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Stock Market & Financial Investment News

News Breaks
March 7, 2014
10:58 EDTKFY, HSII, MAN, CTPKorn/Ferry hits new 52-week high after better than expected results, guidance
Shares of executive recruitment company Korn/Ferry (KFY) hit a new 52-week high after easily beating third quarter estimates. WHAT'S NEW: Last night, Korn/Ferry reported Q3 adjusted earnings per share of 43c and revenue of $251M against consensus views of 34c and $229.23M. Q4 EPS was forecast at 35c-41c versus analysts’ estimates of 37c. Q4 fee revenue was seen at $240M-$250M. ANALYST REACTON: This morning, research firm SunTrust Robinson Humphrey raised its price target on Korn/Ferry to $34 from $30 and maintained a Buy rating on the shares. The firm said the company’s exposure to improving markets should create market share gain and cause its multiple to expand. Another firm, William Blair, maintained its Outperform rating on the stock. The firm said the stock remains attractive with potential for double-digit earnings growth and modest upside to estimates. PRICE ACTION: In early morning trading, Korn/Ferry rose $2.77, or 10.7%, to $28.60 on nearly three times its average daily trading volume. Earlier in the session, the stock made a new 52-week high of $29.06. Over the past 12 months, the stock has gained approximately 60%. OTHERS TO WATCH: Others in the recruitment industry include Heidrick & Stuggles (HSII), ManpowerGroup (MAN), and CTPartners Executive Search (CTP).
News For KFY;HSII;MAN;CTP From The Last 14 Days
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September 26, 2014
10:09 EDTMANHigh option volume stocks
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September 25, 2014
10:06 EDTKFY, MANOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 58.com (WUBA) initiated with a Neutral at Goldman... Auspex Pharmaceuticals (ASPX) initiated with a Buy at Ladenburg... Finjan Holdings (FNJN) initiated with a Buy at H.C. Wainwright... JD.com (JD) initiated with an Outperform at Macquarie... Korn/Ferry (KFY) initiated with a Neutral at Piper Jaffray... Manpower (MAN) initiated with an Overweight at Piper Jaffray... On Assignment (ASGN) initiated with an Overweight at Piper Jaffray... Robert Half (RHI) initiated with a Neutral at Piper Jaffray... Towers Watson (TW) initiated with an Overweight at Piper Jaffray.
September 24, 2014
16:13 EDTMANManpower initiated with an Overweight at Piper Jaffray
Target $90.
16:12 EDTKFYKorn/Ferry initiated with a Neutral at Piper Jaffray
Target $30.
September 23, 2014
14:54 EDTHSIIAzzurro Capital lowers stake in Heidrick & Struggles to 5.16% from 7.7%
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September 22, 2014
06:55 EDTMANManpower removed from short-term buy list at Deutsche Bank
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