Texas Permanent School Fund Corp Has $5.26 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Texas Permanent School Fund Corp trimmed its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 14.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,009 shares of the financial services provider's stock after selling 6,605 shares during the quarter. Texas Permanent School Fund Corp owned 0.06% of Houlihan Lokey worth $5,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP lifted its position in Houlihan Lokey by 624.8% in the 1st quarter. Quantbot Technologies LP now owns 7,270 shares of the financial services provider's stock worth $932,000 after buying an additional 6,267 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Houlihan Lokey by 0.6% during the first quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider's stock worth $654,300,000 after acquiring an additional 29,843 shares in the last quarter. Sei Investments Co. boosted its position in Houlihan Lokey by 5.5% during the first 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 last quarter. Eagle Asset Management Inc. grew its stake in Houlihan Lokey by 11.7% in the fourth quarter. Eagle Asset Management Inc. now owns 118,460 shares of the financial services provider's stock valued at $14,205,000 after purchasing an additional 12,419 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in Houlihan Lokey by 36.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 165,791 shares of the financial services provider's stock worth $19,880,000 after purchasing an additional 44,558 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Up 1.7 %

Shares of NYSE:HLI traded up $2.59 during trading on Friday, reaching $154.04. The stock had a trading volume of 243,095 shares, compared to its average volume of 323,621. The stock has a fifty day simple moving average of $148.61 and a two-hundred day simple moving average of $136.37. Houlihan Lokey, Inc. has a 52 week low of $94.67 and a 52 week high of $157.58. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 37.48 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its 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 net margin of 15.30% and a return on equity of 18.80%. The firm had revenue of $514.00 million for the quarter, compared to the consensus estimate of $508.70 million. During the same quarter last year, the firm posted $0.89 EPS. The business's quarterly revenue was up 23.6% on a year-over-year basis. On average, analysts forecast that Houlihan Lokey, Inc. will post 5.64 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.48%. Houlihan Lokey's dividend payout ratio is presently 55.47%.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey 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 value of $1,339,245.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $135.25, for a total value 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, Chairman Scott L. Beiser sold 8,317 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $151.89, for a total transaction of $1,263,269.13. The disclosure for this sale can be found here. Insiders sold a total of 19,619 shares of company stock worth $2,818,759 in the last 90 days. 25.97% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group lifted their price target on Houlihan Lokey from $157.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their target price 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. Keefe, Bruyette & Woods restated a "market perform" rating and set a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Morgan Stanley raised their price target on shares of Houlihan Lokey from $131.00 to $148.00 and gave the company an "equal weight" rating in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a report on Thursday. They issued an "underweight" rating and a $149.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Houlihan Lokey currently has an average rating of "Hold" and a consensus target price of $150.00.

Houlihan Lokey 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.