Xerox Corporation (XRX) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in shares of Xerox Corporation (NYSE:XRX) by 96.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,991 shares of the information technology services provider’s stock after selling 132,963 shares during the period. Sei Investments Co.’s holdings in Xerox Corporation were worth $144,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Cleararc Capital Inc. increased its holdings in shares of Xerox Corporation by 1.0% during the first quarter. Cleararc Capital Inc. now owns 20,881 shares of the information technology services provider’s stock worth $153,000 after buying an additional 207 shares in the last quarter. Teza Capital Management LLC increased its holdings in shares of Xerox Corporation by 2.3% during the first quarter. Teza Capital Management LLC now owns 23,866 shares of the information technology services provider’s stock worth $175,000 after buying an additional 533 shares in the last quarter. Advantus Capital Management Inc increased its holdings in shares of Xerox Corporation by 1.0% during the first quarter. Advantus Capital Management Inc now owns 85,826 shares of the information technology services provider’s stock worth $630,000 after buying an additional 880 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Xerox Corporation by 0.4% during the first quarter. Arizona State Retirement System now owns 283,128 shares of the information technology services provider’s stock worth $2,078,000 after buying an additional 1,100 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in shares of Xerox Corporation by 0.9% during the first quarter. Mutual of America Capital Management LLC now owns 142,437 shares of the information technology services provider’s stock worth $1,045,000 after buying an additional 1,203 shares in the last quarter. Institutional investors own 83.93% of the company’s stock.

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Shares of Xerox Corporation (XRX) opened at 32.80 on Wednesday. Xerox Corporation has a 52 week low of $22.90 and a 52 week high of $32.99. The company’s market cap is $8.34 billion. The company has a 50 day moving average of $31.86 and a 200 day moving average of $29.44.

Xerox Corporation (NYSE:XRX) last issued its earnings results on Tuesday, August 1st. The information technology services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Xerox Corporation had a net margin of 4.55% and a return on equity of 15.28%. The firm’s revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. On average, analysts expect that Xerox Corporation will post $3.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Xerox Corporation’s previous quarterly dividend of $0.06. Xerox Corporation’s dividend payout ratio (DPR) is presently 12.08%.

Several research analysts have recently issued reports on XRX shares. ValuEngine upgraded shares of Xerox Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Morgan Stanley reiterated an “overweight” rating and set a $32.00 price target on shares of Xerox Corporation in a report on Saturday, June 3rd. Loop Capital reiterated a “buy” rating and set a $38.00 price target (up from $36.00) on shares of Xerox Corporation in a report on Wednesday, August 2nd. Credit Suisse Group upped their price target on shares of Xerox Corporation from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Xerox Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $37.45.

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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Institutional Ownership by Quarter for Xerox Corporation (NYSE:XRX)

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