Fenimore Asset Management Inc. Has $15.81 Million Stake in Robert Half International Inc. (RHI)

Fenimore Asset Management Inc. grew its position in Robert Half International Inc. (NYSE:RHI) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 276,316 shares of the business services provider’s stock after acquiring an additional 11,050 shares during the period. Fenimore Asset Management Inc. owned about 0.23% of Robert Half International worth $15,805,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Raymond James & Associates boosted its holdings in shares of Robert Half International by 0.6% in the second quarter. Raymond James & Associates now owns 144,372 shares of the business services provider’s stock valued at $9,399,000 after acquiring an additional 790 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Robert Half International by 14.2% in the third quarter. Pacer Advisors Inc. now owns 6,549 shares of the business services provider’s stock valued at $461,000 after acquiring an additional 816 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Robert Half International by 4.5% in the third quarter. Meeder Asset Management Inc. now owns 18,916 shares of the business services provider’s stock valued at $1,332,000 after acquiring an additional 817 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of Robert Half International by 7.4% in the second quarter. Bank of Nova Scotia now owns 13,465 shares of the business services provider’s stock valued at $876,000 after acquiring an additional 932 shares in the last quarter. Finally, Hutchinson Capital Management CA boosted its holdings in Robert Half International by 0.4% during the third quarter. Hutchinson Capital Management CA now owns 232,015 shares of the business services provider’s stock worth $16,329,000 after buying an additional 957 shares in the last quarter. 92.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE RHI traded up $0.33 on Friday, hitting $58.52. The company’s stock had a trading volume of 23,219 shares, compared to its average volume of 1,079,742. Robert Half International Inc. has a 12-month low of $51.35 and a 12-month high of $79.91. The company has a market capitalization of $7.09 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.14 and a beta of 1.23.

Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Robert Half International had a net margin of 6.49% and a return on equity of 36.34%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities research analysts expect that Robert Half International Inc. will post 3.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 23rd were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Wednesday, November 21st. Robert Half International’s dividend payout ratio is presently 43.08%.

A number of analysts recently commented on the stock. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded shares of Robert Half International from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. decreased their price objective on shares of Robert Half International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 24th. BMO Capital Markets boosted their price objective on shares of Robert Half International from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, October 24th. Finally, Bank of America assumed coverage on shares of Robert Half International in a report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price objective on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $69.73.

ILLEGAL ACTIVITY NOTICE: “Fenimore Asset Management Inc. Has $15.81 Million Stake in Robert Half International Inc. (RHI)” was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.themarketsdaily.com/2019/01/11/fenimore-asset-management-inc-has-15-81-million-stake-in-robert-half-international-inc-rhi.html.

Robert Half International Company Profile

Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.

Featured Story: Rule of 72

Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

Receive News & Ratings for Robert Half International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply