SYSTM Wealth Solutions LLC Sells 1,648 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

SYSTM Wealth Solutions LLC lowered its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 87.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 233 shares of the financial services provider’s stock after selling 1,648 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Houlihan Lokey were worth $31,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HLI. Vanguard Group Inc. lifted its holdings in Houlihan Lokey by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock worth $654,300,000 after buying an additional 29,843 shares during the period. Burgundy Asset Management Ltd. lifted its stake in shares of Houlihan Lokey by 2.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,714,480 shares of the financial services provider’s stock worth $205,583,000 after acquiring an additional 46,443 shares during the period. Fiduciary Management Inc. WI lifted its stake in shares of Houlihan Lokey by 3.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,195,597 shares of the financial services provider’s stock worth $143,364,000 after acquiring an additional 39,705 shares during the period. Capital International Investors boosted its holdings in Houlihan Lokey by 56.7% in the fourth quarter. Capital International Investors now owns 792,073 shares of the financial services provider’s stock valued at $94,977,000 after acquiring an additional 286,746 shares during the last quarter. Finally, Sei Investments Co. increased its position in Houlihan Lokey by 5.5% during the 1st quarter. Sei Investments Co. now owns 731,130 shares of the financial services provider’s stock valued at $93,723,000 after purchasing an additional 37,882 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 2.3 %

Shares of NYSE HLI opened at $158.32 on Friday. The firm has a market capitalization of $10.86 billion, a P/E ratio of 38.52 and a beta of 0.67. The firm’s 50-day moving average price is $149.89 and its 200-day moving average price is $137.02. Houlihan Lokey, Inc. has a 1-year low of $94.67 and a 1-year high of $160.62.

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

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Tuesday, September 3rd. Houlihan Lokey’s dividend payout ratio is currently 55.47%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HLI. Morgan Stanley dropped their price target on shares of Houlihan Lokey from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wells Fargo & Company began coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $154.00 price objective (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Finally, UBS Group raised their target price on Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a research note 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 issued a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and an average price target of $149.60.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.89, for a total transaction of $1,263,269.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Scott L. Beiser sold 8,317 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,619 shares of company stock valued at $2,818,759. 25.97% of the stock is owned by company insiders.

Houlihan Lokey Company Profile

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.