QS Investors LLC lessened its stake in Xerox Corp (NYSE:XRX) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,385 shares of the information technology services provider’s stock after selling 4,551 shares during the quarter. QS Investors LLC’s holdings in Xerox were worth $1,935,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of XRX. Nationwide Fund Advisors lifted its holdings in shares of Xerox by 1.4% in the 3rd quarter. Nationwide Fund Advisors now owns 113,587 shares of the information technology services provider’s stock valued at $3,781,000 after buying an additional 1,597 shares during the period. American Century Companies Inc. lifted its holdings in shares of Xerox by 1.3% in the 3rd quarter. American Century Companies Inc. now owns 169,794 shares of the information technology services provider’s stock valued at $5,652,000 after buying an additional 2,237 shares during the period. Sei Investments Co. lifted its holdings in shares of Xerox by 1,451.4% in the 3rd quarter. Sei Investments Co. now owns 77,431 shares of the information technology services provider’s stock valued at $2,578,000 after buying an additional 72,440 shares during the period. New York State Common Retirement Fund increased its stake in shares of Xerox by 6.1% in the 3rd quarter. New York State Common Retirement Fund now owns 543,100 shares of the information technology services provider’s stock valued at $18,080,000 after purchasing an additional 31,100 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Xerox by 12.1% in the 3rd quarter. Toronto Dominion Bank now owns 81,099 shares of the information technology services provider’s stock valued at $2,699,000 after purchasing an additional 8,750 shares in the last quarter. 85.74% of the stock is owned by institutional investors and hedge funds.
NYSE:XRX traded down $0.02 during trading hours on Thursday, hitting $28.23. 1,642,850 shares of the stock were exchanged, compared to its average volume of 2,618,684. Xerox Corp has a 52-week low of $26.64 and a 52-week high of $37.42. The company has a current ratio of 1.91, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. The firm has a market cap of $7,212.35, a P/E ratio of 8.11 and a beta of 1.19.
Xerox (NYSE:XRX) last posted its quarterly earnings data on Wednesday, January 31st. The information technology services provider reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.08. Xerox had a return on equity of 17.13% and a net margin of 1.67%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the business earned $1.00 EPS. Xerox’s quarterly revenue was up .5% on a year-over-year basis. research analysts forecast that Xerox Corp will post 3.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.00 annualized dividend and a yield of 3.54%. Xerox’s dividend payout ratio (DPR) is currently 28.74%.
Several equities analysts recently weighed in on XRX shares. Zacks Investment Research lowered Xerox from a “buy” rating to a “hold” rating in a research note on Saturday, April 7th. UBS upgraded Xerox from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Standpoint Research restated a “hold” rating on shares of Xerox in a research note on Wednesday, January 31st. ValuEngine lowered Xerox from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Loop Capital restated a “buy” rating on shares of Xerox in a research note on Thursday, February 1st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Xerox presently has an average rating of “Buy” and an average target price of $35.72.
In other news, insider Carl C. Icahn sold 140,011 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $32.50, for a total value of $4,550,357.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carl C. Icahn sold 1,161,404 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $34.49, for a total value of $40,056,823.96. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Macon Daily and is owned by of Macon Daily. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://macondaily.com/2018/04/12/xerox-corp-xrx-shares-sold-by-qs-investors-llc-updated-updated-updated.html.
Xerox Company Profile
Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers managed document services, including managed print services and multi-channel communication services, as well as a range of digital solutions, such as workflow automation services, content management, and digitization services.
Receive News & Ratings for Xerox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xerox and related companies with MarketBeat.com's FREE daily email newsletter.