Ossiam acquired a new stake in Xerox Corp (NYSE:XRX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,030 shares of the information technology services provider’s stock, valued at approximately $143,000.
Several other hedge funds have also made changes to their positions in the company. Advisor Partners LLC raised its stake in shares of Xerox by 5.0% in the 2nd quarter. Advisor Partners LLC now owns 7,367 shares of the information technology services provider’s stock valued at $261,000 after buying an additional 350 shares in the last quarter. CWM LLC grew its holdings in shares of Xerox by 57.9% in the 2nd quarter. CWM LLC now owns 982 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 360 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Xerox by 3.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,684 shares of the information technology services provider’s stock worth $374,000 after purchasing an additional 375 shares during the last quarter. Empirical Finance LLC grew its holdings in shares of Xerox by 1.1% in the 2nd quarter. Empirical Finance LLC now owns 47,186 shares of the information technology services provider’s stock worth $1,671,000 after purchasing an additional 515 shares during the last quarter. Finally, Strs Ohio grew its holdings in shares of Xerox by 4.9% in the 2nd quarter. Strs Ohio now owns 15,020 shares of the information technology services provider’s stock worth $531,000 after purchasing an additional 705 shares during the last quarter. Institutional investors own 85.31% of the company’s stock.
In other Xerox news, EVP Herve Tessler sold 32,200 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $31.22, for a total transaction of $1,005,284.00. Following the sale, the executive vice president now owns 11,804 shares of the company’s stock, valued at approximately $368,520.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.
Xerox (NYSE:XRX) last posted its earnings results on Tuesday, July 30th. The information technology services provider reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Xerox had a net margin of 5.76% and a return on equity of 18.78%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities analysts predict that Xerox Corp will post 3.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Friday, September 27th. Xerox’s dividend payout ratio is currently 28.90%.
Several equities research analysts have recently weighed in on XRX shares. ValuEngine lowered shares of Xerox from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Xerox from a “hold” rating to a “sell” rating and set a $32.00 target price on the stock. in a report on Monday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.00.
Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers intelligent workplace services, including managed print services; digitization services; and digital solutions, such as workflow automation, personalization and communication software, and content management.
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