Robert Half Falls as Profit Slumps and Protiviti Margins Come Under Pressure

Robert Half (RHI) is down 6.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The sell-off appears tied to the company’s second-quarter report, which showed another year-over-year decline in revenue and a much steeper drop in earnings. Even though results were around expectations and management pointed to improving hiring demand, investors may be focusing on weaker profitability, a reported operating loss, and continued softness at Protiviti.

Details:

Second-quarter revenue was $1.336 billion, down from $1.370 billion a year earlier, while diluted earnings per share fell to $0.26 from $0.41.

The company posted a reported operating loss of $62 million in the quarter, while adjusted operating income was $39 million, suggesting margin pressure remained a key issue.

Protiviti revenue declined 5% on an adjusted basis, and management said shifting conditions in the U.S. financial services regulatory environment led to cost actions, including $7 million in severance costs.

Management’s third-quarter outlook called for revenue of $1.310 billion to $1.410 billion, with midpoint guidance implying Protiviti revenue would remain below last year even as talent solutions improves.

Sources:

Robert Half, Zacks, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$RHI Hedge Fund Activity

We have seen 195 institutional investors add shares of $RHI stock to their portfolio, and 197 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ORBIS ALLAN GRAY LTD added 7,545,564 shares (+inf%) to their portfolio in Q1 2026, for an estimated $191,657,325
BLACKROCK, INC. removed 3,066,197 shares (-19.3%) from their portfolio in Q1 2026, for an estimated $77,881,403
BANK OF MONTREAL /CAN/ added 2,292,049 shares (+17677.4%) to their portfolio in Q1 2026, for an estimated $58,218,044
JACOBS LEVY EQUITY MANAGEMENT, INC removed 1,679,504 shares (-80.8%) from their portfolio in Q1 2026, for an estimated $42,659,401
PZENA INVESTMENT MANAGEMENT LLC added 1,571,883 shares (+35.8%) to their portfolio in Q1 2026, for an estimated $39,925,828
MILLENNIUM MANAGEMENT LLC added 1,437,867 shares (+1905.5%) to their portfolio in Q1 2026, for an estimated $36,521,821
POINT72 ASSET MANAGEMENT, L.P. added 1,372,798 shares (+169.2%) to their portfolio in Q1 2026, for an estimated $34,869,069

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$RHI Analyst Ratings

Wall Street analysts have issued reports on $RHI in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

William Blair issued a "Outperform" rating on 04/21/2026
Truist Securities issued a "Buy" rating on 02/02/2026

To track analyst ratings and price targets for $RHI, check out Quiver Quantitative's $RHI forecast page.

$RHI Price Targets

Multiple analysts have issued price targets for $RHI recently. We have seen 5 analysts offer price targets for $RHI in the last 6 months, with a median target of $31.0.

Here are some recent targets:

Manav Patnaik from Barclays set a target price of $25.0 on 03/06/2026
Jeffrey Silber from BMO Capital set a target price of $32.0 on 02/17/2026
George Tong from Goldman Sachs set a target price of $27.0 on 02/03/2026
Tobey Sommer from Truist Securities set a target price of $40.0 on 02/02/2026
Andrew Steinerman from JP Morgan set a target price of $31.0 on 01/30/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.