Allen Capital Group LLC bought a new position in Xerox Corp (NYSE:XRX) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 16,609 shares of the information technology services provider’s stock, valued at approximately $484,000.
Several other large investors also recently bought and sold shares of XRX. Nationwide Fund Advisors lifted its position in shares of Xerox by 1.4% in the 3rd quarter. Nationwide Fund Advisors now owns 113,587 shares of the information technology services provider’s stock worth $3,781,000 after purchasing an additional 1,597 shares during the period. Boston Advisors LLC lifted its position in shares of Xerox by 0.8% in the 3rd quarter. Boston Advisors LLC now owns 306,435 shares of the information technology services provider’s stock worth $10,201,000 after purchasing an additional 2,566 shares during the period. Aperio Group LLC lifted its position in shares of Xerox by 7.1% in the 3rd quarter. Aperio Group LLC now owns 266,423 shares of the information technology services provider’s stock worth $8,869,000 after purchasing an additional 17,565 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Xerox in the 3rd quarter worth about $1,650,000. Finally, State of Wisconsin Investment Board increased its stake in shares of Xerox by 67.0% in the 3rd quarter. State of Wisconsin Investment Board now owns 275,492 shares of the information technology services provider’s stock worth $9,171,000 after acquiring an additional 110,544 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Xerox Corp (NYSE XRX) opened at $30.23 on Friday. Xerox Corp has a 12 month low of $26.64 and a 12 month high of $37.42. The company has a market cap of $7,700.00, a P/E ratio of 13.62 and a beta of 1.13. The company has a quick ratio of 1.57, a current ratio of 1.91 and a debt-to-equity ratio of 0.99.
Xerox (NYSE:XRX) last posted its quarterly earnings data on Wednesday, January 31st. The information technology services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.63 billion. Xerox had a net margin of 1.67% and a return on equity of 17.13%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. research analysts anticipate that Xerox Corp will post 3.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.31%. Xerox’s payout ratio is 45.05%.
Several brokerages recently issued reports on XRX. Standpoint Research reiterated a “hold” rating on shares of Xerox in a research note on Wednesday, January 31st. Loop Capital reiterated a “buy” rating on shares of Xerox in a research note on Thursday, February 1st. UBS Group upgraded shares of Xerox from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research lowered shares of Xerox from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Xerox from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Xerox currently has a consensus rating of “Buy” and an average price target of $35.72.
In related news, insider Carl C. Icahn sold 1,161,404 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $34.49, for a total value of $40,056,823.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Carl C. Icahn sold 140,011 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $32.50, for a total transaction of $4,550,357.50. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.
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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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