Piper Jaffray Cos. (NYSE:PJC) CFO Debbra L. Schoneman sold 10,000 shares of Piper Jaffray Cos. stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $65.54, for a total transaction of $655,400.00. Following the completion of the sale, the chief financial officer now owns 44,964 shares in the company, valued at $2,946,940.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Piper Jaffray Cos. (NYSE:PJC) traded up 0.89% during mid-day trading on Thursday, hitting $67.70. 34,381 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $53.64 and a 200 day moving average of $45.03. Piper Jaffray Cos. has a 52 week low of $31.66 and a 52 week high of $67.90. The stock has a market capitalization of $1.02 billion, a P/E ratio of 35.93 and a beta of 1.47.

Piper Jaffray Cos. (NYSE:PJC) last posted its earnings results on Thursday, October 27th. The company reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ 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 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 earned $0.87 EPS. The firm’s quarterly revenue was up 34.1% compared to the same quarter last year. Equities analysts forecast that Piper Jaffray Cos. will post $4.60 earnings per share for the current fiscal year.

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

Several large investors have recently bought and sold shares of the company. Matarin Capital Management LLC purchased a new stake in Piper Jaffray Cos. during the third quarter valued at $7,013,000. Principal Financial Group Inc. raised its stake in Piper Jaffray Cos. by 96.6% in the third quarter. Principal Financial Group Inc. now owns 195,956 shares of the company’s stock valued at $9,465,000 after buying an additional 96,296 shares during the last quarter. BlackRock Fund Advisors raised its stake in Piper Jaffray Cos. by 8.5% in the third quarter. BlackRock Fund Advisors now owns 1,066,129 shares of the company’s stock valued at $51,494,000 after buying an additional 83,326 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Piper Jaffray Cos. during the third quarter valued at $3,789,000. Finally, BlackRock Advisors LLC raised its stake in Piper Jaffray Cos. by 906.7% in the third quarter. BlackRock Advisors LLC now owns 78,052 shares of the company’s stock valued at $3,770,000 after buying an additional 70,299 shares during the last quarter. 66.22% of the stock is currently owned by institutional investors and hedge funds.

Separately, TheStreet upgraded shares of Piper Jaffray Cos. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently 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.

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