Trade Report: The Fenimore Asset Management Inc. Acquires Shares of 252,801 Robert Half International Inc. (RHI)

The Fenimore Asset Management Inc. Acquires Shares of 252,801 Robert Half International Inc. (RHI)

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.

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