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- Upturn Summary
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Upturn AI Summary - About
Piper Sandler Companies(PIPR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PIPR
10/29/2026: PIPR (1-star) is currently NOT-A-BUY. Pass it for now.
Piper Sandler Companies is a prominent financial services firm specializing in middle-market investment banking and institutional brokerage. The firm has a strong market position, significantly bolstered by the strategic acquisition of Sandler O'Neill, which solidified its expertise in the financial services sector. Its primary growth opportunity lies in expanding high-margin advisory services and diversifying into less cyclical areas like private credit. However, the firm faces risks related to market-driven deal volatility and intense competition from larger advisory firms. Overall, the stock may suit investors seeking exposure to financial markets through a well-established specialist that emphasizes capital return through dividends and share buybacks.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is largely tied to cyclical market conditions rather than aggressive, linear expansion. |
| Momentum investor | Strong fit while signal remains positive | The stock often trends with market sentiment regarding interest rates and deal flow. |
| Value investor | Mixed fit | Valuation is often tied to market cycles, making entry point timing critical. |
| Dividend investor | Strong fit | The firm has a consistent track record of returning capital to shareholders through dividends. |
| Low-risk investor | Weak fit | The business is inherently sensitive to market volatility and economic cycles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock price is heavily influenced by swings in market-wide deal activity and economic forecasts. |
| Valuation risk | Medium | Valuations can expand or contract rapidly based on changes in M&A fee projections. |
| Competition risk (M&A advisory competition) | High | Increased pressure from both boutique and bulge-bracket firms for middle-market clients can squeeze margins. |
| Business quality | Strong | The firm holds a strong, established position in its niche with a long track record of advisory service. |
| Dividend income | Medium | Dividends are reliable but can be subject to board review during severe market downturns. |
| Execution risk | Medium | Successful growth relies on retaining key talent and integrating new acquisitions effectively. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 67.88% | Avg. Invested days 62 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/29/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.73B USD | Price to earnings Ratio 15.54 | 1Y Target Price 79.38 |
Price to earnings Ratio 15.54 | 1Y Target Price 79.38 | ||
Volume (30-day avg) 919.2K shares | Beta 1.44 | 52 Weeks Range 61.35 - 92.80 | Updated Date 10/29/2026 |
52 Weeks Range 61.35 - 92.80 | Updated Date 10/29/2026 | ||
Dividends yield (FY) 1.11% | Basic EPS (TTM) 4.31 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Investment Banking | Fees from M&A advisory, restructuring, and equity/debt underwriting. | The main driver of profit; when companies are busy buying each other or raising money, this business thrives. |
| Institutional Brokerage | Commissions and fees from trading and research services. | Provides recurring revenue based on trading volume and institutional client research usage. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-30 | When Before Market | Estimate 0.93 | Actual - |
Profitability
Profit Margin 14.53% | Operating Margin (TTM) 21.61% |
Management Effectiveness
Return on Assets (TTM) 16.98% | Return on Equity (TTM) 24.53% |
Valuation
Trailing PE 15.54 | Forward PE 10.11 | Enterprise Value 4.01B | Price to Sales(TTM) 2.24 |
Enterprise Value 4.01B | Price to Sales(TTM) 2.24 | ||
Enterprise Value to Revenue 2.33 | Enterprise Value to EBITDA - | Shares Outstanding 70.67M | Shares Floating 65.02M |
Shares Outstanding 70.67M | Shares Floating 65.02M | ||
Percent Insiders 3.78 | Percent Institutions 88.95 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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