Aperio Group LLC Has $4,690,000 Stake in Xerox Corp. (XRX)
Aperio Group LLC boosted its position in Xerox Corp. (NYSE:XRX) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 462,951 shares of the company’s stock after buying an additional 11,371 shares during the period. Aperio Group LLC’s holdings in Xerox Corp. were worth $4,690,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Concert Wealth Management Inc. increased its position in Xerox Corp. by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 10,375 shares of the company’s stock worth $104,000 after buying an additional 59 shares in the last quarter. Eaton Vance Management increased its position in Xerox Corp. by 0.7% in the second quarter. Eaton Vance Management now owns 11,873 shares of the company’s stock worth $113,000 after buying an additional 88 shares in the last quarter. Tdam USA Inc. increased its position in Xerox Corp. by 0.5% in the second quarter. Tdam USA Inc. now owns 27,343 shares of the company’s stock worth $259,000 after buying an additional 139 shares in the last quarter. Commerce Bank increased its position in Xerox Corp. by 0.8% in the second quarter. Commerce Bank now owns 29,906 shares of the company’s stock worth $284,000 after buying an additional 228 shares in the last quarter. Finally, SSI Investment Management Inc. increased its position in Xerox Corp. by 1.8% in the second quarter. SSI Investment Management Inc. now owns 14,721 shares of the company’s stock worth $138,000 after buying an additional 254 shares in the last quarter. 82.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Xerox Corp. (NYSE:XRX) traded down 1.16% during midday trading on Wednesday, hitting $9.35. The stock had a trading volume of 11,754,755 shares. The stock’s 50 day moving average price is $9.55 and its 200 day moving average price is $9.70. Xerox Corp. has a 12 month low of $8.48 and a 12 month high of $11.39. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of 15.69 and a beta of 1.22.
Xerox Corp. (NYSE:XRX) last released its quarterly earnings data on Friday, October 28th. The company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. Xerox Corp. had a return on equity of 12.62% and a net margin of 3.74%. The company earned $4.20 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the company earned $0.24 EPS. Xerox Corp.’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts forecast that Xerox Corp. will post $1.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Thursday, December 15th will be issued a $0.0775 dividend. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $0.31 annualized dividend and a yield of 3.32%. Xerox Corp.’s payout ratio is 50.00%.
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XRX has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Xerox Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, November 15th. Vetr downgraded shares of Xerox Corp. from a “strong-buy” rating to a “hold” rating and set a $9.96 price target on the stock. in a report on Tuesday, September 13th. Brean Capital reissued a “hold” rating on shares of Xerox Corp. in a report on Monday, October 31st. Barclays PLC reissued an “underweight” rating and issued a $11.00 price target (up from $10.00) on shares of Xerox Corp. in a report on Tuesday, August 2nd. Finally, Morgan Stanley downgraded shares of Xerox Corp. from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $11.50 to $9.50 in a report on Monday, November 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Xerox Corp. has a consensus rating of “Hold” and an average price target of $10.95.
In related news, CFO Leslie F. Varon sold 3,510 shares of Xerox Corp. stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $9.45, for a total value of $33,169.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Ursula M. Burns sold 74,815 shares of Xerox Corp. stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $9.51, for a total value of $711,490.65. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate 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).
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