Piper Jaffray Cos. (NYSE:PJC) insider Christine N. Esckilsen sold 2,000 shares of the stock in a transaction on Friday, November 11th. The shares were sold at an average price of $64.75, for a total value of $129,500.00. Following the transaction, the insider now directly owns 6,966 shares of the company’s stock, valued at $451,048.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Piper Jaffray Cos. (NYSE:PJC) opened at 67.10 on Thursday. The company’s 50-day moving average price is $53.64 and its 200-day moving average price is $45.03. The firm has a market capitalization of $1.02 billion, a P/E ratio of 35.62 and a beta of 1.47. Piper Jaffray Cos. has a 52-week low of $31.66 and a 52-week high of $67.25.

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

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

A number of large investors have recently modified their holdings of PJC. TIAA CREF Investment Management LLC boosted its stake 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. boosted its stake 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. boosted its stake 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 boosted its stake 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 boosted its stake 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. 66.22% of the stock is currently owned by hedge funds and other institutional investors.

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