Reinhart Partners buys $30,441,788 stake in Robert Half International (RHI)

Robert Half International (RHI) : Reinhart Partners scooped up 378,497 additional shares in Robert Half International during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 742,845 shares of Robert Half International which is valued at $30,441,788.Robert Half International makes up approximately 2.93% of Reinhart Partners’s portfolio.

Other Hedge Funds, Including , Hartford Investment Management Co reduced its stake in RHI by selling 489 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 31,733 shares of RHI which is valued at $1,300,418. Robert Half International makes up approx 0.03% of Hartford Investment Management Co’s portfolio.Sumitomo Life Insurance Co reduced its stake in RHI by selling 1,001 shares or 3.29% in the most recent quarter. The Hedge Fund company now holds 29,416 shares of RHI which is valued at $1,169,580. Robert Half International makes up approx 0.16% of Sumitomo Life Insurance Co’s portfolio.First Manhattan Co boosted its stake in RHI in the latest quarter, The investment management firm added 1,224,632 additional shares and now holds a total of 1,470,465 shares of Robert Half International which is valued at $58,465,688. Robert Half International makes up approx 0.35% of First Manhattan Co’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in RHI in the latest quarter, The investment management firm added 2,058 additional shares and now holds a total of 33,992 shares of Robert Half International which is valued at $1,314,131. Robert Half International makes up approx 0.03% of Exxonmobil Investment Management Inc Tx’s portfolio.

Robert Half International opened for trading at $39.69 and hit $40.54 on the upside on Wednesday, eventually ending the session at $40.29, with a gain of 1.87% or 0.74 points. The heightened volatility saw the trading volume jump to 7,20,613 shares. Company has a market cap of $5,291 M.

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. Robert Half International was Downgraded by BofA/Merrill to ” Neutral” on Jul 13, 2016. Robert Half International was Downgraded by Avondale to ” Mkt Perform” on Apr 27, 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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