Robeco Institutional Asset Management B.V. increased its stake in shares of Xerox Corp. (NYSE:XRX) by 7.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,067,322 shares of the company’s stock after buying an additional 74,119 shares during the period. Robeco Institutional Asset Management B.V. owned 0.11% of Xerox Corp. worth $10,128,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Nisa Investment Advisors L.L.C. boosted its position in shares of Xerox Corp. by 1.3% in the first quarter. Nisa Investment Advisors L.L.C. now owns 121,181 shares of the company’s stock valued at $1,352,000 after buying an additional 1,600 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Xerox Corp. by 13.1% in the first quarter. TIAA CREF Investment Management LLC now owns 6,001,043 shares of the company’s stock valued at $66,972,000 after buying an additional 696,558 shares during the period. Prudential Financial Inc. boosted its position in shares of Xerox Corp. by 3.8% in the first quarter. Prudential Financial Inc. now owns 3,293,365 shares of the company’s stock valued at $36,754,000 after buying an additional 121,930 shares during the period. Columbia Partners L L C Investment Management bought a new position in shares of Xerox Corp. during the first quarter valued at $998,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Xerox Corp. by 79.0% in the first quarter. JPMorgan Chase & Co. now owns 3,015,848 shares of the company’s stock valued at $33,657,000 after buying an additional 1,331,226 shares during the period. Institutional investors and hedge funds own 83.90% of the company’s stock.

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

Xerox Corp. (NYSE:XRX) traded down 1.10% on Friday, reaching $9.90. The company’s stock had a trading volume of 5,154,884 shares. The stock has a market cap of $10.03 billion, a P/E ratio of 25.85 and a beta of 1.29. The stock has a 50-day moving average of $9.87 and a 200-day moving average of $9.94. Xerox Corp. has a one year low of $8.48 and a one year high of $11.39.

Xerox Corp. (NYSE:XRX) last released its earnings results on Friday, July 29th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. Xerox Corp. had a return on equity of 12.36% and a net margin of 2.49%. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the prior year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was down 69.8% on a year-over-year basis. On average, analysts predict that Xerox Corp. will post $1.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be paid a $0.0775 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.13%. Xerox Corp.’s dividend payout ratio is currently 75.61%.

Several equities analysts have weighed in on XRX shares. Zacks Investment Research cut Xerox Corp. from a “hold” rating to a “sell” rating in a research note on Monday, June 27th. Piper Jaffray Cos. reiterated an “overweight” rating on shares of Xerox Corp. in a research note on Saturday, July 2nd. Brean Capital reiterated a “hold” rating on shares of Xerox Corp. in a research note on Monday, August 1st. BMO Capital Markets lifted their target price on Xerox Corp. from $10.00 to $10.50 and gave the stock a “market perform” rating in a research note on Monday, August 1st. Finally, Barclays PLC reiterated an “underweight” rating and set a $11.00 target price (up from $10.00) on shares of Xerox Corp. in a research note on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $11.10.

In other news, insider Herve Tessler sold 13,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $9.89, for a total value of $128,570.00. Following the sale, the insider now directly owns 110,319 shares of the company’s stock, valued at $1,091,054.91. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Ursula M. Burns sold 3,317 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $9.85, for a total value of $32,672.45. The disclosure for this sale can be found here. 0.37% of the stock is owned by insiders.

Xerox Corp. Company Profile

Xerox Corporation is engaged in imaging, business process, analytics, automation and user-centric insights. The Company’s segments include Services, Document Technology and Other. The Company’s Services segment comprises two types of service offerings: Business Process Outsourcing (BPO) and Document Outsourcing (DO).

5 Day Chart for NYSE:XRX

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