US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>Index Committee's discretion decreases the predictability of index changes. Even when a company passes all eligibility criteria and thresholds, it might still not be selected.</li>
<li>Understanding triggers for index changes, types of additions/deletions and selection patterns, narrows down the pool of candidates and increases conviction of forecasts.</li>
<li>
<a href="https://www.smartkarma.com/entities/dell-technologies-inc" target="_blank" data-smartkarma-citation="entities:32189:1" rel="noopener">Dell Technologies (DELL US)</a> is currently the main candidate to be added by transition to the S&amp;P 500 in September 2024 Quarterly Rebalance.</li>
</ul>


Index Committee's discretion decreases the predictability of index changes. Even when a company passes all eligibility criteria and thresholds, it might still not be selected.
Understanding triggers for index changes, types of additions/deletions and selection patterns, narrows down the pool of candidates and increases conviction of forecasts.

Dell Technologies (DELL US) is currently the main candidate to be added by transition to the S&amp;P 500 in September 2024 Quarterly Rebalance.


S&P 500 / S&P 1500: Deriving Forecasts & First Prediction for September

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Robert Half International's financial performance in the fourth quarter of 2025 presents a mixed picture with both challenges and encouraging signs.</li><li>The company reported a decline in global revenues to $1.302 billion, down by 6% compared to the previous year on a reported basis, and a 7% decrease when adjusted for billing days and foreign currency fluctuations.</li><li>This decrease marked a continued struggle in revenue generation on a year-over-year basis, impacted significantly by the performance of both the Talent Solutions and Protiviti divisions.</li></ul>

Robert Half International's financial performance in the fourth quarter of 2025 presents a mixed picture with both challenges and encouraging signs.The company reported a decline in global revenues to $1.302 billion, down by 6% compared to the previous year on a reported basis, and a 7% decrease when adjusted for billing days and foreign currency fluctuations.This decrease marked a continued struggle in revenue generation on a year-over-year basis, impacted significantly by the performance of both the Talent Solutions and Protiviti divisions.

Robert Half International: How Protiviti Is Powering the Next Phase of Tech Consulting Growth!

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>On Friday, the S&amp;P index committee announced the June 2024 changes to the three major indices in the S&amp;P1500 universe. </li>
<li>KKR, Crowdstrike (CRWD), and GoDaddy (GDDY) replace Robert Half (RHI), Comerica (CMA), and Illumina (ILMN) in the S&amp;P500. There are 6 ADDs to S&amp;PMidCap400, 13 DELETEs from Sm600. </li>
<li>There are some BIG and impactful flows here. Some are very big. Netted 2-way flow on 21 June is ~US$66-80bn. But as always, details matter. </li>
</ul>


On Friday, the S&amp;P index committee announced the June 2024 changes to the three major indices in the S&amp;P1500 universe. 
KKR, Crowdstrike (CRWD), and GoDaddy (GDDY) replace Robert Half (RHI), Comerica (CMA), and Illumina (ILMN) in the S&amp;P500. There are 6 ADDs to S&amp;PMidCap400, 13 DELETEs from Sm600. 
There are some BIG and impactful flows here. Some are very big. Netted 2-way flow on 21 June is ~US$66-80bn. But as always, details matter. 


Jun24 S&P 500/400/600 Index Rebal - Both More and Less Interesting Than You Think, But 3 Big Buys

<ul><li>Robert Half International (RHI) recently held a conference call to discuss their third quarter 2025 financial results, where they presented a mixed performance influenced by both positive trends and ongoing challenges in the staffing and consulting sectors.</li><li>Starting with the financial performance, global enterprise revenues for the third quarter were reported at $1.354 billion, reflecting an 8% decline compared to the previous year.</li><li>The earnings per share (EPS) also saw a year-over-year decline, coming in at $0.43 compared to $0.64 a year ago.</li></ul>

Robert Half International (RHI) recently held a conference call to discuss their third quarter 2025 financial results, where they presented a mixed performance influenced by both positive trends and ongoing challenges in the staffing and consulting sectors.Starting with the financial performance, global enterprise revenues for the third quarter were reported at $1.354 billion, reflecting an 8% decline compared to the previous year.The earnings per share (EPS) also saw a year-over-year decline, coming in at $0.43 compared to $0.64 a year ago.

Robert Half International: Matching Engines

<ul><li>Robert Half's latest earnings for Q2 2025 presents a mixed picture with some notable challenges and opportunities for its business units.</li><li>The company's global revenues were reported at $1.37 billion, reflecting a 7% year-over-year decline.</li><li>This decline was in line with the midpoint of the company's previous guidance.</li></ul>

Robert Half's latest earnings for Q2 2025 presents a mixed picture with some notable challenges and opportunities for its business units.The company's global revenues were reported at $1.37 billion, reflecting a 7% year-over-year decline.This decline was in line with the midpoint of the company's previous guidance.

Robert Half International: An Insight Into Its Protiviti Growth

United States

Robert Half International, Inc. provides temporary and permanent staffing services.  The Company supplies temporary, full-time and project accounting and finance professionals; temporary administrative support personnel; information technology professionals; temporary, project and full-time lawyers, paralegals and support personnel; and advertising, marketing, and web design professionals.

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Robert Half Intl (RHI US)

S&P 500 / S&P 1500: Deriving Forecasts & First Prediction for September

S&P Index Committee's discretion reduces predictability of index changes. Identifying patterns and types of changes, narrows down the addition...

Dimitris Ioannidis

Robert Half International: How Protiviti Is Powering the Next Phase of Tech Consulting Growth!

Robert Half International's financial performance in the fourth quarter of 2025 presents a mixed picture with both challenges and encouraging...

Baptista Research

Jun24 S&P 500/400/600 Index Rebal - Both More and Less Interesting Than You Think, But 3 Big Buys

The S&P500/400/600 rebalance is interesting. As usual, some names will get overbought early, and others will not get bought enough. For a bunch of...

Travis Lundy

Robert Half International: Matching Engines

Robert Half International (RHI) recently held a conference call to discuss their third quarter 2025 financial results, where they presented a...

Baptista Research

Robert Half International: An Insight Into Its Protiviti Growth

Robert Half's latest earnings for Q2 2025 presents a mixed picture with some notable challenges and opportunities for its business units. The...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

S&P 500 / S&P 1500: Deriving Forecasts & First Prediction for September

S&P ​Index Committee's discretion reduces predictability of index changes. Identifying patterns and types of changes, narrows down the addition...

Dimitris Ioannidis

Robert Half International: How Protiviti Is Powering the Next Phase of Tech Consulting Growth!

Robert Half International's financial performance in the fourth quarter of 2025 presents a mixed picture with both challenges and encouraging...

Baptista Research

Jun24 S&P 500/400/600 Index Rebal - Both More and Less Interesting Than You Think, But 3 Big Buys

The S&P500/400/600 rebalance is interesting. As usual, some names will get overbought early, and others will not get bought enough. For a bunch of...

Travis Lundy

Robert Half International: Matching Engines

Robert Half International (RHI) recently held a conference call to discuss their third quarter 2025 financial results, where they presented a...

Baptista Research

Robert Half International: An Insight Into Its Protiviti Growth

Robert Half's latest earnings for Q2 2025 presents a mixed picture with some notable challenges and opportunities for its business units. The...

Baptista Research

S&P Index Committee's discretion reduces predictability of index changes. Identifying patterns and types of changes, narrows down the addition...