Insider Selling: Xerox Corp EVP Unloads 29,317 Shares of Stock (XRX)
Xerox Corp (NYSE:XRX) EVP Lima Armando Zagalo De sold 29,317 shares of Xerox Corp stock on the open market in a transaction dated Thursday, May 8th. The shares were sold at an average price of $12.00, for a total transaction of $351,804.00. Following the sale, the executive vice president now directly owns 226,118 shares in the company, valued at approximately $2,713,416. The transaction was disclosed in a filing with the SEC, which is available at this link.
Xerox Corp (NYSE:XRX) opened at 11.84 on Monday. Xerox Corp has a 52 week low of $8.63 and a 52 week high of $12.65. The stock’s 50-day moving average is $11.55 and its 200-day moving average is $11.20. The company has a market cap of $13.821 billion and a price-to-earnings ratio of 13.10.
Xerox Corp (NYSE:XRX) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts predict that Xerox Corp will post $1.10 earnings per share for the current fiscal year.
XRX has been the subject of a number of recent research reports. Analysts at Susquehanna initiated coverage on shares of Xerox Corp in a research note on Thursday, April 24th. They set a “positive” rating and a $14.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Xerox Corp in a research note on Wednesday, April 23rd. They now have a $12.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Xerox Corp from $9.00 to $11.00 in a research note on Wednesday, April 23rd. They now have an “underweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.33.
Xerox Corporation provides services and technology to enable its customers from small businesses to large global enterprises to focus on their core business.
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