Asset Management One Co. Ltd. Has $11.10 Million Stake in Xerox Corp (XRX)

Asset Management One Co. Ltd. increased its stake in Xerox Corp (NYSE:XRX) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,226 shares of the information technology services provider’s stock after acquiring an additional 3,468 shares during the period. Asset Management One Co. Ltd. owned approximately 0.13% of Xerox worth $11,104,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in XRX. Federated Investors Inc. PA raised its stake in shares of Xerox by 378.0% in the second quarter. Federated Investors Inc. PA now owns 590,999 shares of the information technology services provider’s stock valued at $16,980,000 after acquiring an additional 467,371 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Xerox in the second quarter valued at $164,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Xerox in the second quarter valued at $2,318,000. Principal Financial Group Inc. raised its stake in shares of Xerox by 61.1% in the second quarter. Principal Financial Group Inc. now owns 2,182,972 shares of the information technology services provider’s stock valued at $62,715,000 after acquiring an additional 828,269 shares in the last quarter. Finally, Delta Lloyd Asset Management N.V. acquired a new stake in shares of Xerox in the second quarter valued at $360,000. Institutional investors and hedge funds own 84.03% of the company’s stock.

Xerox Corp (NYSE XRX) traded up $0.35 during trading on Friday, reaching $29.65. The company’s stock had a trading volume of 4,320,000 shares, compared to its average volume of 2,096,392. Xerox Corp has a one year low of $24.86 and a one year high of $34.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.33 and a current ratio of 1.63. The firm has a market capitalization of $7,548.47, a PE ratio of 8.82 and a beta of 1.12.

Xerox (NYSE:XRX) last posted its quarterly earnings results on Thursday, October 26th. The information technology services provider reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.06. Xerox had a return on equity of 17.23% and a net margin of 5.29%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the firm earned $0.84 earnings per share. Xerox’s quarterly revenue was down 5.0% on a year-over-year basis. analysts anticipate that Xerox Corp will post 3.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, December 28th. Xerox’s dividend payout ratio is presently 48.31%.

In other Xerox news, EVP Herve Tessler sold 6,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $28.59, for a total value of $171,540.00. Following the sale, the executive vice president now directly owns 35,878 shares in the company, valued at $1,025,752.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is owned by company insiders.

Several analysts have recently issued reports on the company. UBS reiterated a “hold” rating and issued a $34.50 price objective on shares of Xerox in a research note on Tuesday, December 5th. Zacks Investment Research upgraded Xerox from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Barclays reiterated an “equal weight” rating and issued a $35.00 price objective (up from $33.00) on shares of Xerox in a research note on Tuesday, September 12th. Finally, ValuEngine upgraded Xerox from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $35.50.

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Xerox 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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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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