The stock of Piper Jaffray Companies (NYSE:PJC) hit a new 52-week high and has $74.67 target or 9.00% above today’s $68.50 share price. The 6 months bullish chart indicates low risk for the $1.04 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $74.67 price target is reached, the company will be worth $93.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 94,248 shares traded hands. Piper Jaffray Companies (NYSE:PJC) has risen 43.08% since April 25, 2016 and is uptrending. It has outperformed by 37.07% the S&P500.
Analysts await Piper Jaffray Companies (NYSE:PJC) to report earnings on February, 2.
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 of Piper Jaffray Companies (NYSE:PJC) earned “Hold” rating by Zacks on Tuesday, August 11. Keefe Bruyette & Woods downgraded the shares of PJC in a report on Friday, December 11 to “Mkt Perform” rating. The firm has “Buy” rating by Sandler O’Neill given on Tuesday, September 22. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Friday, October 30.
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 increased to 1.2 in Q2 2016. Its up 0.69, from 0.51 in 2016Q1. The ratio increased, 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.
Systematic Management Ltd Partnership holds 0.1% or 198,995 shares in its portfolio. Aqr Capital Mngmt Limited Liability Co last reported 117,185 shares in the company. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 858 shares in the company. Gemmer Asset Mgmt Llc accumulated 0% or 34 shares. Renaissance Technology Limited Com has 90,400 shares for 0.01% of their US portfolio. State Board Of Administration Of Florida Retirement Sys reported 6,039 shares or 0% of all its holdings. Moreover, West Oak Cap Llc has 0% invested in Piper Jaffray Companies (NYSE:PJC) for 17 shares. Tiaa Cref Investment Mgmt Limited Liability holds 0% or 59,857 shares in its portfolio. Parametric Portfolio Ltd Com accumulated 84,161 shares or 0.01% of the stock. Geode Lc accumulated 208,108 shares or 0% of the stock. Goldman Sachs Grp has 206,684 shares for 0% of their US portfolio. American Century Companies accumulated 0.01% or 131,730 shares. Virginia Retirement Et Al owns 9,400 shares or 0.01% of their US portfolio. Fincl Bank Of Mellon, a New York-based fund reported 583,180 shares. Archford Strategies Ltd Company accumulated 207 shares or 0% of the stock.
Insider Transactions: Since July 29, 2016, the stock had 1 insider purchase, and 10 selling transactions for $4.70 million net activity. 2,500 shares were sold by Winges Martin Bradley, worth $103,939 on Friday, July 29. Schoneman Debbra L. had sold 10,000 shares worth $655,411 on Monday, November 14. Crawshaw Christopher D sold $900,949 worth of stock. 2,500 shares were sold by Smith Thomas Gregory, worth $103,549. $2.10M worth of Piper Jaffray Companies (NYSE:PJC) was sold by DUFF ANDREW S on Monday, November 14. LaRue R Scott sold 10,000 shares worth $592,900. Shares for $129,500 were sold by Esckilsen Christine N on Friday, November 11.
More recent Piper Jaffray Companies (NYSE:PJC) news were published by: Businesswire.com which released: “Piper Jaffray Expands Senior Living Finance Group with Addition of Amy Hayman” on November 28, 2016. Also Benzinga.com published the news titled: “Piper Jaffray Upgrades 6 Ag Equipment/Chemical Stocks” on November 28, 2016. Businesswire.com‘s news article titled: “Piper Jaffray to Host 28th Annual Healthcare Conference” with publication date: November 15, 2016 was also an interesting one.
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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