Xerox Corp (XRX) Shares Bought by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in shares of Xerox Corp (NYSE:XRX) by 77.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 86,400 shares of the information technology services provider’s stock after purchasing an additional 37,700 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Xerox were worth $2,519,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of XRX. TIAA CREF Investment Management LLC boosted its holdings in shares of 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 raised its position in shares of Xerox by 4,628.4% during the fourth quarter. Eaton Vance Management now owns 823,450 shares of the information technology services provider’s stock worth $24,004,000 after purchasing an additional 806,035 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Xerox by 7.7% during the third quarter. Dimensional Fund Advisors LP now owns 5,065,082 shares of the information technology services provider’s stock worth $168,633,000 after purchasing an additional 361,956 shares during the period. Guggenheim Capital LLC raised its position in shares of Xerox by 13.8% during the fourth quarter. Guggenheim Capital LLC now owns 2,654,855 shares of the information technology services provider’s stock worth $77,390,000 after purchasing an additional 320,976 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Xerox by 44.6% during the third quarter. Schroder Investment Management Group now owns 953,525 shares of the information technology services provider’s stock worth $32,286,000 after purchasing an additional 294,211 shares during the period. Hedge funds and other institutional investors own 85.74% of the company’s stock.

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A number of equities analysts have recently weighed in on XRX shares. UBS reaffirmed a “hold” rating and set a $34.50 target price on shares of Xerox in a research report on Tuesday, December 5th. Zacks Investment Research lowered Xerox from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Standpoint Research reaffirmed a “hold” rating on shares of Xerox in a research report on Wednesday, January 31st. Loop Capital reaffirmed a “buy” rating on shares of Xerox in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lowered their target price on Xerox from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Xerox has an average rating of “Buy” and a consensus target price of $35.72.

In related news, insider Carl C. Icahn sold 140,011 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $32.50, for a total value of $4,550,357.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Carl C. Icahn sold 1,161,404 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $34.49, for a total value 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 Corp (XRX) opened at $28.80 on Monday. The company has a market capitalization of $7,334.61, 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. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.91 and a quick ratio of 1.57.

Xerox (NYSE:XRX) last released its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.63 billion. Xerox had a return on equity of 17.13% and a net margin of 1.67%. Xerox’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. equities analysts anticipate that Xerox Corp will post 3.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Wednesday, March 28th. Xerox’s payout ratio is currently 158.73%.

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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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