Cornerstone Capital Inc. Acquires New Position in Robert Half Inc. $RHI

Key Points

• Cornerstone Capital acquired 265,028 shares of Robert Half, valued at approximately $8.1 million, giving it a 0.26% stake. Institutional investors and hedge funds collectively own 92.41% of the company.
• Analyst sentiment remains mixed: upgrades from William Blair, BMO Capital Markets and Truist contrast with three Hold and four Sell ratings, producing a consensus “Reduce” rating and $34.75 target price.
• Robert Half reported quarterly EPS of $0.26 and revenue of $1.34 billion, while revenue fell 2.4% year over year. The company declared a $0.59 quarterly dividend, equivalent to a 5.5% yield, although its 205.22% payout ratio appears high.

Cornerstone Capital Inc. acquired a new stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 265,028 shares of the business services provider's stock, valued at approximately $8,136,000. Cornerstone Capital Inc. owned approximately 0.26% of Robert Half as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RHI. Assenagon Asset Management S.A. bought a new stake in Robert Half during the second quarter valued at $7,727,000. M&T Bank Corp lifted its position in shares of Robert Half by 5,652.2% in the 4th quarter. M&T Bank Corp now owns 442,520 shares of the business services provider's stock worth $12,019,000 after buying an additional 434,827 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in shares of Robert Half in the 1st quarter worth about $497,000. Royce & Associates LP boosted its holdings in shares of Robert Half by 2,657.4% in the 4th quarter. Royce & Associates LP now owns 322,201 shares of the business services provider's stock valued at $8,751,000 after buying an additional 310,516 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of Robert Half by 25.0% during the 1st quarter. California State Teachers Retirement System now owns 119,848 shares of the business services provider's stock valued at $3,044,000 after buying an additional 23,994 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RHI shares. William Blair upgraded shares of Robert Half from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 21st. BMO Capital Markets upgraded Robert Half from a "market perform" rating to an "outperform" rating and set a $47.00 target price for the company in a research note on Monday, July 27th. Weiss Ratings raised Robert Half from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, June 17th. Zacks Research upgraded Robert Half from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Finally, Truist Financial raised their price target on Robert Half from $40.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $34.75.

Trending Headlines about Robert Half

Here are the key news stories impacting Robert Half this week:

• Positive Sentiment: Zacks raised its EPS forecasts for the second quarter of fiscal 2027 to $0.47 from $0.46 and for the third quarter of fiscal 2027 to $0.64 from $0.57, suggesting some improvement is expected later in the forecast period.
• Neutral Sentiment: Zacks kept its broader earnings outlook at $2.00 EPS for fiscal 2027 and projects $2.45 EPS for fiscal 2028. The firm’s current-year consensus estimate remains $1.29 per share, while its overall Hold rating signals limited conviction in a near-term upside catalyst.
• Negative Sentiment: Zacks reduced its fiscal 2026 EPS estimate to $1.27 from $1.32, cut fourth-quarter 2026 EPS to $0.40 from $0.44, and lowered first-quarter 2027 EPS to $0.32 from $0.43. These revisions indicate softer near-term profitability expectations.
• Negative Sentiment: The firm also cut its second-quarter 2028 EPS forecast to $0.56 from $0.64 and fiscal 2028 EPS to $2.45 from $2.77. The sizable long-term reduction may weigh on valuation, particularly because Robert Half’s shares are trading near their 52-week high and at an elevated earnings multiple.

Robert Half Stock Performance

Robert Half stock opened at $43.17 on Friday. Robert Half Inc. has a one year low of $21.83 and a one year high of $44.47. The company has a 50-day simple moving average of $35.94 and a 200-day simple moving average of $29.71. The firm has a market capitalization of $4.42 billion, a P/E ratio of 37.54 and a beta of 0.79.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $0.41 EPS. Robert Half's quarterly revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, August 25th. Robert Half's payout ratio is 205.22%.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half's shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.

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