Xerox Corp. (NYSE:XRX) announced a quarterly dividend on Wednesday, July 20th. Shareholders of record on Friday, September 30th will be given a dividend of 0.0775 per share on Monday, October 31st. This represents a $0.31 annualized dividend and a yield of 3.11%. The ex-dividend date is Wednesday, September 28th.
Shares of Xerox Corp. (NYSE:XRX) opened at 9.98 on Tuesday. The firm’s 50-day moving average price is $9.81 and its 200 day moving average price is $9.97. Xerox Corp. has a 1-year low of $8.48 and a 1-year high of $11.39. The stock has a market capitalization of $10.11 billion, a P/E ratio of 26.06 and a beta of 1.36.
Xerox Corp. (NYSE:XRX) last announced its earnings results on Friday, July 29th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period in the previous year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was down 69.8% compared to the same quarter last year. Analysts expect that Xerox Corp. will post $1.13 EPS for the current fiscal year.
A number of analysts have recently issued reports on XRX shares. SunTrust Banks Inc. started coverage on Xerox Corp. in a research report on Tuesday, September 13th. They set a “buy” rating and a $13.00 target price on the stock. Vetr downgraded Xerox Corp. from a “strong-buy” rating to a “hold” rating and set a $9.96 price target for the company. in a research note on Tuesday, September 13th. Brean Capital reiterated a “hold” rating on shares of Xerox Corp. in a research note on Monday, August 1st. BMO Capital Markets lifted their price target on Xerox Corp. from $10.00 to $10.50 and gave the stock a “market perform” rating in a research note on Monday, August 1st. Finally, Piper Jaffray Cos. reiterated an “overweight” rating on shares of Xerox Corp. in a research note on Saturday, July 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Xerox Corp. currently has an average rating of “Hold” and a consensus price target of $11.05.
In other news, EVP James A. Firestone sold 50,000 shares of Xerox Corp. stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $9.36, for a total transaction of $468,000.00. Following the sale, the executive vice president now owns 53,476 shares of the company’s stock, valued at $500,535.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Ursula M. Burns sold 3,317 shares of Xerox Corp. stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $9.85, for a total value of $32,672.45. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec boosted its stake in Xerox Corp. by 5.7% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,455,172 shares of the company’s stock worth $13,810,000 after buying an additional 78,600 shares during the period. Arizona State Retirement System boosted its stake in Xerox Corp. by 25.0% in the second quarter. Arizona State Retirement System now owns 322,728 shares of the company’s stock worth $3,063,000 after buying an additional 64,600 shares during the period. AHL Partners LLP boosted its stake in Xerox Corp. by 286.8% in the second quarter. AHL Partners LLP now owns 293,327 shares of the company’s stock worth $2,784,000 after buying an additional 217,495 shares during the period. Highbridge Capital Management LLC acquired a new stake in Xerox Corp. during the second quarter worth $1,194,000. Finally, Jane Street Group LLC boosted its stake in Xerox Corp. by 33.1% in the second quarter. Jane Street Group LLC now owns 93,600 shares of the company’s stock worth $888,000 after buying an additional 23,253 shares during the period. 83.90% of the stock is currently owned by institutional investors.
Xerox Corp. Company Profile
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).
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 MarketBeat.com's FREE daily email newsletter.