HBK Investments L P grew its position in shares of Xerox Corp (NYSE:XRX) by 504.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 70,400 shares of the information technology services provider’s stock after acquiring an additional 58,749 shares during the quarter. HBK Investments L P’s holdings in Xerox were worth $2,052,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Partners LLC bought a new position in shares of Xerox during the 4th quarter valued at approximately $204,000. D.A. Davidson & CO. bought a new position in shares of Xerox during the 4th quarter valued at approximately $202,000. Keybank National Association OH bought a new position in shares of Xerox during the 3rd quarter valued at approximately $233,000. Conning Inc. bought a new position in shares of Xerox during the 4th quarter valued at approximately $215,000. Finally, Contravisory Investment Management Inc. boosted its position in shares of Xerox by 10,970.1% during the 4th quarter. Contravisory Investment Management Inc. now owns 7,417 shares of the information technology services provider’s stock valued at $216,000 after acquiring an additional 7,350 shares during the last quarter. Hedge funds and other institutional investors own 85.74% of the company’s stock.

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Shares of Xerox Corp (XRX) opened at $30.19 on Tuesday. The stock has a market capitalization of $7,920.35, a price-to-earnings ratio of 9.15 and a beta of 1.20. Xerox Corp has a 52-week low of $26.64 and a 52-week high of $37.42. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.91 and a quick ratio of 1.57.

Xerox (NYSE:XRX) last issued its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.63 billion. Xerox had a return on equity of 17.13% and a net margin of 1.67%. Xerox’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. analysts anticipate that Xerox Corp will post 3.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 30th will be given a $0.25 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.31%. Xerox’s dividend payout ratio is presently 158.73%.

In related news, insider Carl C. Icahn sold 140,011 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $32.50, for a total value of $4,550,357.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Carl C. Icahn sold 1,161,404 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $34.49, for a total value of $40,056,823.96. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

A number of research analysts have recently commented on the company. Standpoint Research reiterated a “hold” rating on shares of Xerox in a research report on Wednesday, January 31st. Loop Capital reiterated a “buy” rating on shares of Xerox in a research report on Thursday, February 1st. UBS reiterated a “hold” rating and set a $34.50 target price on shares of Xerox in a research report on Tuesday, December 5th. Zacks Investment Research downgraded Xerox from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on Xerox from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Xerox currently has a consensus rating of “Buy” and a consensus target price of $35.72.

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Xerox Company Profile

Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers managed document services, including managed print services and multi-channel communication services, as well as a range of digital solutions, such as workflow automation services, content management, and digitization services.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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