7,559 Shares in Xerox Corp (XRX) Acquired by Wellington Shields & Co. LLC

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Wellington Shields & Co. LLC purchased a new position in Xerox Corp (NYSE:XRX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,559 shares of the information technology services provider’s stock, valued at approximately $204,000.

Several other institutional investors have also modified their holdings of the stock. BLB&B Advisors LLC increased its stake in shares of Xerox by 9.7% in the 2nd quarter. BLB&B Advisors LLC now owns 22,637 shares of the information technology services provider’s stock worth $543,000 after acquiring an additional 2,000 shares in the last quarter. Neuburgh Advisers LLC increased its stake in shares of Xerox by 14.0% in the 2nd quarter. Neuburgh Advisers LLC now owns 16,302 shares of the information technology services provider’s stock worth $391,000 after acquiring an additional 2,002 shares in the last quarter. State of Wisconsin Investment Board increased its stake in shares of Xerox by 0.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 265,236 shares of the information technology services provider’s stock worth $6,366,000 after acquiring an additional 2,004 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Xerox by 20.5% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 12,055 shares of the information technology services provider’s stock worth $289,000 after acquiring an additional 2,051 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Xerox by 20.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,850 shares of the information technology services provider’s stock worth $308,000 after acquiring an additional 2,174 shares in the last quarter. Institutional investors own 83.07% of the company’s stock.

NYSE:XRX traded down $0.19 on Friday, reaching $28.95. 13,716 shares of the stock traded hands, compared to its average volume of 3,928,289. The firm has a market cap of $6.91 billion, a P/E ratio of 8.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.47 and a current ratio of 1.82. Xerox Corp has a 12 month low of $23.52 and a 12 month high of $37.42.

Xerox (NYSE:XRX) last released its quarterly earnings data on Tuesday, October 23rd. The information technology services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.42 billion. Xerox had a net margin of 0.34% and a return on equity of 16.50%. Xerox’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. On average, equities research analysts predict that Xerox Corp will post 3.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Monday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.45%. Xerox’s dividend payout ratio is currently 28.74%.

A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Xerox from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research note on Friday, October 26th. JPMorgan Chase & Co. reduced their price objective on shares of Xerox from $38.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, July 27th. ValuEngine upgraded shares of Xerox from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 24th. Finally, Citigroup reduced their price objective on shares of Xerox from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $35.10.

In other Xerox news, insider Michael David Feldman sold 3,729 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $29.00, for a total transaction of $108,141.00. Following the completion of the sale, the insider now directly owns 2,869 shares in the company, valued at approximately $83,201. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is currently owned by company insiders.

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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.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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