Cornerstone Capital Inc. Invests $8.14 Million in Robert Half Inc. $RHI

Cornerstone Capital Inc. purchased a new stake in shares of Robert Half Inc. (NYSE:RHI) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 265,028 shares of the business services provider’s stock, valued at approximately $8,136,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC grew its position in Robert Half by 24.8% in the 3rd quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock valued at $262,953,000 after buying an additional 1,537,245 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Robert Half by 35.8% during the 1st quarter. Pzena Investment Management LLC now owns 5,966,734 shares of the business services provider’s stock worth $151,555,000 after buying an additional 1,571,883 shares in the last quarter. Capital World Investors lifted its stake in shares of Robert Half by 36.0% in the 4th quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock worth $160,306,000 after acquiring an additional 1,561,146 shares during the period. State Street Corp lifted its stake in shares of Robert Half by 2.7% in the 2nd quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock worth $200,055,000 after acquiring an additional 127,322 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Robert Half by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,981,198 shares of the business services provider’s stock valued at $108,129,000 after acquiring an additional 131,035 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Key Stories Impacting 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.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Truist Financial increased their price target on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Robert W. Baird set a $47.00 price target on Robert Half in a research report on Monday, July 27th. Finally, BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective on the stock in a research note on Monday, July 27th. Three investment 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, Robert Half currently has an average rating of “Reduce” and an average target price of $34.75.

Robert Half Trading Down 1.4%

NYSE:RHI opened at $43.17 on Friday. Robert Half Inc. has a twelve month low of $21.83 and a twelve month high of $44.47. The company has a 50-day moving average of $35.94 and a 200-day moving average of $29.71. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 37.54 and a beta of 0.79.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, research analysts forecast that Robert Half Inc. will post 1.27 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a $0.59 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 5.5%. 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.