Savant Capital LLC Purchases 460 Shares of Xerox Corp. (XRX)
Savant Capital LLC boosted its position in shares of Xerox Corp. (NYSE:XRX) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,782 shares of the company’s stock after buying an additional 460 shares during the period. Savant Capital LLC’s holdings in Xerox Corp. were worth $121,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Conning Inc. raised its position in Xerox Corp. by 1.1% in the second quarter. Conning Inc. now owns 41,728 shares of the company’s stock worth $396,000 after buying an additional 450 shares during the period. Sigma Planning Corp raised its position in Xerox Corp. by 3.2% in the second quarter. Sigma Planning Corp now owns 21,138 shares of the company’s stock worth $201,000 after buying an additional 650 shares during the period. Raymond James Trust N.A. raised its position 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 worth $111,000 after buying an additional 1,088 shares during the period. Donald L. Hagan LLC raised its position in Xerox Corp. by 2.3% in the second quarter. Donald L. Hagan LLC now owns 65,290 shares of the company’s stock worth $620,000 after buying an additional 1,460 shares during the period. Finally, Integrated Investment Consultants LLC raised its position in Xerox Corp. by 14.4% in the second quarter. Integrated Investment Consultants LLC now owns 12,703 shares of the company’s stock worth $120,000 after buying an additional 1,597 shares during the period. Hedge funds and other institutional investors own 83.90% of the company’s stock.
Shares of Xerox Corp. (NYSE:XRX) traded down 1.10% during trading on Friday, hitting $9.90. 5,154,884 shares of the stock traded hands. The firm’s 50-day moving average price is $9.87 and its 200-day moving average price is $9.94. Xerox Corp. has a 12 month low of $8.48 and a 12 month high of $11.39. The stock has a market cap of $10.03 billion, a PE ratio of 25.85 and a beta of 1.29.
Xerox Corp. (NYSE:XRX) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.39 billion. Xerox Corp. had a net margin of 2.49% and a return on equity of 12.36%. The company’s revenue was down 69.8% on a year-over-year basis. During the same period last year, the firm earned $0.22 EPS. Analysts anticipate that Xerox Corp. will post $1.13 EPS for the current year.
The business 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 $0.0775 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.31 dividend on an annualized basis and a yield of 3.13%. Xerox Corp.’s dividend payout ratio is currently 75.61%.
A number of research analysts have recently commented on the stock. Vetr lowered shares of Xerox Corp. from a “strong-buy” rating to a “hold” rating and set a $9.96 price target for the company. in a research report on Tuesday, September 13th. BMO Capital Markets upped their target price on shares of Xerox Corp. from $10.00 to $10.50 and gave the stock a “market perform” rating in a research report on Monday, August 1st. Barclays PLC reiterated an “underweight” rating and issued a $11.00 target price (up from $10.00) on shares of Xerox Corp. in a research report on Tuesday, August 2nd. Brean Capital reiterated a “hold” rating on shares of Xerox Corp. in a research report on Monday, August 1st. Finally, Zacks Investment Research lowered shares of Xerox Corp. from a “hold” rating to a “sell” rating in a research report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Xerox Corp. currently has an average rating of “Hold” and an average price target of $11.10.
In other Xerox Corp. news, insider Herve Tessler sold 13,000 shares of Xerox Corp. stock in a transaction on Wednesday, August 3rd. The shares were 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 in the company, valued at approximately $1,091,054.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Ursula M. Burns sold 3,317 shares of Xerox Corp. stock in a transaction on Monday, August 15th. The shares were sold at an average price of $9.85, for a total transaction of $32,672.45. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by company insiders.
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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