Barclays PLC restated their equal weight rating on shares of Xerox Corporation (NYSE:XRX) in a research note released on Tuesday. They currently have a $35.00 price target on the information technology services provider’s stock, up from their prior price target of $33.00.

XRX has been the topic of several other reports. Morgan Stanley dropped their price objective on Xerox Corporation to $32.00 and set an overweight rating on the stock in a research report on Friday, June 16th. Credit Suisse Group increased their price objective on Xerox Corporation from $32.00 to $34.00 and gave the company an outperform rating in a research report on Wednesday, August 2nd. BidaskClub raised Xerox Corporation from a sell rating to a hold rating in a research report on Thursday, June 29th. ValuEngine raised Xerox Corporation from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, Loop Capital reaffirmed a buy rating and set a $38.00 price objective (up from $36.00) on shares of Xerox Corporation in a research report on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $37.45.

Xerox Corporation (NYSE XRX) opened at 32.80 on Tuesday. The stock’s market capitalization is $8.34 billion. The company has a 50 day moving average of $31.86 and a 200-day moving average of $29.44. Xerox Corporation has a one year low of $22.90 and a one year high of $32.99.

Xerox Corporation (NYSE:XRX) last released its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.84 by $0.03. Xerox Corporation had a return on equity of 15.28% and a net margin of 4.55%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period last year, the firm posted $0.26 earnings per share. Xerox Corporation’s revenue was down 8.1% compared to the same quarter last year. Equities research analysts predict that Xerox Corporation will post $3.36 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Xerox Corporation’s (XRX) “Equal Weight” Rating Reaffirmed at Barclays PLC” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/13/xerox-corporations-xrx-equal-weight-rating-reaffirmed-at-barclays-plc.html.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.05%. This is a boost from Xerox Corporation’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, September 28th. Xerox Corporation’s dividend payout ratio (DPR) is presently 12.08%.

A number of large investors have recently made changes to their positions in the business. W. E. Donoghue & Co. LLC purchased a new position in Xerox Corporation in the second quarter worth about $16,580,000. Koch Industries Inc. boosted its position in Xerox Corporation by 3,616.8% in the second quarter. Koch Industries Inc. now owns 375,430 shares of the information technology services provider’s stock worth $363,000 after purchasing an additional 365,329 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Xerox Corporation in the second quarter worth about $470,000. Caxton Associates LP purchased a new position in Xerox Corporation in the second quarter worth about $419,000. Finally, Cambria Investment Management L.P. purchased a new position in shares of Xerox Corporation during the 2nd quarter valued at about $896,000. 83.93% of the stock is currently owned by institutional investors and hedge funds.

About Xerox Corporation

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.

Analyst Recommendations for Xerox Corporation (NYSE:XRX)

Receive News & Stock Ratings for Xerox Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xerox Corporation and related stocks with our FREE daily email newsletter.