Xerox Corporation (XRX) Stake Lessened by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund trimmed its position in shares of Xerox Corporation (NYSE:XRX) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,291 shares of the information technology services provider’s stock after selling 7,899 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Xerox Corporation were worth $2,706,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of XRX. NN Investment Partners Holdings N.V. increased its stake in shares of Xerox Corporation by 8.6% during the second quarter. NN Investment Partners Holdings N.V. now owns 33,853 shares of the information technology services provider’s stock worth $973,000 after acquiring an additional 2,694 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in shares of Xerox Corporation by 52.5% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 35,055 shares of the information technology services provider’s stock worth $1,007,000 after acquiring an additional 12,074 shares during the period. James Investment Research Inc. acquired a new position in shares of Xerox Corporation during the second quarter worth about $684,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Xerox Corporation during the second quarter worth about $933,000. Finally, Breton Hill Capital Ltd. acquired a new position in shares of Xerox Corporation during the second quarter worth about $1,914,000. Institutional investors and hedge funds own 83.70% of the company’s stock.
XRX has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Xerox Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Loop Capital reiterated a “buy” rating and set a $38.00 price target (up from $36.00) on shares of Xerox Corporation in a research note on Tuesday, August 8th. Citigroup Inc. set a $39.00 price target on shares of Xerox Corporation and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of Xerox Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Barclays PLC reissued an “equal weight” rating and set a $35.00 price objective (up previously from $33.00) on shares of Xerox Corporation in a report on Tuesday, September 12th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $35.50.
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Shares of Xerox Corporation (NYSE XRX) opened at $29.17 on Friday. Xerox Corporation has a fifty-two week low of $25.84 and a fifty-two week high of $39.08. The stock has a market cap of $7,426.27, a PE ratio of 8.68 and a beta of 1.14. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 1.33.
Xerox Corporation (NYSE:XRX) last announced its quarterly earnings results on Thursday, October 26th. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.06. Xerox Corporation had a net margin of 5.29% and a return on equity of 17.23%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. equities research analysts expect that Xerox Corporation will post 3.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Thursday, December 28th. Xerox Corporation’s dividend payout ratio (DPR) is presently 48.31%.
Xerox Corporation Company 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.
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