Xerox Corporation (XRX) Shares Bought by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. grew its position in shares of Xerox Corporation (NYSE:XRX) by 132.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,391 shares of the information technology services provider’s stock after acquiring an additional 7,641 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Xerox Corporation were worth $446,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in XRX. NN Investment Partners Holdings N.V. increased its stake in Xerox Corporation by 8.6% during the second quarter. NN Investment Partners Holdings N.V. now owns 33,853 shares of the information technology services provider’s stock worth $973,000 after acquiring an additional 2,694 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Xerox Corporation by 52.5% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 35,055 shares of the information technology services provider’s stock worth $1,007,000 after acquiring an additional 12,074 shares during the last quarter. James Investment Research Inc. acquired a new stake in Xerox Corporation during the second quarter worth about $684,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of Xerox Corporation in the second quarter worth about $933,000. Finally, Breton Hill Capital Ltd. purchased a new stake in shares of Xerox Corporation in the second quarter worth about $1,914,000. Institutional investors own 85.46% of the company’s stock.
In other Xerox Corporation news, EVP Herve Tessler sold 6,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $28.59, for a total transaction of $171,540.00. Following the transaction, the executive vice president now owns 35,878 shares of the company’s stock, valued at approximately $1,025,752.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.29% of the company’s stock.
Xerox Corporation (NYSE XRX) opened at $28.17 on Tuesday. The company has a market capitalization of $7,426.28, a PE ratio of 8.68 and a beta of 1.14. Xerox Corporation has a 1-year low of $25.84 and a 1-year high of $39.08. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.97.
Xerox Corporation (NYSE:XRX) last released its earnings results on Thursday, October 26th. The information technology services provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. Xerox Corporation had a return on equity of 17.23% and a net margin of 5.29%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the business posted $0.84 EPS. Xerox Corporation’s quarterly revenue was down 5.0% compared to the same quarter last year. equities analysts forecast that Xerox Corporation will post 3.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Thursday, December 28th. Xerox Corporation’s dividend payout ratio is presently 48.31%.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Xerox Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. UBS AG decreased their target price on Xerox Corporation from $36.00 to $34.50 and set a “neutral” rating for the company in a research report on Friday, October 27th. Barclays PLC reaffirmed an “equal weight” rating and issued a $35.00 target price (up previously from $33.00) on shares of Xerox Corporation in a research report on Tuesday, September 12th. ValuEngine raised Xerox Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub raised Xerox Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Xerox Corporation presently has a consensus rating of “Buy” and an average price target of $35.50.
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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.
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