Aperio Group LLC Buys 9,132 Shares of Xerox (XRX)

Aperio Group LLC boosted its stake in shares of Xerox (NYSE:XRX) by 3.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 243,347 shares of the information technology services provider’s stock after buying an additional 9,132 shares during the period. Aperio Group LLC owned approximately 0.10% of Xerox worth $7,004,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Allen Capital Group LLC raised its holdings in Xerox by 10.5% during the 1st quarter. Allen Capital Group LLC now owns 18,355 shares of the information technology services provider’s stock valued at $528,000 after buying an additional 1,746 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Xerox by 9.3% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 21,683 shares of the information technology services provider’s stock valued at $632,000 after buying an additional 1,846 shares during the period. Itau Unibanco Holding S.A. grew its position in Xerox by 11.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 18,608 shares of the information technology services provider’s stock valued at $542,000 after acquiring an additional 1,852 shares during the last quarter. Raymond James & Associates grew its position in Xerox by 7.9% in the 4th quarter. Raymond James & Associates now owns 27,118 shares of the information technology services provider’s stock valued at $791,000 after acquiring an additional 1,988 shares during the last quarter. Finally, First Republic Investment Management Inc. grew its position in Xerox by 14.2% in the 4th quarter. First Republic Investment Management Inc. now owns 16,359 shares of the information technology services provider’s stock valued at $477,000 after acquiring an additional 2,037 shares during the last quarter. Institutional investors own 83.50% of the company’s stock.

Shares of Xerox stock opened at $28.11 on Friday. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 8.08 and a beta of 1.18. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.39 and a current ratio of 1.71. Xerox has a 52 week low of $27.11 and a 52 week high of $37.42.

Xerox (NYSE:XRX) last posted its quarterly earnings results on Thursday, May 3rd. The information technology services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.05). Xerox had a return on equity of 17.08% and a net margin of 1.74%. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the company posted $0.15 EPS. Xerox’s quarterly revenue was down .8% compared to the same quarter last year. equities analysts expect that Xerox will post 3.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Friday, June 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, June 28th. Xerox’s payout ratio is 28.74%.

Several brokerages have commented on XRX. JPMorgan Chase & Co. cut their price objective on Xerox from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 13th. ValuEngine downgraded Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Loop Capital reaffirmed a “buy” rating on shares of Xerox in a research report on Thursday, February 1st. Standpoint Research reaffirmed a “hold” rating on shares of Xerox in a research report on Wednesday, January 31st. Finally, Cross Research downgraded Xerox from a “buy” rating to a “hold” rating in a research report on Monday, May 14th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.81.

Xerox Company Profile

Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers managed document services, including managed print services and multi-channel communication services, as well as a range of digital solutions, such as workflow automation services, content management, and digitization services.

Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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