Teacher Retirement System of Texas Has $3.30 Million Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Teacher Retirement System of Texas trimmed its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 64.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 20,458 shares of the financial services provider's stock after selling 37,070 shares during the quarter. Teacher Retirement System of Texas' holdings in Houlihan Lokey were worth $3,304,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Nicolet Advisory Services LLC lifted its position in shares of Houlihan Lokey by 4.8% during the 4th quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider's stock valued at $258,000 after acquiring an additional 70 shares during the period. Mariner LLC lifted its position in shares of Houlihan Lokey by 0.7% during the 4th quarter. Mariner LLC now owns 12,220 shares of the financial services provider's stock valued at $2,122,000 after acquiring an additional 81 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Houlihan Lokey by 17.5% during the 1st quarter. First Horizon Advisors Inc. now owns 550 shares of the financial services provider's stock valued at $89,000 after acquiring an additional 82 shares during the period. Benjamin Edwards Inc. lifted its position in shares of Houlihan Lokey by 5.7% during the 4th quarter. Benjamin Edwards Inc. now owns 1,636 shares of the financial services provider's stock valued at $284,000 after acquiring an additional 88 shares during the period. Finally, M&T Bank Corp lifted its position in shares of Houlihan Lokey by 2.5% during the 4th quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock valued at $655,000 after acquiring an additional 92 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley restated an "overweight" rating and set a $192.00 price objective (up from $159.00) on shares of Houlihan Lokey in a research report on Monday, June 23rd. Keefe, Bruyette & Woods upped their price objective on Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Wells Fargo & Company upped their price objective on Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $197.00.

Houlihan Lokey Price Performance

Shares of HLI stock traded down $1.34 on Friday, hitting $189.41. 353,005 shares of the company's stock were exchanged, compared to its average volume of 360,070. The stock has a market cap of $13.22 billion, a P/E ratio of 32.54 and a beta of 0.83. Houlihan Lokey, Inc. has a 12 month low of $137.99 and a 12 month high of $192.44. The company has a 50 day moving average of $177.06 and a 200 day moving average of $170.81.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. The firm had revenue of $666.42 million during the quarter, compared to the consensus estimate of $628.25 million. Houlihan Lokey had a return on equity of 21.61% and a net margin of 16.73%. The business's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the company earned $1.27 earnings per share. Sell-side analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 annualized dividend and a yield of 1.27%. Houlihan Lokey's dividend payout ratio (DPR) is currently 41.24%.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,008 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $178.71, for a total value of $1,431,109.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Irwin Gold sold 5,000 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $182.81, for a total value of $914,050.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,508 shares of company stock worth $2,431,670. 23.68% of the stock is currently owned by insiders.

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.