Virtu KCG Holdings LLC purchased a new stake in Canon, Inc. (NYSE:CAJ) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,230 shares of the technology company’s stock, valued at approximately $314,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC boosted its stake in Canon by 301.8% during the 1st quarter. Proficio Capital Partners LLC now owns 3,275 shares of the technology company’s stock worth $111,000 after purchasing an additional 2,460 shares during the last quarter. Sei Investments Co. boosted its position in shares of Canon by 67.5% during the 2nd quarter. Sei Investments Co. now owns 4,732 shares of the technology company’s stock valued at $161,000 after acquiring an additional 1,907 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Canon by 5.4% during the 2nd quarter. Advisor Group Inc. now owns 5,159 shares of the technology company’s stock valued at $175,000 after acquiring an additional 263 shares during the last quarter. Jarislowsky Fraser Ltd acquired a new position in shares of Canon during the 2nd quarter valued at about $204,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Canon during the 2nd quarter valued at about $233,000. 1.20% of the stock is currently owned by hedge funds and other institutional investors.
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Several research analysts have recently weighed in on CAJ shares. Zacks Investment Research cut shares of Canon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub lowered shares of Canon from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $40.00.
Shares of Canon, Inc. (CAJ) opened at 37.53 on Friday. The stock has a market capitalization of $40.52 billion, a price-to-earnings ratio of 22.91 and a beta of 0.42. The firm’s 50-day moving average is $34.84 and its 200-day moving average is $34.30. Canon, Inc. has a 52 week low of $27.76 and a 52 week high of $37.53.
Canon (NYSE:CAJ) last issued its earnings results on Thursday, July 27th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. The business had revenue of $8.86 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Canon had a return on equity of 7.70% and a net margin of 5.91%. On average, equities research analysts anticipate that Canon, Inc. will post $1.62 EPS for the current fiscal year.
Canon Inc (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. Canon sells its products principally under the Canon brand name and through sales subsidiaries. Each of these subsidiaries is responsible for marketing and distribution to retail dealers in an assigned territory.
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