Houlihan Lokey, Inc. (NYSE:HLI) had its target price lifted by research analysts at UBS AG from $44.00 to $47.00 in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the financial services provider’s stock. UBS AG’s price target would suggest a potential upside of 13.72% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. BidaskClub cut shares of Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. TheStreet upgraded shares of Houlihan Lokey from a “c” rating to a “b-” rating in a report on Monday, August 14th. ValuEngine upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Zacks Investment Research upgraded shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $40.00 price objective on shares of Houlihan Lokey in a report on Thursday, July 27th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $42.33.
Shares of Houlihan Lokey (NYSE:HLI) traded up 0.99% during midday trading on Wednesday, reaching $41.74. 235,626 shares of the company’s stock traded hands. Houlihan Lokey has a 12 month low of $23.19 and a 12 month high of $44.15. The stock has a market cap of $2.79 billion, a P/E ratio of 21.64 and a beta of 0.36. The stock has a 50 day moving average of $38.88 and a 200-day moving average of $35.99.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The firm had revenue of $242.20 million during the quarter, compared to analysts’ expectations of $207.72 million. Houlihan Lokey had a net margin of 14.58% and a return on equity of 20.05%. The business’s revenue was up 29.9% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. On average, equities research analysts forecast that Houlihan Lokey will post $2.12 EPS for the current fiscal year.
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In related news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $36.26, for a total transaction of $24,901,917.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 69.70% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in Houlihan Lokey by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 137,759 shares of the financial services provider’s stock worth $4,808,000 after purchasing an additional 4,238 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Houlihan Lokey by 29.3% during the second quarter. TIAA CREF Investment Management LLC now owns 192,943 shares of the financial services provider’s stock worth $6,734,000 after purchasing an additional 43,706 shares during the last quarter. Swiss National Bank boosted its holdings in Houlihan Lokey by 73.4% during the first quarter. Swiss National Bank now owns 35,436 shares of the financial services provider’s stock worth $1,221,000 after purchasing an additional 15,000 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Houlihan Lokey by 122.1% during the second quarter. Neuberger Berman Group LLC now owns 1,193,275 shares of the financial services provider’s stock worth $41,645,000 after purchasing an additional 655,940 shares during the last quarter. Finally, Sawgrass Asset Management LLC purchased a new position in Houlihan Lokey during the second quarter worth about $369,000. Institutional investors and hedge funds own 32.24% of the company’s stock.
About Houlihan Lokey
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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