Shares of Piper Jaffray Cos. (NYSE:PJC) rose 1.3% on Wednesday . The company traded as high as $43.76 and last traded at $43.61, with a volume of 51,420 shares changing hands. The stock had previously closed at $43.07.

Separately, TheStreet cut shares of Piper Jaffray Cos. from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $43.80.

The company has a 50 day moving average price of $42.11 and a 200-day moving average price of $42.75. The company has a market capitalization of $662.57 million and a P/E ratio of 28.96.

Piper Jaffray Cos. (NYSE:PJC) last posted its earnings results on Thursday, July 28th. The company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.35. The company earned $170.50 million during the quarter, compared to analyst estimates of $143.86 million. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.19 EPS. On average, equities analysts anticipate that Piper Jaffray Cos. will post $3.58 earnings per share for the current fiscal year.

In other Piper Jaffray Cos. news, insider Christopher D. Crawshaw sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $41.88, for a total value of $209,400.00. Following the transaction, the insider now owns 51,651 shares of the company’s stock, valued at $2,163,143.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher D. Crawshaw sold 21,737 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $41.45, for a total transaction of $900,998.65. Following the completion of the transaction, the insider now directly owns 56,651 shares in the company, valued at approximately $2,348,183.95. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Piper Jaffray Cos. stock. Rhumbline Advisers raised its position in Piper Jaffray Cos. (NYSE:PJC) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,951 shares of the company’s stock after buying an additional 465 shares during the period. Rhumbline Advisers owned approximately 0.18% of Piper Jaffray Cos. worth $1,129,000 at the end of the most recent reporting period.

Piper Jaffray Companies is an investment bank and asset management firm serving 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, public finance services, financial advisory services, equity and fixed income institutional brokerage, equity and fixed income research and asset management services.

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