M&T Bank Corp Grows Position in Robert Half Inc. $RHI

Key Points

• M&T Bank increased its stake in Robert Half by 5,652.2% in Q4, adding 434,827 shares to hold 442,520 shares (about 0.44% of the company, ~$12.0M); other institutions including AQR and Capital World also made large buys, leaving 92.41% of the stock owned by institutional investors.
• Robert Half's Q1 results matched EPS estimates at $0.14 but missed revenue ($1.30B vs. ~$1.34B) and showed a 3.8% YoY revenue decline, with management cautious on staffing demand and analyst sentiment mixed (consensus rating: "Reduce").
• The company pays a hefty quarterly dividend of $0.59 (annualized $2.36) for an 8.7% yield

M&T Bank Corp increased its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 5,652.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 442,520 shares of the business services provider's stock after buying an additional 434,827 shares during the period. M&T Bank Corp owned about 0.44% of Robert Half worth $12,019,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RHI. AQR Capital Management LLC increased its stake in shares of Robert Half by 190.5% during the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider's stock worth $254,560,000 after buying an additional 4,066,328 shares during the period. Capital World Investors increased its stake in shares of Robert Half by 460.5% during the third quarter. Capital World Investors now owns 4,341,133 shares of the business services provider's stock worth $147,512,000 after buying an additional 3,566,645 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Robert Half by 1,478.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,145,456 shares of the business services provider's stock worth $47,021,000 after buying an additional 1,072,895 shares during the period. Pzena Investment Management LLC increased its stake in shares of Robert Half by 33.8% during the third quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider's stock worth $108,055,000 after buying an additional 802,691 shares during the period. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Robert Half by 40.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider's stock worth $66,297,000 after buying an additional 707,078 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Price Performance

Shares of RHI opened at $27.16 on Friday. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $48.54. The stock has a market cap of $2.78 billion, a PE ratio of 20.42 and a beta of 0.85. The firm has a fifty day moving average price of $24.84 and a 200 day moving average price of $27.19.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting analysts' consensus estimates of $0.14. Robert Half had a net margin of 2.47% and a return on equity of 10.26%. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the previous year, the company earned $0.17 earnings per share. Robert Half's quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts expect that Robert Half Inc. will post 1.53 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Wednesday, February 25th were given a $0.59 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 8.7%. Robert Half's payout ratio is 177.44%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Robert Half in a research note on Monday, December 29th. Robert W. Baird set a $50.00 target price on shares of Robert Half in a research note on Friday, January 30th. Zacks Research upgraded shares of Robert Half from a "strong sell" rating to a "hold" rating in a research note on Monday, February 2nd. The Goldman Sachs Group increased their price target on shares of Robert Half from $24.00 to $27.00 and gave the company a "sell" rating in a research note on Tuesday, February 3rd. Finally, Barclays dropped their price target on shares of Robert Half from $36.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Robert Half presently has an average rating of "Reduce" and a consensus target price of $31.75.

Robert Half News Summary

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

• Positive Sentiment: Analyst support: William Blair upgraded RHI ahead of results, citing the company’s balance sheet and potential upside if demand improves. William Blair upgrade
• Positive Sentiment: Balance-sheet strength: Coverage highlights Robert Half as well‑financed and effectively debt‑free, which reduces financing risk and gives flexibility to weather a slow staffing recovery. Debt-free analysis
• Neutral Sentiment: Earnings release: Management reported Q1 results and provided the formal press release and call; EPS matched consensus at $0.14. Press release
• Neutral Sentiment: EPS context: Multiple outlets (Zacks, MSN) note Q1 EPS of $0.14 was in line with estimates but below last year’s $0.17, signaling profit pressure even as expectations were met. EPS match analysis
• Negative Sentiment: Revenue miss and slowdown: Revenue was $1.30B vs. consensus ~$1.34B and fell ~3.8% year-over-year — the miss and YoY decline are key drivers of investor disappointment. Q1 earnings snapshot
• Negative Sentiment: Demand uncertainty: Pre- and post‑earnings coverage warns the staffing-demand recovery is still a test — cautious commentary on the call and industry outlook is weighing on sentiment. Demand recovery article
• Negative Sentiment: Earnings call tone: The Q1 earnings call transcript shows management navigating a soft revenue backdrop and did not materially change the upside narrative, reinforcing investor caution. Earnings call transcript

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.