Orix Corp Ads $IX Stock Bought by Vise Technologies Inc.

Vise Technologies Inc. increased its position in Orix Corp Ads (NYSE:IX) by 30.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 118,008 shares of the real estate investment trust’s stock after purchasing an additional 27,457 shares during the period. Vise Technologies Inc.’s holdings in Orix Corp Ads were worth $4,450,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IX. Bank of America Corp DE lifted its position in Orix Corp Ads by 0.9% during the first quarter. Bank of America Corp DE now owns 2,893,892 shares of the real estate investment trust’s stock valued at $86,788,000 after buying an additional 25,662 shares during the period. Quantinno Capital Management LP grew its position in shares of Orix Corp Ads by 16.3% in the 1st quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust’s stock worth $27,723,000 after buying an additional 129,739 shares during the period. QRG Capital Management Inc. grew its position in shares of Orix Corp Ads by 8.5% in the 2nd quarter. QRG Capital Management Inc. now owns 166,395 shares of the real estate investment trust’s stock worth $6,330,000 after buying an additional 13,092 shares during the period. Gradient Investments LLC increased its stake in shares of Orix Corp Ads by 4.9% in the 2nd quarter. Gradient Investments LLC now owns 165,151 shares of the real estate investment trust’s stock worth $6,282,000 after acquiring an additional 7,697 shares in the last quarter. Finally, Calamos Advisors LLC bought a new position in shares of Orix Corp Ads in the 1st quarter worth about $4,899,000. Institutional investors own 1.73% of the company’s stock.

Orix Corp Ads Stock Performance

Orix Corp Ads stock opened at $36.46 on Wednesday. Orix Corp Ads has a twelve month low of $24.31 and a twelve month high of $42.39. The company has a quick ratio of 2.07, a current ratio of 2.15 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $40.48 billion, a P/E ratio of 10.24, a PEG ratio of 0.72 and a beta of 0.92. The stock’s 50 day moving average is $38.15 and its 200 day moving average is $36.10.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings data on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter. The business had revenue of $7.06 billion during the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%. On average, equities research analysts predict that Orix Corp Ads will post 5.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IX. Zacks Research cut shares of Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Orix Corp Ads Profile

ORIX Corporation is a diversified financial services company headquartered in Tokyo, Japan. Founded in 1964 as a leasing business, the company has expanded into a broad range of services for corporate and retail customers, including equipment and automobile leasing, loans, investment products, insurance, and banking-related services.

ORIX also operates businesses in real estate, private equity and concession investments, aircraft leasing, ships and transportation equipment, and environmental and energy services.