Stevens Capital Management LP reduced its stake in shares of Xerox Corp (NYSE:XRX) by 49.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,271 shares of the information technology services provider’s stock after selling 34,606 shares during the period. Stevens Capital Management LP’s holdings in Xerox were worth $1,300,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of XRX. Campbell & CO Investment Adviser LLC acquired a new position in shares of Xerox in the 4th quarter valued at approximately $382,000. Man Group plc raised its position in Xerox by 5.5% during the third quarter. Man Group plc now owns 211,761 shares of the information technology services provider’s stock valued at $6,334,000 after acquiring an additional 11,037 shares in the last quarter. Colony Group LLC purchased a new position in Xerox during the third quarter valued at approximately $275,000. Public Employees Retirement System of Ohio raised its position in Xerox by 1.3% during the third quarter. Public Employees Retirement System of Ohio now owns 74,472 shares of the information technology services provider’s stock valued at $2,227,000 after acquiring an additional 989 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new position in Xerox during the fourth quarter valued at approximately $348,000. Institutional investors and hedge funds own 85.26% of the company’s stock.

XRX stock traded down $0.39 during trading on Friday, hitting $37.82. 25,889 shares of the company traded hands, compared to its average volume of 1,953,930. The stock’s 50-day simple moving average is $36.73 and its 200 day simple moving average is $33.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.79 and a quick ratio of 1.59. The company has a market cap of $8.26 billion, a PE ratio of 6.42 and a beta of 1.81. Xerox Corp has a 1 year low of $27.25 and a 1 year high of $39.47.

Xerox (NYSE:XRX) last issued its quarterly earnings data on Tuesday, January 28th. The information technology services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.11 by $0.22. Xerox had a return on equity of 19.47% and a net margin of 14.81%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period last year, the company earned $1.14 earnings per share. Xerox’s quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts expect that Xerox Corp will post 3.68 earnings per share for the current year.

XRX has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded Xerox from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $31.00 to $38.00 in a research report on Tuesday, November 12th. Morgan Stanley reduced their price target on Xerox from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Zacks Investment Research upgraded Xerox from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a research report on Sunday, November 3rd. ValuEngine cut Xerox from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Finally, Loop Capital lifted their price target on Xerox to $47.00 and gave the company a “buy” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $39.20.

Xerox Profile

Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers intelligent workplace services, including managed print services; digitization services; and digital solutions, such as workflow automation, personalization and communication software, and content management.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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