Houlihan Lokey (NYSE:HLI) PT Raised to $163.00

Houlihan Lokey (NYSE:HLI) had its target price boosted by research analysts at Morgan Stanley from $146.00 to $163.00 in a report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 0.65% from the company’s previous close.

Several other equities analysts also recently weighed in on HLI. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price objective on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Wells Fargo & Company started coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price objective for the company. Finally, UBS Group increased their target price on shares of Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Houlihan Lokey currently has a consensus rating of “Hold” and a consensus price target of $153.00.

Houlihan Lokey Stock Performance

NYSE:HLI opened at $161.94 on Monday. Houlihan Lokey has a fifty-two week low of $94.67 and a fifty-two week high of $162.63. The company has a 50 day moving average price of $151.27 and a 200 day moving average price of $138.11. The stock has a market capitalization of $11.11 billion, a P/E ratio of 39.40 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, hitting the consensus estimate of $1.22. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The business had revenue of $514.00 million during the quarter, compared to analyst estimates of $508.70 million. During the same period last year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. Research analysts forecast that Houlihan Lokey will post 5.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $152.28, for a total value of $30,456.00. Following the sale, the director now owns 6,801 shares of the company’s stock, valued at $1,035,656.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $135.25, for a total transaction of $1,339,245.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $152.28, for a total value of $30,456.00. Following the transaction, the director now directly owns 6,801 shares of the company’s stock, valued at $1,035,656.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,619 shares of company stock worth $2,818,759. Company insiders own 25.97% of the company’s stock.

Hedge Funds Weigh In On Houlihan Lokey

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new stake in Houlihan Lokey during the second quarter worth approximately $26,000. Crewe Advisors LLC boosted its holdings in shares of Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock valued at $30,000 after buying an additional 164 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Houlihan Lokey in the 2nd quarter valued at $38,000. Accent Capital Management LLC acquired a new stake in Houlihan Lokey during the 4th quarter worth $42,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Houlihan Lokey by 194.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 265 shares during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.