Glenmede Trust Co. NA boosted its position in shares of Xerox Corp (NYSE:XRX) by 5.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 101,457 shares of the information technology services provider’s stock after buying an additional 5,059 shares during the quarter. Glenmede Trust Co. NA’s holdings in Xerox were worth $2,956,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of XRX. Ameriprise Financial Inc. lifted its holdings in Xerox by 37.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,392,867 shares of the information technology services provider’s stock worth $146,243,000 after buying an additional 1,197,634 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Xerox by 31.4% during the 4th quarter. TIAA CREF Investment Management LLC now owns 3,979,223 shares of the information technology services provider’s stock worth $115,994,000 after buying an additional 951,355 shares in the last quarter. Eaton Vance Management lifted its holdings in Xerox by 4,628.4% during the 4th quarter. Eaton Vance Management now owns 823,450 shares of the information technology services provider’s stock worth $24,004,000 after buying an additional 806,035 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Xerox by 7.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,065,082 shares of the information technology services provider’s stock worth $168,633,000 after buying an additional 361,956 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in Xerox by 13.8% during the 4th quarter. Guggenheim Capital LLC now owns 2,654,855 shares of the information technology services provider’s stock worth $77,390,000 after buying an additional 320,976 shares in the last quarter. 85.74% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on XRX shares. UBS reaffirmed a “hold” rating and set a $34.50 price objective on shares of Xerox in a report on Tuesday, December 5th. Standpoint Research reaffirmed a “hold” rating on shares of Xerox in a report on Wednesday, January 31st. Loop Capital reaffirmed a “buy” rating on shares of Xerox in a report on Thursday, February 1st. Zacks Investment Research downgraded Xerox from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on Xerox from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, February 13th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Xerox currently has an average rating of “Buy” and an average price target of $35.72.
Xerox stock opened at $28.80 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.91 and a quick ratio of 1.57. The firm has a market capitalization of $7,589.27, a price-to-earnings ratio of 45.72 and a beta of 1.20. Xerox Corp has a 12 month low of $26.64 and a 12 month high of $37.42.
Xerox (NYSE:XRX) last posted its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.08. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.63 billion. Xerox had a return on equity of 17.13% and a net margin of 1.67%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 EPS. sell-side analysts forecast that Xerox Corp will post 3.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Wednesday, March 28th. Xerox’s dividend payout ratio (DPR) is currently 158.73%.
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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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