Economy

LPL Financial Holdings Inc. (NASDAQ:LPLA) Achieve New Highs

The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. The Company's solutions are created to manage information technology activities for its customers.

LPL Financial Holdings Inc.'s beta is at 1.85 meaning it is more volatile than the market as a whole. If the $55.01 price target is reached, the company will be worth $145.50 million more. About 112,436 shares traded. It has outperformed by 47.53% the S&P500. Beach Inv Management Limited Com holds 0.03% or 1,935 shares in its portfolio. S Squared Technology Llc owns 80,800 shares or 1.59% of their United States portfolio. The fund owned 497,860 shares of the financial services provider's stock after selling 52,398 shares during the period.

Technical traders often make a point of keeping an eye on the ATR or Average True Range of a particular equity. UBS downgraded the shares of LPLA in report on Friday, October 2 to "Sell" rating. In the latest earnings report the EPS was $2.30 and is projected to be $2.36 for the current year with 89,911,000 shares now outstanding. CUDA's profit will be $3.71M for 91.61 P/E if the $0.07 EPS becomes a reality. Next quarter's EPS is forecasted at $0.53 with next year's EPS anticipated to be $3.24.

About 33,570 shares traded. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 39.45% since October 6, 2016 and is uptrending.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The lowest target is $20.0 while the high is $32.0. The stock's average target of $26.80 is 4.48% above today's ($25.65) share price. The rating was maintained by Deutsche Bank on Wednesday, July 29 with "Buy". The firm has "Buy" rating given on Friday, July 28 by Needham. Linscomb & Williams Inc sold 9,975 shares as Bp Plc (BP)'s stock rose 10.53%. The rating was maintained by Citigroup with "Neutral" on Friday, August 14. Imperial Capital downgraded the shares of CUDA in report on Tuesday, October 4 to "Underperform" rating. The stock of Barracuda Networks Inc (NYSE:CUDA) earned "Mkt Perform" rating by JMP Securities on Tuesday, January 3.

Cornerstone Capital Management Holdings LLC. reduced its stake in LPL Financial Holdings Inc.

Among 19 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 13 have Buy rating, 1 Sell and 5 Hold. Therefore 20% are positive.

Based on current stock levels, LPL Financial Holdings Inc. shares are trading 0.60% off of the 50-day high and 21.08% away from the 50-day low. Active traders may be carefully tracking the indicator to see if the position is pointing to the stock as a sell. As per Friday, February 12, the company rating was maintained by Credit Suisse.

LPL Financial Holdings Inc., launched on October 25, 2005, is a broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The stock has "Neutral" rating by JP Morgan on Wednesday, October 12. The legal version of this story can be read at https://www.equitiesfocus.com/2017/10/05/ahl-partners-llp-grows-holdings-in-lpl-financial-holdings-inc-lpla.html. The firm earned "Neutral" rating on Tuesday, January 10 by Goldman Sachs. On Tuesday, January 12 the stock rating was downgraded by Citigroup to "Sell". The rating was maintained by Nomura on Thursday, August 17 with "Buy". The firm has "Neutral" rating by Nomura given on Monday, July 11. First Pacific Advsrs Ltd Llc has invested 1.46% in LPL Financial Holdings Inc (NASDAQ:LPLA).

The P/E ratio is now 22.952 and the market cap of the company is 4.75B. The institutional investor held 2.62 million shares of the investment bankers and brokers and service company at the end of 2017Q2, valued at $111.13M, down from 2.84M at the end of the previous reported quarter. The Company also supported approximately 4,000 financial advisors, affiliated and licensed with insurance companies through customized clearing services, advisory platforms and technology solutions, as of December 31, 2016.



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