SCHEDULE: Orbis Investment Management Discloses Stake in Robert Half

Orbis Investment Management Ltd. has filed a Schedule 13G, reporting beneficial ownership of 9.7% of Robert Half Inc.'s common stock as of June 30, 2026.

Summary

• Orbis Investment Management Ltd. has filed an amended Schedule 13G, indicating a change in its beneficial ownership of Robert Half Inc. common stock.
• As of June 30, 2026, Orbis Investment Management Ltd. beneficially owns 9,877,840 shares, representing 9.7% of the class of securities.
• This filing is an amendment to a previous filing, with the event requiring this statement occurring on June 30, 2026.
• Orbis Investment Management Ltd. is organized in Bermuda and is classified as an investment adviser (IA).

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as neutral to slightly negative, as it primarily reports a change in beneficial ownership without providing new operational or financial performance data. The significant stake held by Orbis Investment Management Ltd. is noted, but the filing itself does not offer insights into the company's future prospects or current health.

Positives

• Orbis Investment Management Ltd. has disclosed its significant beneficial ownership, providing transparency to the market regarding a major shareholder.
• The filing indicates that the shares were acquired and are held in the ordinary course of business, not for the purpose of influencing control.

Negatives

• The filing does not provide any new financial performance data or operational updates for Robert Half Inc., limiting its immediate insight into the company's health.
• The disclosure of a significant stake by an investment management firm could be interpreted by some as a precursor to activist involvement, though the filing explicitly denies this intent.

Risks

• While Orbis Investment Management Ltd. certifies that the shares were not acquired to influence control, a significant stake could still lead to increased scrutiny or potential future engagement with management.
• The filing does not detail the specific investment strategy or rationale behind Orbis's stake, leaving room for speculation among investors.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Robert Half Inc.'s future performance. It solely reports on beneficial ownership.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."
• "By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Orbis Investment Management Ltd is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s)."
• "I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in public companies. Orbis Investment Management Ltd.'s disclosure of a 9.7% stake in Robert Half Inc. places it among the larger institutional holders, a common occurrence in the staffing and HR services industry where large, stable companies often attract institutional investment.

Stakeholder Impact

• Shareholders: Increased transparency regarding a significant institutional investor's holdings may influence market perception and trading activity.
• Management: May face increased engagement or scrutiny from Orbis Investment Management Ltd., despite the filing's certification against control influence.

Next Steps

• Orbis Investment Management Ltd. will continue to hold its shares in Robert Half Inc. in the ordinary course of business.
• Orbis Investment Management Ltd. undertakes to furnish information to the SEC staff upon request.

Key Dates

Keywords

Robert Half, Orbis Investment Management, Schedule 13G, Beneficial Ownership, Investment Management, Securities, Shareholder