Marshall Wace LLP acquired a new position in Hollysys Automation Technologies Ltd (NASDAQ:HOLI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,000 shares of the industrial products company’s stock, valued at approximately $244,000.

Several other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in shares of Hollysys Automation Technologies by 1.0% in the first quarter. Franklin Resources Inc. now owns 2,802,995 shares of the industrial products company’s stock worth $69,290,000 after acquiring an additional 28,946 shares during the period. Jupiter Asset Management Ltd. increased its stake in shares of Hollysys Automation Technologies by 1.4% in the first quarter. Jupiter Asset Management Ltd. now owns 1,493,229 shares of the industrial products company’s stock worth $36,913,000 after acquiring an additional 20,595 shares during the period. Wells Fargo & Company MN grew its position in Hollysys Automation Technologies by 65.6% during the second quarter. Wells Fargo & Company MN now owns 1,356,737 shares of the industrial products company’s stock valued at $30,038,000 after buying an additional 537,268 shares during the period. Bank of New York Mellon Corp grew its position in Hollysys Automation Technologies by 17.9% during the second quarter. Bank of New York Mellon Corp now owns 1,222,123 shares of the industrial products company’s stock valued at $27,058,000 after buying an additional 185,807 shares during the period. Finally, FIL Ltd grew its position in Hollysys Automation Technologies by 43.3% during the first quarter. FIL Ltd now owns 1,140,366 shares of the industrial products company’s stock valued at $28,190,000 after buying an additional 344,451 shares during the period. Hedge funds and other institutional investors own 70.45% of the company’s stock.

HOLI has been the topic of several analyst reports. JPMorgan Chase & Co. lowered shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $25.00 price target on the stock. in a research report on Wednesday, August 15th. BidaskClub upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. ValuEngine lowered shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Finally, Zacks Investment Research lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.67.

HOLI stock opened at $20.64 on Tuesday. The firm has a market cap of $1.26 billion, a P/E ratio of 11.77 and a beta of 1.62. The company has a current ratio of 3.01, a quick ratio of 2.83 and a debt-to-equity ratio of 0.03. Hollysys Automation Technologies Ltd has a one year low of $16.00 and a one year high of $28.35.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its earnings results on Tuesday, August 14th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). Hollysys Automation Technologies had a net margin of 19.82% and a return on equity of 13.36%. The company had revenue of $147.24 million during the quarter, compared to analyst estimates of $141.59 million. During the same quarter last year, the business earned $0.37 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. research analysts predict that Hollysys Automation Technologies Ltd will post 2.12 earnings per share for the current year.

Hollysys Automation Technologies Profile

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.

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Institutional Ownership by Quarter for Hollysys Automation Technologies (NASDAQ:HOLI)

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