News stories about Xerox (NYSE:XRX) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Xerox earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave press coverage about the information technology services provider an impact score of 45.6937018209211 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Several brokerages have recently weighed in on XRX. UBS Group decreased their price objective on Xerox from $36.00 to $34.50 and set a “neutral” rating for the company in a report on Friday, October 27th. Zacks Investment Research cut Xerox from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, Barclays restated an “equal weight” rating and issued a $35.00 price objective (up previously from $33.00) on shares of Xerox in a report on Tuesday, September 12th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Xerox currently has a consensus rating of “Buy” and an average target price of $34.69.

Xerox (NYSE:XRX) traded up $0.22 during trading on Friday, reaching $29.91. The company had a trading volume of 1,527,100 shares, compared to its average volume of 1,948,050. Xerox has a fifty-two week low of $26.48 and a fifty-two week high of $34.13. 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 company has a market capitalization of $7,610.00, a PE ratio of 14.11 and a beta of 1.13.

Xerox (NYSE:XRX) last posted its quarterly 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 had a return on equity of 17.23% and a net margin of 5.29%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the company posted $0.84 earnings per share. Xerox’s quarterly revenue was down 5.0% on a year-over-year basis. sell-side analysts anticipate that Xerox will post 3.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors 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 3.34%. The ex-dividend date of this dividend is Thursday, December 28th. Xerox’s payout ratio is currently 47.17%.

In related news, EVP Herve Tessler sold 6,000 shares of Xerox stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $28.59, for a total transaction of $171,540.00. Following the completion of the transaction, the executive vice president now owns 35,878 shares in the company, valued at $1,025,752.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.29% of the company’s stock.

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Xerox Company 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.

Insider Buying and Selling by Quarter for Xerox (NYSE:XRX)

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