The stock of Piper Jaffray Companies (NYSE:PJC) hit a new 52-week high and has $84.35 target or 67.00% above today’s $50.51 share price. The 8 months bullish chart indicates low risk for the $770.96M company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $84.35 price target is reached, the company will be worth $516.54 million 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 26,602 shares traded hands. Piper Jaffray Companies (NYSE:PJC) has risen 10.26% since March 4, 2016 and is uptrending. It has outperformed by 2.23% the S&P500.
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 rating was upgraded by Keefe Bruyette & Woods on Friday, October 30 to “Outperform”. 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. Zacks upgraded the shares of PJC in a report on Tuesday, August 11 to “Hold” rating. The firm has “Mkt Perform” rating given on Friday, December 11 by Keefe Bruyette & Woods.
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 Q2 2016. 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.
Tarbox Inc has invested 0.04% of its portfolio in Piper Jaffray Companies (NYSE:PJC). M&R Mngmt accumulated 6 shares or 0% of the stock. Tfs Capital Ltd Liability Corp has 17,819 shares for 0.12% of their US portfolio. California State Teachers Retirement System holds 0% or 32,138 shares in its portfolio. Alliancebernstein L P reported 27,760 shares or 0% of all its holdings. Renaissance Tech Limited Com accumulated 90,400 shares or 0.01% of the stock. Sei Investments Communication accumulated 8,012 shares or 0% of the stock. Deutsche Comml Bank Ag last reported 0% of its portfolio in the stock. Alps Advsrs, a Colorado-based fund reported 8,901 shares. Finemark Natl Bank And has invested 0% of its portfolio in Piper Jaffray Companies (NYSE:PJC). Citigroup has 9,631 shares for 0% of their US portfolio. Duncker Streett And holds 0% of its portfolio in Piper Jaffray Companies (NYSE:PJC) for 43 shares. Oxford Asset Mgmt holds 0.04% of its portfolio in Piper Jaffray Companies (NYSE:PJC) for 22,475 shares. Thompson Davis & last reported 7 shares in the company. West Oak Cap Limited Liability Com has invested 0% of its portfolio in Piper Jaffray Companies (NYSE:PJC).
Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 5 insider sales for $2.15 million net activity. LaRue R Scott sold $835,200 worth of Piper Jaffray Companies (NYSE:PJC) on Wednesday, May 25. Another trade for 21,737 shares valued at $900,949 was made by Crawshaw Christopher D on Friday, July 29. On Monday, August 1 Smith Thomas Gregory sold $103,549 worth of the stock or 2,500 shares. $103,939 worth of shares were sold by Winges Martin Bradley on Friday, July 29.
More important recent Piper Jaffray Companies (NYSE:PJC) news were published by: Reuters.com which released: “BRIEF-Piper Jaffray Companies on Oct. 4 appointed Stuart C. Harvey Jr to s…” on October 06, 2016, also Businesswire.com published article titled: “Piper Jaffray Names Kashy Harrison Senior Research Analyst for Energy Sector”, Pehub.com published: “Piper Jaffray appoints Smith as MD” on September 08, 2016. More interesting news about Piper Jaffray Companies (NYSE:PJC) was released by: Thestreet.com and their article: “FireEye (FEYE) Stock Climbs, Piper Jaffray: Yahoo! Breach ‘Eye-Opening'” with publication date: September 23, 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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