Bank of New York Mellon Corp increased its position in shares of Xerox Corp. (NYSE:XRX) by 0.8% during the third quarter, Holdings Channel reports. The firm owned 25,603,714 shares of the company’s stock after buying an additional 210,374 shares during the period. Bank of New York Mellon Corp’s holdings in Xerox Corp. were worth $259,364,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. increased its stake in shares of Xerox Corp. by 7.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,067,322 shares of the company’s stock valued at $10,128,000 after buying an additional 74,119 shares during the period. TLP Group LLC increased its stake in shares of Xerox Corp. by 2,520.2% in the second quarter. TLP Group LLC now owns 62,884 shares of the company’s stock valued at $597,000 after buying an additional 60,484 shares during the period. Mizuho Asset Management Co. Ltd. increased its stake in shares of Xerox Corp. by 59.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 12,721 shares of the company’s stock valued at $121,000 after buying an additional 4,729 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in shares of Xerox Corp. by 1.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 816,977 shares of the company’s stock valued at $7,753,000 after buying an additional 9,927 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Xerox Corp. by 14.1% in the second quarter. Nisa Investment Advisors LLC now owns 138,281 shares of the company’s stock valued at $1,312,000 after buying an additional 17,100 shares during the period. Institutional investors own 82.39% of the company’s stock.

Institutional Ownership by Quarter for Xerox Corp. (NYSE:XRX)

Shares of Xerox Corp. (NYSE:XRX) opened at 9.46 on Wednesday. The company has a market capitalization of $9.59 billion, a PE ratio of 15.87 and a beta of 1.22. Xerox Corp. has a 12-month low of $8.48 and a 12-month high of $11.39. The firm’s 50-day moving average is $9.55 and its 200-day moving average is $9.70.

Xerox Corp. (NYSE:XRX) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Xerox Corp. had a net margin of 3.74% and a return on equity of 12.62%. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period last year, the business posted $0.24 earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Xerox Corp. will post $1.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Thursday, December 15th will be issued a dividend of $0.0775 per share. The ex-dividend date is Tuesday, December 13th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.28%. Xerox Corp.’s payout ratio is 50.00%.

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XRX has been the topic of a number of research reports. Vetr downgraded shares of Xerox Corp. from a “strong-buy” rating to a “hold” rating and set a $9.96 price target on the stock. in a research note on Tuesday, September 13th. Barclays PLC reaffirmed an “underweight” rating and issued a $11.00 price target (up from $10.00) on shares of Xerox Corp. in a research note on Tuesday, August 2nd. SunTrust Banks Inc. initiated coverage on shares of Xerox Corp. in a research note on Tuesday, September 13th. They issued a “buy” rating and a $13.00 price target on the stock. Zacks Investment Research downgraded shares of Xerox Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 19th. Finally, Morgan Stanley downgraded shares of Xerox Corp. from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $11.50 to $9.50 in a research note on Monday, November 7th. 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. The stock currently has an average rating of “Hold” and a consensus price target of $10.95.

In related news, CFO Leslie F. Varon sold 3,510 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $9.45, for a total transaction of $33,169.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Herve Tessler sold 14,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $9.49, for a total transaction of $132,860.00. Following the sale, the insider now owns 96,319 shares in the company, valued at $914,067.31. 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).

5 Day Chart for NYSE:XRX

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