Xerox Corp (NYSE:XRX) CEO Ursula M. Burns unloaded 300,000 shares of Xerox Corp stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $12.00, for a total transaction of $3,600,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,002,886 shares of the company’s stock, valued at approximately $12,034,632. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on XRX. 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 issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.33.
Shares of Xerox Corp (NYSE:XRX) traded up 0.50% during mid-day trading on Thursday, hitting $12.15. 3,614,460 shares of the company’s stock traded hands. Xerox Corp has a 52 week low of $8.30 and a 52 week high of $12.65. The stock’s 50-day moving average is $11. and its 200-day moving average is $11.14. The company has a market cap of $14.183 billion and a price-to-earnings ratio of 13.30. Xerox Corp also was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 15,882,515 shares, a growth of 22.9% from the March 31st total of 12,918,395 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average trading volume of 10,134,748 shares, the days-to-cover ratio is presently 1.6 days.
Xerox Corp (NYSE:XRX) last announced its 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. Analysts expect that Xerox Corp will post $1.10 EPS for the current fiscal year.
Xerox Corporation provides services and technology to enable its customers from small businesses to large global enterprises to focus on their core business.
Receive News & Ratings for Xerox Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xerox Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.