Toronto Dominion Bank boosted its holdings in shares of Xerox Corporation (NYSE:XRX) by 12.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,099 shares of the information technology services provider’s stock after acquiring an additional 8,750 shares during the period. Toronto Dominion Bank’s holdings in Xerox Corporation were worth $2,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. New York State Common Retirement Fund grew its holdings in Xerox Corporation by 6.1% during the 3rd quarter. New York State Common Retirement Fund now owns 543,100 shares of the information technology services provider’s stock worth $18,080,000 after acquiring an additional 31,100 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Xerox Corporation by 32.8% during the third quarter. Retirement Systems of Alabama now owns 293,634 shares of the information technology services provider’s stock valued at $9,775,000 after buying an additional 72,454 shares during the last quarter. Sei Investments Co. lifted its position in shares of Xerox Corporation by 1,451.4% during the third quarter. Sei Investments Co. now owns 77,431 shares of the information technology services provider’s stock valued at $2,578,000 after buying an additional 72,440 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Xerox Corporation by 169.9% during the third quarter. BNP Paribas Arbitrage SA now owns 589,252 shares of the information technology services provider’s stock valued at $19,616,000 after buying an additional 370,946 shares during the last quarter. Finally, Breton Hill Capital Ltd. lifted its position in shares of Xerox Corporation by 29.4% during the third quarter. Breton Hill Capital Ltd. now owns 86,181 shares of the information technology services provider’s stock valued at $2,869,000 after buying an additional 19,566 shares during the last quarter. Institutional investors own 86.19% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Toronto Dominion Bank Acquires 8,750 Shares of Xerox Corporation (XRX)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/11/22/toronto-dominion-bank-acquires-8750-shares-of-xerox-corporation-xrx.html.

XRX has been the subject of several analyst reports. Zacks Investment Research lowered shares of Xerox Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. UBS AG decreased their price target on shares of Xerox Corporation from $36.00 to $34.50 and set a “neutral” rating for the company in a research report on Friday, October 27th. ValuEngine raised shares of Xerox Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Citigroup Inc. set a $39.00 price target on shares of Xerox Corporation and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Barclays PLC reissued an “equal weight” rating and set a $35.00 price target (up from $33.00) on shares of Xerox Corporation in a research report on Tuesday, September 12th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $35.50.

Xerox Corporation (NYSE XRX) opened at $28.43 on Wednesday. Xerox Corporation has a fifty-two week low of $25.84 and a fifty-two week high of $39.08. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 1.33. The firm has a market cap of $7,255.70, a P/E ratio of 8.48 and a beta of 1.14.

Xerox Corporation (NYSE:XRX) last issued its quarterly earnings results on Thursday, October 26th. The information technology services provider reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. Xerox Corporation had a net margin of 5.29% and a return on equity of 17.23%. Xerox Corporation’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. analysts expect that Xerox Corporation will post 3.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.52%. Xerox Corporation’s payout ratio is 48.31%.

In other news, EVP Herve Tessler sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $28.59, for a total transaction of $171,540.00. Following the sale, the executive vice president now owns 35,878 shares of the company’s stock, valued at approximately $1,025,752.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.29% of the stock is owned by company insiders.

Xerox Corporation Profile

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.

Institutional Ownership by Quarter 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.