Piper Sandler Companies (NYSE:PIPR) Shares Break Above 50 Day Moving Average After Insider Selling

Key Points

• Piper Sandler shares moved above their 50-day moving average, trading near $70.20 versus the average of $69.43.
• The company missed quarterly expectations, reporting EPS of $0.87 versus $0.93 forecast and revenue of $456 million versus $467.4 million expected; revenue fell 4.9% year over year.
• President Debbra Schoneman sold 39,708 shares for about $2.68 million, while analyst views remain mixed: the consensus rating is Hold with an $84 price target.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) passed above its 50 day moving average during trading on Wednesday following insider buying activity. The stock has a 50 day moving average of $69.43 and traded as high as $70.26. Piper Sandler Companies shares last traded at $70.2040, with a volume of 1,041,133 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PIPR shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Piper Sandler Companies in a research report on Monday, August 17th. Zacks Research lowered shares of Piper Sandler Companies from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 13th. Bank of America reaffirmed an "underperform" rating and set a $69.00 price objective on shares of Piper Sandler Companies in a research note on Tuesday. Finally, The Goldman Sachs Group set a $80.00 price objective on shares of Piper Sandler Companies and gave the stock a "buy" rating in a report on Thursday, October 1st. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Piper Sandler Companies has an average rating of "Hold" and a consensus target price of $84.00.

Piper Sandler Companies News Summary

Here are the key news stories impacting Piper Sandler Companies this week:

• Positive Sentiment: Recent coverage points to buyback news as a potential source of support; one analysis sees PIPR as roughly 15% below fair value. Another cautions that the shares may still trade at a premium, so the valuation outlook is mixed. Piper Sandler Could Be Below Fair Value As Buyback News Lifts Shares Piper Sandler Stock May Trade At A Premium Despite Buyback News
• Neutral Sentiment: Piper Sandler declared a quarterly dividend of $0.20 per share ($0.80 annualized), offering a modest income return.
• Negative Sentiment: President Debbra Schoneman sold 39,708 shares for about $2.68 million, reducing her direct holdings by 77.16%. The filing did not state the reason for the sale. President Sells 39,708 Shares
• Negative Sentiment: Northland Securities cut its FY2027 EPS forecast to $4.39 from $5.25 and lowered estimates for FY2026 and future quarters, pointing to weaker earnings expectations.
• Negative Sentiment: The latest reported quarter missed consensus: EPS was $0.87 versus $0.93 expected, and revenue of $456.0 million fell short of estimates and declined 4.9% year over year.

Piper Sandler Companies Price Performance

The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 2.17 and a beta of 1.39. The stock has a 50-day moving average of $69.43 and a 200 day moving average of $76.81.

Piper Sandler Companies (NYSE:PIPR - Get Free Report) last released its earnings results on Friday, October 30th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The business had revenue of $456.04 million for the quarter, compared to analyst estimates of $467.39 million. Piper Sandler Companies had a net margin of 14.53% and a return on equity of 21.11%. The business's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.82 earnings per share. Sell-side analysts anticipate that Piper Sandler Companies will post 4.10 earnings per share for the current fiscal year.

Piper Sandler Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Tuesday, November 24th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, November 24th. Piper Sandler Companies's dividend payout ratio is currently 18.82%.

Hedge Funds Weigh In On Piper Sandler Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ethic Inc. grew its stake in shares of Piper Sandler Companies by 98.0% during the third quarter. Ethic Inc. now owns 6,785 shares of the company's stock worth $448,000 after purchasing an additional 3,358 shares during the period. Pictet Asset Management Holding SA lifted its stake in Piper Sandler Companies by 2.0% in the third quarter. Pictet Asset Management Holding SA now owns 11,457 shares of the company's stock valued at $756,000 after buying an additional 220 shares during the period. Abacus Wealth Partners LLC boosted its holdings in Piper Sandler Companies by 10.5% during the third quarter. Abacus Wealth Partners LLC now owns 3,806 shares of the company's stock worth $251,000 after buying an additional 362 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Piper Sandler Companies during the third quarter worth about $305,000. Finally, Ascent Group LLC acquired a new position in shares of Piper Sandler Companies during the 3rd quarter worth about $1,543,000. 72.79% of the stock is owned by institutional investors.

About Piper Sandler Companies

Piper Sandler Companies NYSE: PIPR is an investment banking and institutional securities firm that provides financial services to corporations, financial institutions, public-sector entities, institutional investors and private equity firms. The company offers advisory and capital-raising services, including mergers and acquisitions, equity and debt offerings, restructuring and other strategic transactions.

Its institutional securities activities include equity research, sales and trading, fixed-income services and market-making.

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