Xerox Corporation (XRX) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in Xerox Corporation (NYSE:XRX) by 5.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,357,466 shares of the information technology services provider’s stock after selling 83,760 shares during the period. Legal & General Group Plc owned approximately 0.53% of Xerox worth $45,197,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Seven Eight Capital LP bought a new stake in Xerox in the 2nd quarter valued at $154,000. Penserra Capital Management LLC bought a new stake in Xerox in the 2nd quarter valued at $164,000. Risk Paradigm Group LLC bought a new stake in Xerox in the 2nd quarter valued at $176,000. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in Xerox in the 2nd quarter valued at $231,000. Finally, Keybank National Association OH bought a new stake in Xerox in the 3rd quarter valued at $233,000. 84.03% of the stock is owned by institutional investors.

Several equities research analysts recently commented on the stock. UBS reaffirmed a “hold” rating and issued a $34.50 price objective on shares of Xerox in a research report on Tuesday. Zacks Investment Research raised shares of Xerox from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Barclays reaffirmed an “equal weight” rating and issued a $35.00 price objective (up from $33.00) on shares of Xerox in a research report on Tuesday, September 12th. ValuEngine raised shares of Xerox from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of Xerox from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Xerox has a consensus rating of “Buy” and a consensus target price of $35.50.

In other Xerox news, EVP Herve Tessler sold 6,000 shares of the business’s stock in a transaction dated 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 directly owns 35,878 shares of the company’s stock, valued at approximately $1,025,752.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.29% of the company’s stock.

Shares of Xerox Corporation (XRX) traded up $0.20 during trading hours on Thursday, reaching $29.64. 1,404,600 shares of the company’s stock traded hands, compared to its average volume of 2,414,588. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.97. Xerox Corporation has a 52-week low of $25.84 and a 52-week high of $39.08. The company has a market cap of $7,495.02, a PE ratio of 8.76 and a beta of 1.12.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.00 annualized dividend and a yield of 3.37%. Xerox’s dividend payout ratio (DPR) is presently 48.31%.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://www.tickerreport.com/banking-finance/3080275/xerox-corporation-xrx-shares-sold-by-legal-general-group-plc.html.

About Xerox

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.

Want to see what other hedge funds are holding XRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xerox Corporation (NYSE:XRX).

Institutional Ownership by Quarter for Xerox (NYSE:XRX)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.