ORIX (NYSE:IX) Raised to Buy at StockNews.com

StockNews.com upgraded shares of ORIX (NYSE:IX) from a hold rating to a buy rating in a research note published on Tuesday.

ORIX Stock Performance

IX stock opened at $107.87 on Tuesday. The business’s fifty day simple moving average is $113.04 and its two-hundred day simple moving average is $112.78. The company has a quick ratio of 1.77, a current ratio of 1.40 and a debt-to-equity ratio of 1.38. The firm has a market cap of $25.05 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 1.05 and a beta of 0.91. ORIX has a twelve month low of $88.28 and a twelve month high of $125.84.

Institutional Investors Weigh In On ORIX

Several hedge funds have recently made changes to their positions in IX. MML Investors Services LLC raised its holdings in shares of ORIX by 12.1% in the third quarter. MML Investors Services LLC now owns 3,298 shares of the real estate investment trust’s stock valued at $383,000 after acquiring an additional 355 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of ORIX by 1.7% during the third quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust’s stock valued at $950,000 after purchasing an additional 134 shares in the last quarter. Quantinno Capital Management LP increased its holdings in ORIX by 20.0% during the third quarter. Quantinno Capital Management LP now owns 35,200 shares of the real estate investment trust’s stock valued at $4,085,000 after buying an additional 5,868 shares during the period. Captrust Financial Advisors raised its stake in ORIX by 8.9% in the third quarter. Captrust Financial Advisors now owns 2,315 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 189 shares in the last quarter. Finally, Financial Counselors Inc. lifted its holdings in ORIX by 9.6% during the third quarter. Financial Counselors Inc. now owns 3,626 shares of the real estate investment trust’s stock worth $421,000 after buying an additional 317 shares during the period. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

ORIX Company Profile

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.