Gagnon Securities LLC Has $915,000 Stake in Xerox Corp (XRX)
Gagnon Securities LLC lifted its position in Xerox Corp (NYSE:XRX) by 37.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,393 shares of the information technology services provider’s stock after buying an additional 8,471 shares during the quarter. Gagnon Securities LLC’s holdings in Xerox were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Nationwide Fund Advisors lifted its stake in shares of Xerox by 1.4% in the third quarter. Nationwide Fund Advisors now owns 113,587 shares of the information technology services provider’s stock worth $3,781,000 after buying an additional 1,597 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in shares of Xerox by 9.3% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 21,683 shares of the information technology services provider’s stock worth $632,000 after buying an additional 1,846 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in shares of Xerox by 11.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 18,608 shares of the information technology services provider’s stock worth $542,000 after buying an additional 1,852 shares during the last quarter. Tredje AP fonden lifted its stake in shares of Xerox by 2.4% in the third quarter. Tredje AP fonden now owns 79,786 shares of the information technology services provider’s stock worth $2,676,000 after buying an additional 1,898 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its stake in Xerox by 14.2% during the 4th quarter. First Republic Investment Management Inc. now owns 16,359 shares of the information technology services provider’s stock valued at $477,000 after purchasing an additional 2,037 shares during the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.
In other news, insider Carl C. Icahn sold 1,161,404 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $34.49, for a total value of $40,056,823.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carl C. Icahn sold 140,011 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $32.50, for a total transaction of $4,550,357.50. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.
Xerox Corp (NYSE XRX) opened at $30.06 on Friday. The company has a market cap of $7,780.27, a price-to-earnings ratio of 8.99 and a beta of 1.20. Xerox Corp has a one year low of $26.64 and a one year high of $37.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.91.
Xerox (NYSE:XRX) last announced its quarterly earnings data on Wednesday, January 31st. The information technology services provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Xerox had a net margin of 1.67% and a return on equity of 17.13%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the prior year, the company posted $1.00 EPS. The business’s revenue was up .5% on a year-over-year basis. equities analysts predict that Xerox Corp will post 3.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Wednesday, March 28th. Xerox’s dividend payout ratio is 158.73%.
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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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