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).

5 Day Chart for NYSE:XRX

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