Rapid7 (RPD) Hit By BTIG Downgrade; South Street Advisors Has Decreased By $1.80 Million Its Raymond James Financial (RJF) Stake

June 19, 2018 - By Louis Casey

Raymond James Financial, Inc. (NYSE:RJF) Logo

Rapid7 (NASDAQ:RPD) was cut by BTIG to a “Hold” rating in a a research report issued on 18 June.

South Street Advisors Llc decreased Raymond James Financial Inc. (RJF) stake by 13.02% reported in 2018Q1 SEC filing. South Street Advisors Llc sold 20,220 shares as Raymond James Financial Inc. (RJF)’s stock rose 7.42%. The South Street Advisors Llc holds 135,100 shares with $12.08 million value, down from 155,320 last quarter. Raymond James Financial Inc. now has $13.67B valuation. The stock decreased 0.95% or $0.93 during the last trading session, reaching $96.85. About 148,021 shares traded. Raymond James Financial, Inc. (NYSE:RJF) has risen 35.08% since June 19, 2017 and is uptrending. It has outperformed by 22.51% the S&P500. Some Historical RJF News: ; 03/04/2018 – Lisa Detanna Named to Forbes’ List of Best-In-State Wealth Advisors; 02/04/2018 Franklin Financial Network Announces Completion Of Merger With Nashville-Based Civic Bank & Trust; 03/04/2018 – Lisa Detanna Named to Forbes’ List of Best-In-State Wealth Advisors

Since January 29, 2018, it had 0 insider buys, and 6 sales for $4.28 million activity. Elwyn Tashtego S had sold 7,275 shares worth $708,327. 2,270 Raymond James Financial, Inc. (NYSE:RJF) shares with value of $220,170 were sold by Santelli Jonathan N. Shares for $637,894 were sold by Allison Paul D on Wednesday, March 14. The insider ZANK DENNIS W sold $1.97M. 5,000 shares were sold by ACKART JENNIFER C, worth $455,000 on Thursday, February 15. Bunn James E sold $288,930 worth of stock.

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.23, from 1.21 in 2017Q4. It dived, as 34 investors sold RJF shares while 156 reduced holdings. 54 funds opened positions while 132 raised stakes. 99.89 million shares or 1.98% more from 97.95 million shares in 2017Q4 were reported. King Luther Cap Mngmt Corp has 0.01% invested in Raymond James Financial, Inc. (NYSE:RJF) for 14,197 shares. Parallax Volatility Advisers Lp has 0% invested in Raymond James Financial, Inc. (NYSE:RJF) for 4 shares. Globeflex Lp invested in 12,929 shares. 1.48M were accumulated by Northern. Strs Ohio holds 20,229 shares. Huntington Fincl Bank owns 8,763 shares. Triangle Secs Wealth Mgmt invested in 0.12% or 2,368 shares. Dekabank Deutsche Girozentrale holds 11,021 shares. 1492 Mgmt Ltd Liability, a Wisconsin-based fund reported 7,533 shares. Buckhead Capital Management Ltd Liability Corp owns 38,754 shares or 0.77% of their US portfolio. 8,116 are held by Gateway Investment Advisers Limited. Crow Point Prns Ltd Com has invested 0.01% in Raymond James Financial, Inc. (NYSE:RJF). Lmr Prns Llp has invested 0.09% in Raymond James Financial, Inc. (NYSE:RJF). Gemmer Asset Mgmt Limited Liability holds 222 shares. Jpmorgan Chase & accumulated 2.90 million shares or 0.06% of the stock.

More recent Raymond James Financial, Inc. (NYSE:RJF) news were published by: Seekingalpha.com which released: “Raymond James Financial (RJF) Investor Presentation – Slideshow” on June 14, 2018. Also Nasdaq.com published the news titled: “New Research Coverage Highlights Avery Dennison, Raymond James Financial, Genuine Parts, Kimco Realty, Bristow …” on June 15, 2018. Themiddlemarket.com‘s news article titled: “M&A daily wrap: Medidata, Shyft Analytics, Audax, OEP, Naked Brand” with publication date: June 12, 2018 was also an interesting one.

Analysts await Raymond James Financial, Inc. (NYSE:RJF) to report earnings on July, 25. They expect $1.64 earnings per share, up 30.16% or $0.38 from last year’s $1.26 per share. RJF’s profit will be $231.43 million for 14.76 P/E if the $1.64 EPS becomes a reality. After $1.63 actual earnings per share reported by Raymond James Financial, Inc. for the previous quarter, Wall Street now forecasts 0.61% EPS growth.

