Mutual of America Capital Management LLC trimmed its holdings in shares of Xerox Corporation (NYSE:XRX) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,406 shares of the information technology services provider’s stock after selling 1,681 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Xerox Corporation were worth $1,145,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. United Asset Strategies Inc. increased its position in Xerox Corporation by 14.2% during the second quarter. United Asset Strategies Inc. now owns 16,611 shares of the information technology services provider’s stock worth $477,000 after buying an additional 2,061 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in shares of Xerox Corporation by 8.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 33,853 shares of the information technology services provider’s stock valued at $973,000 after acquiring an additional 2,694 shares during the last quarter. Amalgamated Bank raised its stake in shares of Xerox Corporation by 6.5% in the first quarter. Amalgamated Bank now owns 68,214 shares of the information technology services provider’s stock valued at $501,000 after acquiring an additional 4,175 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of Xerox Corporation in the second quarter valued at approximately $154,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Xerox Corporation in the second quarter valued at approximately $164,000. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

Xerox Corporation (NYSE XRX) opened at $29.06 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.33 and a current ratio of 1.63. The company has a market cap of $7,505.20, a price-to-earnings ratio of 8.77 and a beta of 1.14.

Xerox Corporation (NYSE:XRX) last posted its earnings results on Thursday, October 26th. The information technology services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.06. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. Xerox Corporation had a net margin of 5.29% and a return on equity of 17.23%. The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share. equities analysts predict that Xerox Corporation will post 3.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a $0.25 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.44%. Xerox Corporation’s payout ratio is 48.31%.

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A number of brokerages recently weighed in on XRX. BidaskClub raised shares of Xerox Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Barclays PLC raised shares of Xerox Corporation from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $27.00 to $33.00 in a report on Monday, July 24th. Citigroup Inc set a $39.00 target price on shares of Xerox Corporation and gave the stock a “buy” rating in a report on Wednesday, August 2nd. ValuEngine raised shares of Xerox Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, UBS Group AG (USA) decreased their price target on shares of Xerox Corporation from $36.00 to $34.50 and set a “neutral” rating for the company in a report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $35.50.

Xerox Corporation Profile

Xerox Corporation is a provider of digital print technology and related solutions. The Company has capabilities in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity. The Company’s primary offerings span three main areas: Managed Document Services, Workplace Solutions and Graphic Communications.

Institutional Ownership by Quarter for Xerox Corporation (NYSE:XRX)

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