Xerox Corporation (XRX) Shares Sold by Teachers Advisors LLC
Teachers Advisors LLC trimmed its stake in Xerox Corporation (NYSE:XRX) by 75.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,047,662 shares of the information technology services provider’s stock after selling 6,241,695 shares during the period. Teachers Advisors LLC owned about 0.81% of Xerox Corporation worth $58,829,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of XRX. Venturi Wealth Management LLC acquired a new stake in Xerox Corporation in the 1st quarter worth $106,000. United Asset Strategies Inc. acquired a new stake in Xerox Corporation in the 1st quarter worth $107,000. Cypress Wealth Advisors LLC grew its position in Xerox Corporation by 42.8% in the 1st quarter. Cypress Wealth Advisors LLC now owns 15,035 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 4,508 shares during the last quarter. National Asset Management Inc. acquired a new stake in Xerox Corporation in the 1st quarter worth $113,000. Finally, Ronald Blue & Co. LLC acquired a new stake in Xerox Corporation in the 1st quarter worth $121,000. Institutional investors own 83.93% of the company’s stock.
Xerox Corporation (XRX) opened at 32.64 on Friday. The company’s market capitalization is $8.30 billion. The stock’s 50 day moving average is $32.06 and its 200-day moving average is $29.53. Xerox Corporation has a 12-month low of $22.90 and a 12-month high of $32.99.
Xerox Corporation (NYSE:XRX) last released its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.03. Xerox Corporation had a net margin of 4.55% and a return on equity of 15.28%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the company posted $0.26 earnings per share. Xerox Corporation’s revenue was down 8.1% compared to the same quarter last year. On average, equities 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 paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Xerox Corporation’s previous quarterly dividend of $0.06. This represents a $1.00 annualized dividend and a dividend yield of 3.06%. Xerox Corporation’s dividend payout ratio is 12.08%.
XRX has been the topic of several research analyst reports. ValuEngine lowered shares of Xerox Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Morgan Stanley restated an “overweight” rating and issued a $32.00 price target on shares of Xerox Corporation in a research report on Saturday, June 3rd. Zacks Investment Research lowered shares of Xerox Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. BidaskClub upgraded shares of Xerox Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 20th. Finally, Barclays PLC restated a “sell” rating and issued a $27.00 price target on shares of Xerox Corporation in a research report on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Xerox Corporation presently has a consensus rating of “Buy” and an average target price of $35.63.
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Xerox Corporation Company Profile
Xerox Corporation is a provider of digital print technology and related solutions. The Company has capabilities in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity. The Company’s primary offerings span three main areas: Managed Document Services, Workplace Solutions and Graphic Communications.
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