Trexquant Investment LP bought a new position in shares of Xerox Corporation (NYSE:XRX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,682 shares of the information technology services provider’s stock, valued at approximately $537,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. increased its position in shares of Xerox Corporation by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 745,886 shares of the information technology services provider’s stock worth $5,475,000 after buying an additional 23,591 shares during the period. Creative Planning increased its position in shares of Xerox Corporation by 36.9% in the first quarter. Creative Planning now owns 29,246 shares of the information technology services provider’s stock worth $214,000 after buying an additional 7,884 shares during the period. Gulf International Bank UK Ltd increased its position in shares of Xerox Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 268,008 shares of the information technology services provider’s stock worth $1,967,000 after buying an additional 3,200 shares during the period. Bank of Montreal Can increased its position in shares of Xerox Corporation by 42.3% in the first quarter. Bank of Montreal Can now owns 469,654 shares of the information technology services provider’s stock worth $3,447,000 after buying an additional 139,535 shares during the period. Finally, Capstone Asset Management Co. increased its position in shares of Xerox Corporation by 0.5% in the first quarter. Capstone Asset Management Co. now owns 153,295 shares of the information technology services provider’s stock worth $1,125,000 after buying an additional 693 shares during the period.

Xerox Corporation (XRX) opened at 31.66 on Friday. Xerox Corporation has a 52-week low of $22.90 and a 52-week high of $32.99. The firm’s market cap is $8.05 billion. The company’s 50 day moving average price is $30.11 and its 200 day moving average price is $28.99.

Xerox Corporation (NYSE:XRX) last posted its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Xerox Corporation had a return on equity of 15.28% and a net margin of 4.55%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter last year, the company posted $0.26 earnings per share. Xerox Corporation’s quarterly revenue was down 8.1% on a year-over-year basis. Analysts predict that Xerox Corporation will post $3.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.16%. This is a boost from Xerox Corporation’s previous quarterly dividend of $0.06. Xerox Corporation’s dividend payout ratio (DPR) is presently 12.08%.

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A number of analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $34.00 price target on shares of Xerox Corporation in a research report on Wednesday, April 26th. Morgan Stanley reduced their price target on Xerox Corporation from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, April 26th. Zacks Investment Research cut Xerox Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, April 27th. ValuEngine cut Xerox Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised Xerox Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 20th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $37.23.

Xerox Corporation 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 includes service offerings, such as BPO and Document Outsourcing (DO). It provides business services in markets across various industries and to government agencies.

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Institutional Ownership by Quarter for Xerox Corporation (NYSE:XRX)

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