Market Runner: Is Buying Piper Jaffray Companies Here a Winning Strategy?

Market Runner: Is Buying Piper Jaffray Companies Here a Winning Strategy?

The stock of Piper Jaffray Companies (NYSE:PJC) is a huge mover today! The stock increased 3.71% or $2.02 during the last trading session, hitting $56.55. About 243,101 shares traded hands or 172.71% up from the average. Piper Jaffray Companies (NYSE:PJC) has risen 12.58% since March 29, 2016 and is uptrending. It has outperformed by 9.11% the S&P500.
The move comes after 6 months positive chart setup for the $854.91M company. It was reported on Oct, 31 by Barchart.com. We have $83.69 PT which if reached, will make NYSE:PJC worth $410.36M more.

Analysts await Piper Jaffray Companies (NYSE:PJC) to report earnings on November, 3.

Piper Jaffray Companies (NYSE:PJC) Ratings Coverage

Out of 3 analysts covering Piper Jaffray (NYSE:PJC), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Piper Jaffray has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Keefe Bruyette & Woods on Friday, October 30. Zacks upgraded Piper Jaffray Companies (NYSE:PJC) on Tuesday, August 11 to “Hold” rating. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Friday, December 11. Sandler O’Neill initiated Piper Jaffray Companies (NYSE:PJC) rating on Tuesday, September 22. Sandler O’Neill has “Buy” rating and $43.0 price target.

According to Zacks Investment Research, “Piper Jaffray Companies is a focused securities firm dedicated to delivering superior financial advice, investment products and transaction execution within selected sectors of the financial services marketplace. They operate through two primary revenue-generating segments: Capital Markets and Private Client Services. Investment Research, an independent group reporting to the CEO, supports clients of both segments. The firm serves corporations, government and non-profit entities, and institutional investors on a national basis.”

Insitutional Activity: The institutional sentiment decreased to 0.51 in 2016 Q2. Its down 0.69, from 1.2 in 2016Q1. The ratio dived, as 33 funds sold all Piper Jaffray Companies shares owned while 64 reduced positions. 14 funds bought stakes while 35 increased positions. They now own 12.20 million shares or 14.18% more from 10.68 million shares in 2016Q1.
Deutsche Natl Bank Ag, a Germany-based fund reported 46,331 shares. Bridgeway Cap holds 0.03% of its portfolio in Piper Jaffray Companies (NYSE:PJC) for 51,600 shares. Farmers And Merchants Invs last reported 0% of its portfolio in the stock. Edge Wealth Management Limited Liability Corporation last reported 0% of its portfolio in the stock. Lucus Advsrs Lc reported 9,373 shares or 0.29% of all its holdings. Macquarie Grp Ltd last reported 0% of its portfolio in the stock. Blackrock Group Limited reported 17,486 shares or 0% of all its holdings. Herndon Capital Lc last reported 76 shares in the company. Financial Bank Of New York Mellon reported 583,180 shares or 0.01% of all its holdings. Bnp Paribas Arbitrage accumulated 0% or 4,491 shares. Federated Invsts Pa has 8,897 shares for 0% of their US portfolio. Aqr Mngmt Lc, a Connecticut-based fund reported 117,185 shares. Fisher Asset Mgmt Ltd Liability Co holds 109,851 shares or 0.01% of its portfolio. Comerica State Bank owns 14,159 shares or 0.01% of their US portfolio. Ladenburg Thalmann Fincl accumulated 0% or 421 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 5 sales for $2.15 million net activity. Shares for $103,939 were sold by Winges Martin Bradley. $209,424 worth of shares were sold by Crawshaw Christopher D on Wednesday, August 3. $835,200 worth of shares were sold by LaRue R Scott on Wednesday, May 25. $103,549 worth of shares were sold by Smith Thomas Gregory on Monday, August 1.

More notable recent Piper Jaffray Companies (NYSE:PJC) news were published by: Seekingalpha.com which released: “Piper Jaffray’s (PJC) CEO Andrew Duff on Q3 2016 Results – Earnings Call …” on October 30, 2016, also Businesswire.com with their article: “Piper Jaffray Companies Reports 2016 Third Quarter Results” published on October 27, 2016, Businesswire.com published: “Piper Jaffray Companies to Hold Management Conference Call to Discuss 2016 …” on October 20, 2016. More interesting news about Piper Jaffray Companies (NYSE:PJC) were released by: Streetinsider.com and their article: “Piper Jaffray Companies (PJC) Names Stuart Harvey President/COO” published on October 06, 2016 as well as Seekingalpha.com‘s news article titled: “Blowout quarter for Piper Jaffray” with publication date: October 27, 2016.

PJC Company Profile

Piper Jaffray Companies, incorporated on April 28, 2003, is an investment bank and asset management company, which serves the needs of firms, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally. The Firm provides services and products, including equity and debt capital markets products, public finance services, financial advisory services, equity and fixed income institutional brokerage, equity and fixed income research, and asset management services. The Company’s divisions include Capital Markets and Asset Management. The Capital Markets segment provides investment banking and institutional sales, trading and research services for various equity and fixed income products. The Asset Management segment includes its traditional asset management business and its investments in registered funds and private funds or partnerships that it manages.

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