Xerox Corporation (XRX) Shares Bought by Swiss National Bank
Swiss National Bank grew its position in Xerox Corporation (NYSE:XRX) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 794,314 shares of the information technology services provider’s stock after acquiring an additional 7,300 shares during the period. Swiss National Bank owned 311,997.33% of Xerox Corporation worth $26,443,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of XRX. Seven Eight Capital LP bought a new position in shares of Xerox Corporation in the second quarter valued at approximately $154,000. Penserra Capital Management LLC bought a new position in shares of Xerox Corporation in the second quarter valued at approximately $164,000. JFS Wealth Advisors LLC bought a new position in shares of Xerox Corporation in the second quarter valued at approximately $173,000. Risk Paradigm Group LLC bought a new position in shares of Xerox Corporation in the second quarter valued at approximately $176,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of Xerox Corporation in the second quarter valued at approximately $231,000. Institutional investors own 85.46% of the company’s stock.
Xerox Corporation (NYSE XRX) opened at $28.36 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.97. Xerox Corporation has a 1 year low of $25.84 and a 1 year high of $39.08. The firm has a market cap of $7,190.00, a P/E ratio of 8.36 and a beta of 1.14.
Xerox Corporation (NYSE:XRX) last posted its quarterly earnings data on Thursday, October 26th. The information technology services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.06. Xerox Corporation had a net margin of 5.29% and a return on equity of 17.23%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the company posted $0.84 EPS. Xerox Corporation’s revenue was down 5.0% on a year-over-year basis. analysts expect that Xerox Corporation will post 3.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, December 28th. Xerox Corporation’s dividend payout ratio (DPR) is presently 47.17%.
XRX has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Xerox Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. UBS AG cut their target price on shares of Xerox Corporation from $36.00 to $34.50 and set a “neutral” rating for the company in a research note on Friday, October 27th. ValuEngine upgraded shares of Xerox Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Loop Capital initiated coverage on shares of Xerox Corporation in a research note on Monday, July 24th. They issued a “buy” rating and a $36.00 target price for the company. Finally, Citigroup Inc. set a $39.00 target price on shares of Xerox Corporation and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $35.50.
In other Xerox Corporation news, EVP Herve Tessler sold 6,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $28.59, for a total transaction of $171,540.00. Following the completion of the sale, the executive vice president now owns 35,878 shares in the company, valued at approximately $1,025,752.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.
About Xerox Corporation
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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