The world’s first and the largest specialized staffing firm Robert Half International Inc (RHI - Analyst Report) has been witnessing strong demand for specialized staffing and consulting services over the last few quarters. In order to focus more on its professional staffing brand, the company introduced a new logo and other design updates on Oct 1 for visual consistency across its lines of business.
The new logo is designed to put greater emphasis on the company’s staffing and consulting services, which are provided under the Robert Half brand. Moreover, the logo is easily readable in all digital media formats, which makes it easy to use. The company also announced that it will not use the word "international" in its corporate branding and instead will further stress on the name Robert Half. The company has also changed its corporate website address, which is now www.roberthalf.com.
Overall we remain encouraged with Robert Half’s sound fundamentals. The company is gaining from the growing demand for specialized staffing and consulting services, particularly in the U.S. Further, the improving global economic condition has increased demand for the company's temporary and permanent staffing services and risk consulting and internal audit services.
However, weak staffing demand outside the U.S., especially in Europe, is hurting revenues. Further, we believe that currency headwinds and a tough job scenario, particularly in Europe, are denting the demand for recruitment services.
Robert Half holds a Zacks Rank #3 (Hold). Other stocks in the business services sector that are performing well and are worth considering include Manpower, Inc. (MAN - Analyst Report) , Korn/Ferry International (KFY - Snapshot Report) and Insperity Inc (NSP - Analyst Report) . While Manpower and Korn/Ferry hold a Zacks Rank #1 (Strong Buy), Insperity carries a Zacks Rank #2 (Buy).