Robert Half hits all-time highs after strong Q2 results


Robert Half (RHI +6.4%) shares hit an all-time high after Q2 earnings and revenues beat Wall Street expectations, as the provider of professional staffing services cited improving labor markets and higher global demand.

RHI's Accountemps business, which provides financial professionals such as payroll clerks and accountants and accounts for more than one third of company revenue, saw revenue increase to $403M from $378.5M; OfficeTeam, which provides temporary and full-time administrative and office workers, saw revenue grow to $226.5M from $207.7M.

Deutsche Bank raises its RHI target price to $55 from $48.

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