Xerox Corp (XRX) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its stake in Xerox Corp (NYSE:XRX) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,612 shares of the information technology services provider’s stock after selling 3,497 shares during the quarter. Two Sigma Investments LP owned approximately 0.06% of Xerox worth $4,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Xerox by 0.7% in the fourth quarter. BlackRock Inc. now owns 15,067,064 shares of the information technology services provider’s stock valued at $439,206,000 after acquiring an additional 98,850 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Xerox by 7.7% in the third quarter. Dimensional Fund Advisors LP now owns 5,065,082 shares of the information technology services provider’s stock valued at $168,633,000 after acquiring an additional 361,956 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Xerox by 37.5% in the third quarter. Ameriprise Financial Inc. now owns 4,392,867 shares of the information technology services provider’s stock valued at $146,243,000 after acquiring an additional 1,197,634 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Xerox by 13.8% in the fourth quarter. Guggenheim Capital LLC now owns 2,654,855 shares of the information technology services provider’s stock valued at $77,390,000 after acquiring an additional 320,976 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in Xerox by 12.8% in the fourth quarter. Alps Advisors Inc. now owns 1,621,941 shares of the information technology services provider’s stock valued at $47,280,000 after acquiring an additional 184,505 shares during the last quarter. Hedge funds and other institutional investors own 85.74% of the company’s stock.

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In other Xerox news, insider Carl C. Icahn sold 140,011 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $32.50, for a total value of $4,550,357.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Carl C. Icahn sold 1,161,404 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $34.49, for a total transaction of $40,056,823.96. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Shares of Xerox stock opened at $28.80 on Friday. The company has a market cap of $7,589.27, a P/E ratio of 45.72 and a beta of 1.20. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.91. Xerox Corp has a 52 week low of $26.64 and a 52 week high of $37.42.

Xerox (NYSE:XRX) last announced its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $1.04 EPS 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 analysts’ expectations of $2.63 billion. Xerox had a net margin of 1.67% and a return on equity of 17.13%. Xerox’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. research analysts predict that Xerox Corp will post 3.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 30th will be paid a dividend of $0.25 per share. 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 payout ratio is currently 158.73%.

A number of research analysts have weighed in on the stock. Standpoint Research reiterated a “hold” rating on shares of Xerox in a research note on Wednesday, January 31st. Loop Capital reiterated a “buy” rating on shares of Xerox in a research note on Thursday, February 1st. UBS upgraded shares of Xerox from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research cut shares of Xerox from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Xerox from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $35.72.

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

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