Billionaire Guru and GAMCO Investors founder, chairman and
CEO,
Mario Gabelli
has increased his shares of Kenexa Corporation (
KNXA
) by more than 95,000 shares, reported 10/04/2012, on
GuruFocus Real Time Picks
.
At $45.97 per share, the purchase amounted to a $4.3 million
investment, boosting his ownership of Kenexa to 6%, a total of
925,885 shares.
Kenexa is a global provider of business, human resources and
talent acquisition solutions. Some of the company's newest
business solutions lineup, announced yesterday, include Rapid
Hire, a new module and mobile user interface designed to hire
managers in high-volume industries, Kenexa's Mobile Feedback App,
which provides employers real-time employee feedback, and
CompAnalyst, a web-based tool that offers recommendations on
compensation aligned with a company's business strategies.
Kenexa maintains a 50.5 P/E ratio, a 4.5 P/S ratio, a Financial
Strength rank of 6 out of 10 and a Profitability and Growth of 4
out of 10. GuruFocus gives the company one Severe Warning Sign
indicating a low Piotroski F-Score, and three Medium Warning
signs, with its stock price close to a 10-year high, and both its
P/B and P/S ratios close to 3-year highs.
On Oct. 6, The Rosen Law Firm announced an investigation of
Kenexa's board of directors for possible breaches of fiduciary
duty and other violations of state law, all pertaining to
Kenexa's sale to IBM Corporation (
IBM
) in August.
As an information technology company, IBM bought out Kenexa for a
net price of about $1.3 billion at $46 per share. Kenexa would
complement IBM's social business and HR business services,
supporting IBM's study that revealed a growing need to increase
workforce efficiencies and business insights, according to an IBM
press release.
Under IBM's proposal terms, the Rosen Law Firm wishes to seek
answers to whether the price of $46 per Kenexa share is fair to
public shareholders, and whether the board's decision broke its
contract fiduciary duties by deciding on the offer.
With a market price of $208.12 per share, IBM has a market cap of
$240.66 billion, a P/E ratio of 14.8, a P/S ratio of 2.3, a
Financial Strength rank of 7 out of 10 and a Profitability and
Growth rank of 9 out of 10.
Aside from Gabelli, who also owns more than 57,000 IBM shares,
other Gurus who are IBM shareholders include Warren Buffet (
BRK.A
)(
BRK.B
) at 66 million shares and Bruce & Co.'s Robert Bruce at more
than 56,000 shares.
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