Xerox Corp (NYSE:XRX) insider Michael David Feldman sold 3,729 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $29.00, for a total transaction of $108,141.00. Following the transaction, the insider now directly owns 2,869 shares of the company’s stock, valued at approximately $83,201. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of XRX opened at $28.43 on Friday. The stock has a market cap of $6.91 billion, a PE ratio of 8.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.82 and a quick ratio of 1.47. Xerox Corp has a 52 week low of $23.52 and a 52 week high of $37.42.

Xerox (NYSE:XRX) last announced its quarterly earnings data on Tuesday, October 23rd. The information technology services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.42 billion. Xerox had a net margin of 0.34% and a return on equity of 16.50%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. Equities analysts predict that Xerox Corp will post 3.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, December 28th. Xerox’s dividend payout ratio is currently 28.74%.

XRX has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Xerox from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. JPMorgan Chase & Co. cut their price objective on shares of Xerox from $38.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, July 27th. ValuEngine raised shares of Xerox from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. Finally, Citigroup began coverage on shares of Xerox in a research report on Friday, July 20th. They set a “buy” rating and a $39.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $35.10.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BLB&B Advisors LLC raised its position in shares of Xerox by 9.7% during the second quarter. BLB&B Advisors LLC now owns 22,637 shares of the information technology services provider’s stock valued at $543,000 after buying an additional 2,000 shares during the last quarter. Neuburgh Advisers LLC increased its stake in Xerox by 14.0% in the second quarter. Neuburgh Advisers LLC now owns 16,302 shares of the information technology services provider’s stock valued at $391,000 after acquiring an additional 2,002 shares during the period. State of Wisconsin Investment Board increased its stake in Xerox by 0.8% in the second quarter. State of Wisconsin Investment Board now owns 265,236 shares of the information technology services provider’s stock valued at $6,366,000 after acquiring an additional 2,004 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Xerox by 20.5% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 12,055 shares of the information technology services provider’s stock valued at $289,000 after acquiring an additional 2,051 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Xerox by 20.4% in the second quarter. Janney Montgomery Scott LLC now owns 12,850 shares of the information technology services provider’s stock valued at $308,000 after acquiring an additional 2,174 shares during the period. 83.07% of the stock is owned by institutional investors and hedge funds.

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Xerox Company Profile

Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers managed document services, including managed print services and multi-channel communication services, as well as a range of digital solutions, such as workflow automation services, content management, and digitization services.

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