Houlihan Lokey (NYSE:HLI) Given New $163.00 Price Target at UBS Group

Houlihan Lokey (NYSE:HLI) had its target price lowered by UBS Group from $196.00 to $163.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price suggests a potential upside of 16.84% from the stock’s previous close.

HLI has been the subject of a number of other reports. Weiss Ratings cut shares of Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. BMO Capital Markets lifted their price objective on shares of Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. The Goldman Sachs Group decreased their price objective on shares of Houlihan Lokey from $243.00 to $210.00 and set a “buy” rating for the company in a report on Thursday. Keefe, Bruyette & Woods reduced their price target on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Finally, Morgan Stanley lowered their price objective on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating on the stock in a report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.57.

Houlihan Lokey Price Performance

HLI traded down $6.86 during trading on Thursday, reaching $139.51. 630,020 shares of the stock traded hands, compared to its average volume of 561,013. The stock’s 50-day simple moving average is $172.00 and its two-hundred day simple moving average is $182.97. Houlihan Lokey has a fifty-two week low of $137.99 and a fifty-two week high of $211.78. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 21.43 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.Houlihan Lokey’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 earnings per share. Research analysts anticipate that Houlihan Lokey will post 5.98 earnings per share for the current fiscal year.

Insider Activity at Houlihan Lokey

In other news, Director Robert A. Schriesheim sold 5,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $170.86, for a total value of $854,300.00. Following the sale, the director owned 27,982 shares in the company, valued at approximately $4,781,004.52. This trade represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total transaction of $87,085.00. The SEC filing for this sale provides additional information. 22.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HLI. Flagship Harbor Advisors LLC bought a new stake in Houlihan Lokey in the fourth quarter valued at $26,000. Oakworth Capital Inc. bought a new position in shares of Houlihan Lokey during the fourth quarter valued at $29,000. Westside Investment Management Inc. increased its position in shares of Houlihan Lokey by 64.4% during the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 58 shares in the last quarter. Root Financial Partners LLC bought a new position in Houlihan Lokey during the 3rd quarter valued at about $31,000. Finally, Core Wealth Advisors LLC acquired a new position in Houlihan Lokey in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.