Houlihan Lokey (NYSE:HLI) Price Target Lowered to $145.00 at BMO Capital Markets

Houlihan Lokey (NYSE:HLI) had its target price cut by equities research analysts at BMO Capital Markets from $160.00 to $145.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 15.81% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Houlihan Lokey from $160.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday. The Goldman Sachs Group reduced their target price on shares of Houlihan Lokey from $171.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday. Wolfe Research upgraded shares of Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Morgan Stanley lowered their price target on shares of Houlihan Lokey from $187.00 to $177.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Zacks Research upgraded Houlihan Lokey from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Houlihan Lokey presently has an average rating of “Moderate Buy” and a consensus price target of $166.38.

Houlihan Lokey Stock Performance

NYSE HLI opened at $125.21 on Monday. The company has a market capitalization of $8.65 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.12 and a beta of 0.95. Houlihan Lokey has a one year low of $112.83 and a one year high of $211.78. The stock has a 50 day moving average price of $139.40 and a 200-day moving average price of $151.92.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.29). Houlihan Lokey had a net margin of 16.10% and a return on equity of 20.20%. The business had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $602.38 million. During the same period last year, the business posted $2.14 earnings per share. The company’s revenue for the quarter was down 15.6% compared to the same quarter last year. As a group, equities analysts predict that Houlihan Lokey will post 7.55 EPS for the current fiscal year.

Insider Buying and Selling at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 6,265 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $150.26, for a total value of $941,378.90. Following the sale, the chairman owned 6,265 shares of the company’s stock, valued at approximately $941,378.90. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 22.53% of the company’s stock.

Hedge Funds Weigh In On Houlihan Lokey

Hedge funds have recently added to or reduced their stakes in the company. Robinhood Asset Management LLC purchased a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $6,862,000. Pier Capital LLC raised its holdings in shares of Houlihan Lokey by 62.3% in the fourth quarter. Pier Capital LLC now owns 44,000 shares of the financial services provider’s stock worth $7,664,000 after buying an additional 16,894 shares during the period. M&T Bank Corp purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth approximately $4,467,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $1,942,000. Finally, Fenimore Asset Management Inc lifted its stake in shares of Houlihan Lokey by 16.2% during the 4th quarter. Fenimore Asset Management Inc now owns 123,672 shares of the financial services provider’s stock worth $21,542,000 after acquiring an additional 17,199 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Company Profile

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.