Among 14 analysts covering Raymond James Financial Inc. (NYSE:RJF), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Raymond James Financial Inc. had 45 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Friday, October 28 by JMP Securities. Wood upgraded Raymond James Financial, Inc. (NYSE:RJF) on Tuesday, February 27 to “Outperform” rating. As per Friday, January 26, the company rating was maintained by Buckingham Research. On Sunday, August 27 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock has “Outperform” rating by Wells Fargo on Thursday, September 14. Keefe Bruyette & Woods maintained Raymond James Financial, Inc. (NYSE:RJF) on Thursday, December 21 with “Hold” rating. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, October 5 report. The firm has “Buy” rating given on Thursday, January 5 by Nomura. Citigroup upgraded the shares of RJF in report on Monday, October 26 to “Buy” rating. Credit Suisse maintained Raymond James Financial, Inc. (NYSE:RJF) rating on Monday, February 22. Credit Suisse has “Outperform” rating and $49 target.

The stock decreased 1.23% or $0.41 during the last trading session, reaching $32.84. About 149,129 shares traded. Rapid7, Inc. (NASDAQ:RPD) has risen 68.68% since June 19, 2017 and is uptrending. It has outperformed by 56.11% the S&P500. Some Historical RPD News: 17/05/2018 – RAPID7 HOLDER BAIN CAPITAL VENTURE CUT STAKE TO 4.1%; 08/05/2018 – RAPID7 INC – SEES FY UNDER ASC 606 NON-GAAP NET LOSS PER SHARE $0.55 TO $0.42; 14/03/2018 – Rapid7 Recognized as a Leader in Vulnerability Risk Management Report from Independent Research Firm; 21/04/2018 – DJ Rapid7 Inc, Inst Holders, 1Q 2018 (RPD); 20/03/2018 – Checkmarx Names Bernd Leger Chief Marketing Officer; 08/05/2018 – RAPID7 1Q ADJ LOSS/SHR 15C, EST. LOSS/SHR 19C; 09/05/2018 – RAPID7 INC RPD.O : MORGAN STANLEY RAISES TARGET PRICE TO $30 FROM $23; 08/05/2018 – GW&K Investment Buys New 1.6% Position in Rapid7; 08/05/2018 – Rapid7 1Q Loss/Shr 36c; 11/05/2018 – Loomis Sayles Buys New 1.6% Position in Rapid7

Rapid7, Inc. provides security data and analytics solutions that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The company has market cap of $1.52 billion. It offers threat exposure management solutions, including Nexpose, which enables clients to assess and remediate their exposure to cyber risk; Metasploit, a penetration testing software solution; and AppSpider, an application security testing solution. It currently has negative earnings. The firm also provides incident detection and response solutions, such as InsightIDR, a cloud based offering for incident detection and response; Managed Detection and Response, a managed service, which provides clients with attacker behavior analytics, machine learning algorithms, and threat intelligence to hunt attackers; and incident response services that provide clients with access to security experts and experience.

Among 16 analysts covering Rapid7 (NASDAQ:RPD), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Rapid7 has $36 highest and $15 lowest target. $28.97’s average target is -11.78% below currents $32.84 stock price. Rapid7 had 48 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Buy” rating by KeyBanc Capital Markets on Friday, October 6. The stock of Rapid7, Inc. (NASDAQ:RPD) earned “Buy” rating by Northland Capital on Wednesday, January 24. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Tuesday, January 30 report. The firm has “Buy” rating given on Monday, February 12 by Needham. KeyBanc Capital Markets maintained Rapid7, Inc. (NASDAQ:RPD) rating on Thursday, August 31. KeyBanc Capital Markets has “Buy” rating and $25.0 target. The stock of Rapid7, Inc. (NASDAQ:RPD) has “Buy” rating given on Wednesday, May 9 by Stifel Nicolaus. Cowen & Co maintained the shares of RPD in report on Wednesday, September 6 with “Buy” rating. On Sunday, August 20 the stock rating was maintained by RBC Capital Markets with “Buy”. RBC Capital Markets maintained Rapid7, Inc. (NASDAQ:RPD) rating on Wednesday, November 8. RBC Capital Markets has “Buy” rating and $25.0 target. The firm has “Buy” rating by RBC Capital Markets given on Monday, October 30.

Analysts await Rapid7, Inc. (NASDAQ:RPD) to report earnings on August, 6. They expect $-0.28 earnings per share, down 7.69% or $0.02 from last year’s $-0.26 per share. After $-0.33 actual earnings per share reported by Rapid7, Inc. for the previous quarter, Wall Street now forecasts -15.15% EPS growth.

Raymond James Financial, Inc. (NYSE:RJF) Institutional Positions Chart

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