Spears Abacus Advisors buys $644,282 stake in Robert Half International (RHI)

Robert Half International (RHI) : Spears Abacus Advisors scooped up 578 additional shares in Robert Half International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 14,713 shares of Robert Half International which is valued at $644,282.Robert Half International makes up approximately 0.08% of Spears Abacus Advisors’s portfolio.

Other Hedge Funds, Including , Advisor Group boosted its stake in RHI in the latest quarter, The investment management firm added 1,676 additional shares and now holds a total of 19,989 shares of Robert Half International which is valued at $806,356. Robert Half International makes up approx 0.02% of Advisor Group’s portfolio.Quantitative Investment Management boosted its stake in RHI in the latest quarter, The investment management firm added 15,600 additional shares and now holds a total of 20,900 shares of Robert Half International which is valued at $780,824. Robert Half International makes up approx 0.03% of Quantitative Investment Management’s portfolio.Tci Wealth Advisors boosted its stake in RHI in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 113 shares of Robert Half International which is valued at $4,222.Stoneridge Investment Partners boosted its stake in RHI in the latest quarter, The investment management firm added 76,534 additional shares and now holds a total of 102,080 shares of Robert Half International which is valued at $3,819,834. Robert Half International makes up approx 0.57% of Stoneridge Investment Partners’s portfolio.

Robert Half International closed down -0.19 points or -0.42% at $44.76 with 14,85,815 shares getting traded on Monday. Post opening the session at $44.71, the shares hit an intraday low of $44.475 and an intraday high of $45.12 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Robert Half International reported $0.71 EPS for the quarter, based on the information available during the earnings call on Oct 26, 2016. Analyst had a consensus estimate of $0.71. The company had revenue of $1338.54 million for the quarter, compared to analysts expectations of $1361.03 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Investors should note that on Nov 1, 2016, Robert Half International announced a cash dividend of $0.2200. The company’s management has announced Nov 22, 2016 as the ex-dividend date and fixed the record date on Nov 25, 2016. The payable date has been fixed on Dec 15, 2016.

Many Wall Street Analysts have commented on Robert Half International. Robert Half International was Downgraded by Credit Suisse to ” Underperform” on Oct 3, 2016. Robert Half International was Downgraded by Northcoast to ” Sell” on Sep 29, 2016. Macquarie Initiated Robert Half International on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $43.

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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