UPDATE: Piper Jaffray Color On KNXA Target Increase

Piper Jaffray, which raised its PT on shares of Kenexa Corp. KNXA, is providing some color on the stock. “Kenexa reported $63M revenue, above consensus of $61M, and $0.15 PF EPS, above consensus of $0.14,” Piper Jaffray writes. “Revenue grew 59% y/y, faster than comparably-sized HCM competitors Taleo Corp. TLEO and SuccessFactors, Inc. SFSF, as Kenexa added more marquis accounts including Ford Motor Company F, Cisco CSCO, and CapGemini.” Kenexa closed Tuesday at $28.48.