Trade Report: Today, Analysts Set Hollysys Automation Technologies Ltd. (HOLI) PT at $20.67

Today, Analysts Set Hollysys Automation Technologies Ltd. (HOLI) PT at $20.67

Shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) have earned an average recommendation of “Hold” from the six ratings firms that are covering the firm. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $20.67.

Separately, Zacks Investment Research lowered Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 17th.

Several hedge funds have recently modified their holdings of the stock. 1st Global Advisors Inc. increased its stake in shares of Hollysys Automation Technologies by 3.0% in the second quarter. 1st Global Advisors Inc. now owns 13,190 shares of the company’s stock worth $229,000 after buying an additional 386 shares during the period. Thomas White International Ltd. increased its stake in shares of Hollysys Automation Technologies by 0.5% in the third quarter. Thomas White International Ltd. now owns 173,422 shares of the company’s stock worth $3,845,000 after buying an additional 859 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Hollysys Automation Technologies by 11.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,460 shares of the company’s stock worth $199,000 after buying an additional 1,175 shares during the period. Northern Trust Corp increased its stake in shares of Hollysys Automation Technologies by 1.7% in the third quarter. Northern Trust Corp now owns 183,919 shares of the company’s stock worth $4,077,000 after buying an additional 3,006 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Hollysys Automation Technologies during the third quarter worth about $135,000. Hedge funds and other institutional investors own 51.09% of the company’s stock.

Hollysys Automation Technologies (NASDAQ:HOLI) opened at 19.67 on Wednesday. Hollysys Automation Technologies has a 1-year low of $15.00 and a 1-year high of $23.55. The firm has a market cap of $1.18 billion, a P/E ratio of 10.78 and a beta of 1.59. The stock has a 50 day moving average price of $20.09 and a 200 day moving average price of $19.56.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings data on Monday, November 14th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.10. Hollysys Automation Technologies had a return on equity of 17.04% and a net margin of 21.02%. The firm earned $103.50 million during the quarter, compared to analysts’ expectations of $141.76 million. Hollysys Automation Technologies’s quarterly revenue was down 17.3% on a year-over-year basis. On average, analysts anticipate that Hollysys Automation Technologies will post $2.13 EPS for the current year.

The firm also recently declared an annual dividend, which was paid on Friday, November 11th. Stockholders of record on Wednesday, October 26th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, October 24th. Hollysys Automation Technologies’s dividend payout ratio (DPR) is presently 10.99%.

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