Sei Investments Co. boosted its position in shares of Canon Inc (NYSE:CAJ) by 641.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 53,802 shares of the technology company’s stock after acquiring an additional 46,542 shares during the quarter. Sei Investments Co.’s holdings in Canon were worth $1,962,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Green Square Capital LLC acquired a new position in shares of Canon in the 4th quarter valued at about $207,000. Brown Advisory Inc. acquired a new position in shares of Canon in the 4th quarter valued at about $207,000. Trexquant Investment LP acquired a new position in shares of Canon in the 1st quarter valued at about $229,000. LPL Financial LLC acquired a new position in shares of Canon in the 4th quarter valued at about $240,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Canon in the 1st quarter valued at about $258,000. 1.76% of the stock is owned by institutional investors.
Shares of Canon stock opened at $33.52 on Monday. The company has a quick ratio of 1.44, a current ratio of 2.00 and a debt-to-equity ratio of 0.17. Canon Inc has a twelve month low of $32.20 and a twelve month high of $40.67. The stock has a market capitalization of $36.61 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 1.86 and a beta of 0.67.
Canon (NYSE:CAJ) last announced its quarterly earnings results on Friday, May 11th. The technology company reported $0.49 earnings per share for the quarter. Canon had a return on equity of 8.75% and a net margin of 6.00%. The firm had revenue of $8.87 billion during the quarter, compared to analyst estimates of $8.92 billion. analysts forecast that Canon Inc will post 2.28 earnings per share for the current fiscal year.
CAJ has been the subject of several analyst reports. ValuEngine cut Canon from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Zacks Investment Research cut Canon from a “strong-buy” rating to a “hold” rating in a report on Friday, April 6th.
Canon Company Profile
Canon Inc manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates in four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.
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