Sei Investments Co. raised its holdings in Xerox Corporation (NYSE:XRX) by 1,451.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,431 shares of the information technology services provider’s stock after purchasing an additional 72,440 shares during the quarter. Sei Investments Co.’s holdings in Xerox were worth $2,578,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Principal Financial Group Inc. raised its position in Xerox by 6.8% in the third quarter. Principal Financial Group Inc. now owns 2,331,065 shares of the information technology services provider’s stock valued at $77,600,000 after purchasing an additional 148,093 shares during the period. AXA grew its stake in Xerox by 10.9% during the 2nd quarter. AXA now owns 1,438,621 shares of the information technology services provider’s stock worth $41,331,000 after purchasing an additional 141,790 shares in the last quarter. Becker Capital Management Inc. acquired a new position in Xerox during the 3rd quarter worth $39,003,000. Robeco Institutional Asset Management B.V. grew its stake in Xerox by 2.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 870,003 shares of the information technology services provider’s stock worth $28,965,000 after purchasing an additional 23,430 shares in the last quarter. Finally, Swiss National Bank grew its stake in Xerox by 0.9% during the 3rd quarter. Swiss National Bank now owns 794,314 shares of the information technology services provider’s stock worth $26,443,000 after purchasing an additional 7,300 shares in the last quarter. Institutional investors own 84.03% of the company’s stock.

Xerox Corporation (NYSE XRX) traded up $0.06 during trading on Friday, hitting $29.72. The stock had a trading volume of 3,169,271 shares, compared to its average volume of 1,970,536. 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 stock has a market cap of $7,551.02, a P/E ratio of 8.83 and a beta of 1.13. Xerox Corporation has a fifty-two week low of $25.84 and a fifty-two week high of $39.08.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, December 28th. Xerox’s dividend payout ratio is presently 48.31%.

In other Xerox news, EVP Herve Tessler sold 6,000 shares of the business’s 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 in the company, valued at approximately $1,025,752.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by corporate insiders.

Several research analysts recently commented on the company. Zacks Investment Research raised Xerox from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. UBS lowered their target price on Xerox from $36.00 to $34.50 and set a “neutral” rating for the company in a research note on Friday, October 27th. Barclays reissued an “equal weight” rating and set a $35.00 target price (up from $33.00) on shares of Xerox in a research note on Tuesday, September 12th. ValuEngine raised Xerox from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub raised Xerox from a “hold” rating to a “buy” rating in a research note 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 has an average rating of “Buy” and a consensus target price of $35.50.

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Xerox 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.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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