in a research report on Thursday, October 23rd. JPMorgan Chase & Co. dropped their price target on Robert Half from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Thursday, July 24th. Finally, BMO Capital Markets dropped 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. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $38.25.

Robert Half Trading Down 0.0%

Shares of NYSE:RHI opened at $27.68 on Thursday. The stock has a market cap of $2.80 billion, a P/E ratio of 17.97 and a beta of 1.01. Robert Half Inc. has a 12 month low of $25.22 and a 12 month high of $78.41. The company has a 50 day moving average of $31.90 and a 200 day moving average of $38.11.

Robert Half (NYSE:RHI) last issued its quarterly earnings data 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 company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Robert Half had a return on equity of 11.76% and a net margin of 2.85%.The firm’s revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. Robert Half has set its Q4 2025 guidance at 0.250-0.350 EPS. On average, equities analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, November 25th. This represents a $2.36 annualized dividend and a dividend yield of 8.5%. Robert Half’s dividend payout ratio (DPR) is 153.25%.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 6,505 shares of Robert Half 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 of the company’s stock, valued at $338,125.44. The trade was a 35.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by 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.