ORIX (NYSE:IX) Shares Gap Up to $121.79

Shares of ORIX Co. (NYSE:IX) gapped up prior to trading on Monday . The stock had previously closed at $121.79, but opened at $125.00. ORIX shares last traded at $123.04, with a volume of 4,250 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of ORIX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

ORIX Stock Performance

The company has a 50 day simple moving average of $117.81 and a 200-day simple moving average of $111.27. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. The company has a quick ratio of 1.77, a current ratio of 1.81 and a debt-to-equity ratio of 1.38.

ORIX (NYSE:IX) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $2.41 EPS for the quarter. ORIX had a return on equity of 9.29% and a net margin of 13.01%. The business had revenue of $4.54 billion during the quarter. As a group, equities research analysts expect that ORIX Co. will post 11.23 EPS for the current fiscal year.

Hedge Funds Weigh In On ORIX

Several institutional investors have recently modified their holdings of the business. Addison Advisors LLC bought a new position in shares of ORIX during the 2nd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC raised its stake in shares of ORIX by 44.7% in the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 140 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in ORIX by 573.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 396 shares during the period. GAMMA Investing LLC boosted its position in ORIX by 27.7% during the first quarter. GAMMA Investing LLC now owns 840 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 182 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of ORIX by 135.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 485 shares during the period. 1.73% of the stock is owned by institutional investors.

About ORIX

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.