Xerox (NYSE:XRX – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.
Separately, JPMorgan Chase & Co. lifted their target price on Xerox from $16.00 to $18.00 and gave the company an “underweight” rating in a research note on Friday, January 26th.
Read Our Latest Research Report on XRX
Xerox Stock Down 0.1 %
Xerox (NYSE:XRX – Get Free Report) last announced its earnings results on Thursday, January 25th. The information technology services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.09). The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.79 billion. Xerox had a net margin of 0.01% and a return on equity of 9.41%. The firm’s revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. As a group, research analysts forecast that Xerox will post 2.27 EPS for the current year.
Institutional Trading of Xerox
Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Xerox in the 4th quarter worth $25,000. FNY Investment Advisers LLC acquired a new position in shares of Xerox in the 4th quarter worth $25,000. Hexagon Capital Partners LLC grew its holdings in shares of Xerox by 87.2% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,627 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 758 shares during the last quarter. Quarry LP acquired a new position in shares of Xerox in the 1st quarter worth $29,000. Finally, Clear Street Markets LLC grew its holdings in shares of Xerox by 42.9% in the 4th quarter. Clear Street Markets LLC now owns 3,000 shares of the information technology services provider’s stock worth $55,000 after acquiring an additional 900 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.
About Xerox
Xerox Holdings Corporation, together with its subsidiaries, operates as a workplace technology company that integrates hardware, services, and software for enterprises in the Americas, Europe, the Middle East, Africa, India, and internationally. The company operates through two segments, Print and Other; and FITTLE.
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