Andra AP fonden reduced its stake in Xerox Corporation (NYSE:XRX) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,475 shares of the information technology services provider’s stock after selling 2,825 shares during the quarter. Andra AP fonden owned approximately 0.07% of Xerox Corporation worth $5,609,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of XRX. Amalgamated Bank grew its holdings in Xerox Corporation by 6.5% in the 1st quarter. Amalgamated Bank now owns 68,214 shares of the information technology services provider’s stock valued at $501,000 after buying an additional 4,175 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of Xerox Corporation by 868.0% in the 1st quarter. Bank of Nova Scotia now owns 196,636 shares of the information technology services provider’s stock valued at $1,443,000 after purchasing an additional 176,322 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its stake in shares of Xerox Corporation by 8.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 33,853 shares of the information technology services provider’s stock valued at $973,000 after purchasing an additional 2,694 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Xerox Corporation by 52.5% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 35,055 shares of the information technology services provider’s stock valued at $1,007,000 after purchasing an additional 12,074 shares during the last quarter. Finally, James Investment Research Inc. acquired a new position in Xerox Corporation during the 2nd quarter worth about $684,000. Institutional investors own 83.70% of the company’s stock.
A number of research firms have recently commented on XRX. Zacks Investment Research downgraded Xerox Corporation from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. ValuEngine upgraded Xerox Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Loop Capital initiated coverage on Xerox Corporation in a research note on Monday, July 24th. They set a “buy” rating and a $36.00 price target on the stock. Citigroup Inc. set a $39.00 price objective on Xerox Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Finally, Barclays PLC reissued an “equal weight” rating and set a $35.00 price target (up previously from $33.00) on shares of Xerox Corporation in a research report on Tuesday, September 12th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Xerox Corporation presently has a consensus rating of “Buy” and an average price target of $35.50.
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Xerox Corporation (XRX) opened at $29.06 on Monday. The company has a market capitalization of $7,398.27, a P/E ratio of 8.65 and a beta of 1.14. Xerox Corporation has a fifty-two week low of $24.86 and a fifty-two week high of $34.13. The company has a current ratio of 1.63, a quick ratio of 1.33 and a debt-to-equity ratio of 0.97.
Xerox Corporation (NYSE:XRX) last issued its quarterly earnings data on Thursday, October 26th. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. Xerox Corporation had a return on equity of 17.23% and a net margin of 5.29%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the company posted $0.84 EPS. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. sell-side analysts predict that Xerox Corporation will post 3.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Thursday, December 28th. Xerox Corporation’s dividend payout ratio (DPR) is 48.31%.
Xerox Corporation Profile
Xerox Corporation is a provider of digital print technology and related solutions. The Company has capabilities in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity. The Company’s primary offerings span three main areas: Managed Document Services, Workplace Solutions and Graphic Communications.
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