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Stock Market & Financial Investment News

News Breaks
March 7, 2014
10:58 EDTMAN, HSII, CTP, KFYKorn/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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June 30, 2015
07:58 EDTKFYKorn/Ferry management to meet with SunTrust
Meetings to be held in the Midwest July 6-8 hosted by SunTrust.
07:15 EDTHSIIExecutives' Club of Chicago to hold a discussion
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June 29, 2015
06:15 EDTCTPCTPartners expecting to file for bankruptcy, NY Post reports
Wall Street headhunter CTPartners is expected to file for bankruptcy on Tuesday after accusations of “rampant” sexual discrimination, the New York Post reports. Barring any “white knight,” CTPartners will likely close its doors and be sold off in bits to its nearest rival, the report says. Reference Link
June 25, 2015
16:16 EDTMANGlenview Capital Management reports 7.24% passive stake in Manpower
June 23, 2015
09:14 EDTCTPOn The Fly: Pre-market Movers
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June 22, 2015
18:38 EDTCTPCTPartners says exclusivity period for negotiations with DHR International ends
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