Shares of the leading specialized staffing firm
Robert Half International Inc.
), reached a 52-week high of $41.24 on Friday, Dec 20, 2013
following the launch of a mobile application, Protiviti Mobiliti,
by Protiviti, the wholly owned subsidiary of RHI
The closing price of Robert Half on Dec 20 was $41.16,
yielding a year-to-date return of 26.4%.
Share Price Drivers
Protiviti, the global consulting firm, has announced the
launch of its Protiviti Mobiliti, which is targeted at on-the-go
professionals. The mobile application provides the latest
reports, surveys and podcasts about governance, risk, compliance
and internal audit.
This will help professionals improve their businesses by
providing insights to its users. The content can be browsed by
popularity, industry and topic.
The product launch will help Robert Half boost its already
strong top-line results.In fact, Protiviti has been contributing
significantly in driving revenues and operating growth of the
company. In the U.S., the technology sector leads the way as far
as hiring is concerned, which is reflected in Protiviti's
The company has been witnessing growth across all consulting
solutions, particularly technology and risk and regulatory
compliance in the financial services industry. It is believed
that the shortage of skills in these areas, especially technology
and accounting, has spurred the growth. Protiviti is expected to
continue its growth momentum in the upcoming quarters with the
expectation of an improving economy in 2014 and beyond.
Other Stocks to Consider
Robert Half carries a Zacks Rank #3 (Hold). Some better-ranked
stocks in the business services sector include
On Assignment Inc.
). All these stocks have a Zacks Rank #2 (Buy).
ON ASSIGNMENT (ASGN): Free Stock Analysis
KORN/FERRY INTL (KFY): Free Stock Analysis
MANPOWER INC WI (MAN): Free Stock Analysis
ROBT HALF INTL (RHI): Free Stock Analysis
To read this article on Zacks.com click here.