Robeco Institutional Asset Management B.V. raised its stake in shares of Xerox Corp. (NYSE:XRX) by 7.5% during the second quarter, Holdings Channel reports. The firm owned 1,067,322 shares of the company’s stock after buying an additional 74,119 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Xerox Corp. were worth $10,128,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in XRX. CIBC World Markets Inc. acquired a new stake in Xerox Corp. during the second quarter valued at approximately $101,000. Raymond James Trust N.A. boosted its stake in Xerox Corp. by 10.2% in the second quarter. Raymond James Trust N.A. now owns 11,703 shares of the company’s stock valued at $111,000 after buying an additional 1,088 shares during the period. Integrated Investment Consultants LLC boosted its stake in Xerox Corp. by 14.4% in the second quarter. Integrated Investment Consultants LLC now owns 12,703 shares of the company’s stock valued at $120,000 after buying an additional 1,597 shares during the period. Alpha Windward LLC boosted its stake in Xerox Corp. by 37.8% in the second quarter. Alpha Windward LLC now owns 14,020 shares of the company’s stock valued at $133,000 after buying an additional 3,849 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in Xerox Corp. by 722.6% in the first quarter. Loomis Sayles & Co. L P now owns 16,131 shares of the company’s stock valued at $180,000 after buying an additional 14,170 shares during the period. 83.90% of the stock is currently owned by institutional investors.
Xerox Corp. (NYSE:XRX) traded down 1.10% during mid-day trading on Friday, hitting $9.90. The company had a trading volume of 5,154,884 shares. Xerox Corp. has a 12 month low of $8.48 and a 12 month high of $11.39. The company has a 50-day moving average price of $9.87 and a 200 day moving average price of $9.94. The firm has a market capitalization of $10.03 billion, a P/E ratio of 25.85 and a beta of 1.29.
Xerox Corp. (NYSE:XRX) last announced its earnings results on Friday, July 29th. The company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Xerox Corp. had a return on equity of 12.36% and a net margin of 2.49%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue for the quarter was down 69.8% on a year-over-year basis. Equities analysts forecast that Xerox Corp. will post $1.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be paid a dividend of $0.0775 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.31 annualized dividend and a yield of 3.13%. Xerox Corp.’s dividend payout ratio (DPR) is 75.61%.
Several research firms recently commented on XRX. Zacks Investment Research cut Xerox Corp. from a “hold” rating to a “sell” rating in a research report on Monday, June 27th. Brean Capital reaffirmed a “hold” rating on shares of Xerox Corp. in a research report on Monday, August 1st. BMO Capital Markets increased their price objective on Xerox Corp. from $10.00 to $10.50 and gave the company a “market perform” rating in a research report on Monday, August 1st. Vetr downgraded Xerox Corp. from a “strong-buy” rating to a “buy” rating and set a $10.47 target price on the stock. in a report on Tuesday. Finally, SunTrust Banks Inc. started coverage on Xerox Corp. in a report on Tuesday, September 13th. They issued a “buy” rating and a $13.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $11.10.
In related news, Chairman Ursula M. Burns sold 3,317 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $9.85, for a total transaction of $32,672.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Herve Tessler sold 13,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $9.89, for a total value of $128,570.00. Following the transaction, the insider now owns 110,319 shares in the company, valued at $1,091,054.91. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.
About Xerox Corp.
Xerox Corporation is engaged in imaging, business process, analytics, automation and user-centric insights. The Company’s segments include Services, Document Technology and Other. The Company’s Services segment comprises two types of service offerings: Business Process Outsourcing (BPO) and Document Outsourcing (DO).
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