UPDATE: Piper Jaffray Color On KNXA Target Increase

Piper Jaffray, which

on shares of Kenexa Corp.

, 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.

and SuccessFactors, Inc.

, as Kenexa added more marquis accounts including Ford Motor Company

, Cisco

, and CapGemini.” Kenexa closed Tuesday at $28.48.