Piper Jaffray Cos. (NYSE:PJC) insider Stuart C. Harvey, Jr. purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was bought at an average cost of $55.15 per share, for a total transaction of $220,600.00. Following the purchase, the insider now directly owns 4,000 shares in the company, valued at approximately $220,600. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Piper Jaffray Cos. (NYSE:PJC) opened at 61.80 on Friday. The firm’s 50-day moving average price is $51.58 and its 200-day moving average price is $44.46. The firm has a market capitalization of $934.97 million, a price-to-earnings ratio of 32.80 and a beta of 1.47. Piper Jaffray Cos. has a 12 month low of $31.66 and a 12 month high of $62.35.

Piper Jaffray Cos. (NYSE:PJC) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.44. Piper Jaffray Cos. had a return on equity of 6.95% and a net margin of 3.32%. The business had revenue of $199 million for the quarter, compared to analyst estimates of $163.56 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The firm’s revenue for the quarter was up 34.1% compared to the same quarter last year. On average, equities analysts anticipate that Piper Jaffray Cos. will post $4.60 earnings per share for the current year.

Insider Buying and Selling by Quarter for Piper Jaffray Cos. (NYSE:PJC)

Several institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC raised its position in shares of Piper Jaffray Cos. by 17.1% in the first quarter. TIAA CREF Investment Management LLC now owns 58,004 shares of the company’s stock valued at $2,875,000 after buying an additional 8,468 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Piper Jaffray Cos. by 77.4% in the first quarter. Goldman Sachs Group Inc. now owns 76,498 shares of the company’s stock valued at $3,792,000 after buying an additional 33,367 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Piper Jaffray Cos. by 95.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 31,964 shares of the company’s stock valued at $1,584,000 after buying an additional 15,650 shares during the period. A.R.T. Advisors LLC raised its position in shares of Piper Jaffray Cos. by 80.2% in the first quarter. A.R.T. Advisors LLC now owns 18,650 shares of the company’s stock valued at $924,000 after buying an additional 8,300 shares during the period. Finally, Barclays PLC raised its position in shares of Piper Jaffray Cos. by 169.9% in the first quarter. Barclays PLC now owns 71,756 shares of the company’s stock valued at $3,515,000 after buying an additional 45,170 shares during the period. 66.34% of the stock is currently owned by institutional investors and hedge funds.

Separately, TheStreet raised Piper Jaffray Cos. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $45.00.

About Piper Jaffray Cos.

Piper Jaffray Companies is an investment bank and asset management company, which serves the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States and internationally. The Company provides products and services, including equity and debt capital markets products, financial advisory services, equity and fixed income institutional brokerage, equity and fixed income research, and asset management services.

5 Day Chart for NYSE:PJC

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