Piper Jaffray Cos. (NYSE:PJC) Chairman Andrew S. Duff sold 32,149 shares of Piper Jaffray Cos. stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $65.44, for a total transaction of $2,103,830.56. Following the completion of the transaction, the chairman now directly owns 276,386 shares in the company, valued at $18,086,699.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Piper Jaffray Cos. (NYSE:PJC) traded up 0.22% during mid-day trading on Thursday, hitting $67.25. 29,420 shares of the company’s stock were exchanged. Piper Jaffray Cos. has a 12 month low of $31.66 and a 12 month high of $67.90. The stock’s 50 day moving average price is $53.64 and its 200-day moving average price is $45.03. The stock has a market cap of $1.02 billion, a PE ratio of 35.70 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 (EPS) 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 analysts’ expectations of $163.56 million. During the same period in the prior year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 34.1% compared to the same quarter last year. Equities 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 hedge funds have recently bought and sold shares of PJC. Municipal Employees Retirement System of Michigan boosted its stake in Piper Jaffray Cos. by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,000 shares of the company’s stock valued at $242,000 after buying an additional 50 shares in the last quarter. Texas Permanent School Fund boosted its stake in Piper Jaffray Cos. by 0.6% in the third quarter. Texas Permanent School Fund now owns 10,895 shares of the company’s stock valued at $526,000 after buying an additional 66 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Piper Jaffray Cos. by 0.4% in the second quarter. Thrivent Financial for Lutherans now owns 20,780 shares of the company’s stock valued at $783,000 after buying an additional 80 shares in the last quarter. Arizona State Retirement System boosted its stake in Piper Jaffray Cos. by 1.4% in the third quarter. Arizona State Retirement System now owns 7,405 shares of the company’s stock valued at $358,000 after buying an additional 100 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its stake in Piper Jaffray Cos. by 1.5% in the second quarter. BlackRock Advisors LLC now owns 7,753 shares of the company’s stock valued at $292,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 66.22% of the company’s stock.

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

Piper Jaffray Cos. Company Profile

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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