NumerixS Investment Technologies Inc Buys Shares of 5,800 Xerox Corp (NYSE:XRX)

NumerixS Investment Technologies Inc bought a new stake in Xerox Corp (NYSE:XRX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,800 shares of the information technology services provider’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gradient Investments LLC increased its stake in Xerox by 751.0% during the 2nd quarter. Gradient Investments LLC now owns 834 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 736 shares in the last quarter. Coastal Investment Advisors Inc. bought a new stake in shares of Xerox during the second quarter valued at approximately $32,000. CWM LLC raised its position in shares of Xerox by 57.9% during the second quarter. CWM LLC now owns 982 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 360 shares during the last quarter. NuWave Investment Management LLC raised its position in shares of Xerox by 422.1% during the second quarter. NuWave Investment Management LLC now owns 1,227 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 992 shares during the last quarter. Finally, Ossiam bought a new stake in shares of Xerox during the second quarter valued at approximately $143,000. Hedge funds and other institutional investors own 84.77% of the company’s stock.

XRX traded up $0.15 during trading hours on Friday, hitting $30.35. The company’s stock had a trading volume of 564,498 shares, compared to its average volume of 1,776,474. The business’s 50-day moving average price is $29.39 and its 200-day moving average price is $32.35. Xerox Corp has a 12 month low of $18.58 and a 12 month high of $36.58. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 8.77 and a beta of 1.76. The company has a current ratio of 1.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.79.

Xerox (NYSE:XRX) last announced its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. Xerox had a net margin of 5.76% and a return on equity of 18.78%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. Xerox’s quarterly revenue was down 8.8% on a year-over-year basis. On average, analysts forecast that Xerox Corp will post 3.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, September 27th. Xerox’s payout ratio is 28.90%.

Several research firms have recently issued reports on XRX. ValuEngine cut shares of Xerox from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Xerox from a “hold” rating to a “sell” rating and set a $32.00 price target on the stock. in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $36.00.

In other Xerox news, EVP Herve Tessler sold 32,200 shares of Xerox stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $31.22, for a total transaction of $1,005,284.00. Following the completion of the transaction, the executive vice president now directly owns 11,804 shares of the company’s stock, valued at $368,520.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by insiders.

Xerox Company Profile

Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers intelligent workplace services, including managed print services; digitization services; and digital solutions, such as workflow automation, personalization and communication software, and content management.

See Also: Exchange-Traded Funds (ETFs)

Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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