BLB&B Advisors LLC decreased its holdings in shares of Xerox Corp (NYSE:XRX) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,801 shares of the information technology services provider’s stock after selling 4,562 shares during the period. BLB&B Advisors LLC’s holdings in Xerox were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in XRX. Raymond James & Associates raised its stake in Xerox by 31.9% in the 2nd quarter. Raymond James & Associates now owns 228,553 shares of the information technology services provider’s stock valued at $5,485,000 after purchasing an additional 55,336 shares during the last quarter. Morgan Stanley raised its stake in Xerox by 47.3% in the 2nd quarter. Morgan Stanley now owns 1,751,474 shares of the information technology services provider’s stock valued at $42,035,000 after purchasing an additional 562,228 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in Xerox by 35.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,352 shares of the information technology services provider’s stock valued at $728,000 after purchasing an additional 7,944 shares during the last quarter. Paloma Partners Management Co acquired a new position in Xerox in the 2nd quarter valued at $385,000. Finally, Tower Research Capital LLC TRC raised its stake in Xerox by 455.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 27,439 shares of the information technology services provider’s stock valued at $659,000 after purchasing an additional 22,497 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.

Shares of XRX opened at $23.12 on Friday. Xerox Corp has a 52-week low of $18.58 and a 52-week high of $37.42. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 6.64 and a beta of 1.30. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.82 and a quick ratio of 1.47.

Xerox (NYSE:XRX) last issued its earnings results on Tuesday, October 23rd. The information technology services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. Xerox had a return on equity of 16.50% and a net margin of 0.34%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the company earned $0.89 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, sell-side analysts forecast that Xerox Corp will post 3.47 EPS for the current fiscal year.

Several research firms recently commented on XRX. Zacks Investment Research downgraded Xerox from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th. ValuEngine downgraded Xerox from a “sell” rating to a “strong sell” rating in a research note on Monday, December 17th. Finally, Citigroup cut their target price on Xerox from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $35.25.

In related news, insider Michael David Feldman sold 3,729 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $29.00, for a total transaction of $108,141.00. Following the completion of the sale, the insider now directly owns 2,869 shares of the company’s stock, valued at approximately $83,201. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by company insiders.

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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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