45,447 Shares in Xerox Corp. (XRX) Acquired by GSA Capital Partners LLP
GSA Capital Partners LLP acquired a new position in Xerox Corp. (NYSE:XRX) during the second quarter, Holdings Channel reports. The fund acquired 45,447 shares of the company’s stock, valued at approximately $431,000.
Other large investors also recently modified their holdings of the company. CIBC World Markets Inc. bought a new stake in shares of Xerox Corp. during the second quarter worth $101,000. Raymond James Trust N.A. raised its position in shares of 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 in the last quarter. Shelton Capital Management raised its position in shares of Xerox Corp. by 19.4% in the second quarter. Shelton Capital Management now owns 12,310 shares of the company’s stock valued at $117,000 after buying an additional 2,000 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of 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 in the last quarter. Finally, Savant Capital LLC raised its position in shares of Xerox Corp. by 3.7% in the second quarter. Savant Capital LLC now owns 12,782 shares of the company’s stock valued at $121,000 after buying an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 84.66% of the company’s stock.
Xerox Corp. (NYSE:XRX) traded down 0.41% during mid-day trading on Tuesday, reaching $9.81. The company had a trading volume of 4,681,879 shares. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 25.61 and a beta of 1.36. The firm’s 50 day moving average price is $9.82 and its 200-day moving average price is $9.99. Xerox Corp. has a 12 month low of $8.48 and a 12 month high of $11.39.
Xerox Corp. (NYSE:XRX) last announced its quarterly 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. The company earned $4.40 billion during the quarter, compared to the consensus estimate of $4.39 billion. Xerox Corp. had a return on equity of 12.36% and a net margin of 2.49%. Xerox Corp.’s revenue for the quarter was down 69.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 EPS. Equities research analysts anticipate that Xerox Corp. will post $1.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be issued a dividend of $0.0775 per share. This represents a $0.31 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, September 28th. Xerox Corp.’s dividend payout ratio (DPR) is 75.61%.
Several brokerages recently issued reports on XRX. Vetr lowered Xerox Corp. from a “strong-buy” rating to a “hold” rating and set a $9.96 target price on the stock. in a research report on Tuesday, September 13th. BMO Capital Markets upped their target price 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. Brean Capital reaffirmed a “hold” rating on shares of Xerox Corp. in a research report on Monday, June 6th. Barclays PLC reaffirmed an “underweight” rating and set a $11.00 target price (up from $10.00) on shares of Xerox Corp. in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research lowered Xerox Corp. from a “hold” rating to a “sell” rating in a research report on Monday, June 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.05.
In other Xerox Corp. news, Chairman Ursula M. Burns sold 3,317 shares of Xerox Corp. stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Herve Tessler sold 13,000 shares of Xerox Corp. stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $9.89, for a total value of $128,570.00. Following the sale, the insider now directly owns 110,319 shares of the company’s stock, valued at $1,091,054.91. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.
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).
Want to see what other hedge funds are holding XRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xerox Corp. (NYSE:XRX).
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.