BMO Capital Adjusts Robert Half (RHI) Forecast as Profit Recovery Slows

Core Insights - Robert Half Inc. (NYSE:RHI) is recognized as one of the 13 most promising long-term stocks to buy according to hedge funds [1] - BMO Capital has lowered its price target for Robert Half from $35 to $32, maintaining a Market Perform rating due to a $17 million cost-action charge expected to impact profitability recovery into Q2 2026 [2] - The company's Q4 2025 earnings report indicated a global enterprise revenue of $1.302 billion, reflecting a 6% decline year-over-year on a reported basis and a 7% decrease on an adjusted basis, although there are signs of stabilization [2][3] Financial Performance - CEO M. Waddell noted that the company experienced positive sequential revenue growth on a same-day constant currency basis for the first time in over three years [2] - Operating cash flow for the quarter reached $183 million, an 18% increase compared to Q4 2024, and the company returned capital to shareholders with a dividend of $0.59 per share [3] Business Overview - Robert Half Inc. provides talent solutions and business consulting services through its Robert Half and Protiviti brands, organized into three segments: contract talent solutions, permanent placement talent solutions, and Protiviti [4]