Livforsakringsbolaget Skandia Omsesidigt Reduces Stake in Xerox Corp (XRX)

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in Xerox Corp (NYSE:XRX) by 23.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 17,235 shares of the information technology services provider’s stock after selling 5,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Xerox were worth $465,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BLB&B Advisors LLC lifted its stake in shares of Xerox by 9.7% in the 2nd quarter. BLB&B Advisors LLC now owns 22,637 shares of the information technology services provider’s stock valued at $543,000 after acquiring an additional 2,000 shares during the last quarter. Neuburgh Advisers LLC lifted its stake in shares of Xerox by 14.0% in the 2nd quarter. Neuburgh Advisers LLC now owns 16,302 shares of the information technology services provider’s stock valued at $391,000 after acquiring an additional 2,002 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in shares of Xerox by 0.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 265,236 shares of the information technology services provider’s stock valued at $6,366,000 after acquiring an additional 2,004 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Xerox by 20.5% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 12,055 shares of the information technology services provider’s stock valued at $289,000 after acquiring an additional 2,051 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Xerox by 20.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,850 shares of the information technology services provider’s stock valued at $308,000 after acquiring an additional 2,174 shares during the last quarter. Institutional investors own 83.20% of the company’s stock.

NYSE XRX opened at $28.21 on Wednesday. The firm has a market capitalization of $6.99 billion, a P/E ratio of 8.11 and a beta of 1.27. Xerox Corp has a twelve month low of $23.52 and a twelve month high of $37.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.82 and a quick ratio of 1.47.



Xerox (NYSE:XRX) last posted its quarterly earnings data on Tuesday, October 23rd. The information technology services provider reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.07. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.42 billion. Xerox had a return on equity of 16.50% and a net margin of 0.34%. Xerox’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. On average, sell-side analysts anticipate that Xerox Corp will post 3.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Monday, December 31st will be issued a $0.25 dividend. The ex-dividend date is Friday, December 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.54%. Xerox’s payout ratio is 28.74%.

In other Xerox news, insider Herve Tessler sold 16,567 shares of the stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $26.03, for a total transaction of $431,239.01. Following the completion of the sale, the insider now directly owns 34,647 shares in the company, valued at approximately $901,861.41. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

XRX has been the subject of a number of recent research reports. Citigroup initiated coverage on Xerox in a report on Friday, July 20th. They issued a “buy” rating and a $39.00 price objective for the company. Zacks Investment Research upgraded Xerox from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. JPMorgan Chase & Co. decreased their price objective on Xerox from $38.00 to $35.00 and set a “hold” rating for the company in a report on Friday, July 27th. ValuEngine upgraded Xerox from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, Standpoint Research upgraded Xerox from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Xerox presently has a consensus rating of “Buy” and a consensus target price of $35.10.

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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