Fenimore Asset Management Inc. acquired a new position in shares of Robert Half International Inc. (NYSE:RHI) during the third quarter, Holdings Channel reports. The firm acquired 252,801 shares of the company’s stock, valued at approximately $9,571,000.
Several other large investors have also recently bought and sold shares of RHI. Creative Planning raised its position in shares of Robert Half International by 1.2% in the second quarter. Creative Planning now owns 2,686 shares of the company’s stock valued at $102,000 after buying an additional 33 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of Robert Half International during the second quarter valued at about $134,000. Synovus Financial Corp raised its position in shares of Robert Half International by 0.4% in the second quarter. Synovus Financial Corp now owns 3,650 shares of the company’s stock valued at $137,000 after buying an additional 16 shares in the last quarter. Oakworth Capital Inc. raised its position in shares of Robert Half International by 18.1% in the second quarter. Oakworth Capital Inc. now owns 3,514 shares of the company’s stock valued at $146,000 after buying an additional 538 shares in the last quarter. Finally, Tredje AP fonden raised its position in shares of Robert Half International by 756.0% in the second quarter. Tredje AP fonden now owns 4,280 shares of the company’s stock valued at $163,000 after buying an additional 3,780 shares in the last quarter. 85.17% of the stock is currently owned by institutional investors.
Shares of Robert Half International Inc. (NYSE:RHI) opened at 38.25 on Thursday. Robert Half International Inc. has a 12-month low of $34.34 and a 12-month high of $54.01. The stock has a market cap of $4.92 billion, a P/E ratio of 13.70 and a beta of 1.26. The company’s 50-day moving average is $37.88 and its 200-day moving average is $39.58.
Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, July 26th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.02. Robert Half International had a net margin of 6.94% and a return on equity of 35.42%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm posted $0.67 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts anticipate that Robert Half International Inc. will post $2.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Tuesday, August 23rd. Robert Half International’s dividend payout ratio (DPR) is presently 31.54%.
Several research analysts recently issued reports on RHI shares. Credit Suisse Group AG reissued a “hold” rating on shares of Robert Half International in a research note on Monday, June 27th. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Bank of America Corp. downgraded shares of Robert Half International from a “buy” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a report on Wednesday, July 13th. BMO Capital Markets downgraded shares of Robert Half International from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $45.00 to $36.00 in a report on Wednesday, July 27th. Finally, Royal Bank Of Canada lowered their price objective on shares of Robert Half International from $48.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $45.53.
In other news, insider Robert W. Glass sold 30,061 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $36.93, for a total transaction of $1,110,152.73. Following the sale, the insider now owns 340,972 shares in the company, valued at approximately $12,592,095.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.40% of the company’s stock.
Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.