ORIX (NYSE:IX) Stock Rating Upgraded by 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 morning.

ORIX Stock Down 0.4 %

NYSE IX opened at $107.87 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.77 and a debt-to-equity ratio of 1.38. ORIX has a 12 month low of $88.28 and a 12 month high of $125.84. The stock’s 50 day moving average is $113.04 and its 200 day moving average is $112.78. The stock has a market cap of $25.05 billion, a PE ratio of 9.30, a P/E/G ratio of 1.05 and a beta of 0.91.

Institutional Trading of ORIX

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in ORIX by 135.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 842 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 485 shares during the last quarter. BNP Paribas Financial Markets raised its stake in ORIX by 26.7% during the first quarter. BNP Paribas Financial Markets now owns 3,801 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 801 shares in the last quarter. Atomi Financial Group Inc. bought a new position in ORIX during the first quarter valued at $213,000. Sei Investments Co. grew its stake in shares of ORIX by 21.8% in the 1st quarter. Sei Investments Co. now owns 19,473 shares of the real estate investment trust’s stock worth $2,145,000 after buying an additional 3,484 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of ORIX in the 1st quarter worth $219,000. Hedge funds and other institutional investors own 1.73% of the company’s stock.

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.