Reliant Investment Management Exits Position in Robert Half International (RHI)

Robert Half International (RHI) : Reliant Investment Management has sold out all of its stake in Robert Half International during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 56,555 shares of Robert Half International which is valued at $2,081,790.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in RHI by selling 611 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 35,796 shares of RHI which is valued at $1,317,651.Quantitative Systematic Strategies reduced its stake in RHI by selling 5,484 shares or 17.04% in the most recent quarter. The Hedge Fund company now holds 26,705 shares of RHI which is valued at $975,801. Robert Half International makes up approx 0.42% of Quantitative Systematic Strategies’s portfolio.Advisory Services Network boosted its stake in RHI in the latest quarter, The investment management firm added 155 additional shares and now holds a total of 275 shares of Robert Half International which is valued at $10,137. Wealthtrust-arizona sold out all of its stake in RHI during the most recent quarter. The investment firm sold 56 shares of RHI which is valued $2,295. Sunnymeath Asset Management sold out all of its stake in RHI during the most recent quarter. The investment firm sold 15,300 shares of RHI which is valued $616,437.

Robert Half International closed down -0.02 points or -0.05% at $36.79 with 9,59,982 shares getting traded on Thursday. Post opening the session at $36.74, the shares hit an intraday low of $36.5 and an intraday high of $36.83 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Robert Half International reported $0.64 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $0.64. The company had revenue of $1302.60 million for the quarter, compared to analysts expectations of $1297.28 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Many Wall Street Analysts have commented on Robert Half International. Shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Outperform” and Lowered the Price Target to $ 42 from a previous price target of $48 .Robert Half International was Downgraded by BofA/Merrill to ” Neutral” on Jul 13, 2016.

Robert Half International Inc. is engaged in providing specialized staffing and risk consulting services. The Company provides staffing and risk consulting services through the divisions: Accountemps Robert Half Finance & Accounting OfficeTeam Robert Half Technology Robert Half Management Resources Robert Half Legal The Creative Group and Protiviti. The Company operates through three segments: temporary and consultant staffing permanent placement staffing and risk consulting and internal audit services. The temporary and consultant segment provides specialized staffing in the accounting and finance administrative and office information technology legal advertising marketing and Web design fields. The permanent placement segment provides full-time personnel in the accounting finance administrative and office and information technology fields. The risk consulting segment provides business and technology risk consulting and internal audit services.

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