Hancock Whitney Corp Reduces Stake in Xerox Corp (NYSE:XRX)

Share on StockTwits

Hancock Whitney Corp reduced its stake in Xerox Corp (NYSE:XRX) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,633 shares of the information technology services provider’s stock after selling 1,243 shares during the quarter. Hancock Whitney Corp’s holdings in Xerox were worth $1,793,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Candriam Luxembourg S.C.A. boosted its holdings in Xerox by 127.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 155,531 shares of the information technology services provider’s stock valued at $5,734,000 after acquiring an additional 87,093 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Xerox by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 139,554 shares of the information technology services provider’s stock valued at $5,145,000 after acquiring an additional 861 shares during the period. Rhumbline Advisers boosted its holdings in Xerox by 5.8% during the 4th quarter. Rhumbline Advisers now owns 320,463 shares of the information technology services provider’s stock valued at $11,815,000 after acquiring an additional 17,515 shares during the period. Principal Financial Group Inc. boosted its holdings in Xerox by 12.5% during the 4th quarter. Principal Financial Group Inc. now owns 368,537 shares of the information technology services provider’s stock valued at $13,587,000 after acquiring an additional 41,050 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Xerox by 8.2% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 37,466 shares of the information technology services provider’s stock valued at $1,366,000 after acquiring an additional 2,847 shares during the period. Institutional investors own 85.26% of the company’s stock.

XRX stock opened at $37.82 on Friday. 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 firm has a market capitalization of $8.18 billion, a P/E ratio of 6.42 and a beta of 1.81. The business’s 50-day moving average is $36.73 and its two-hundred day moving average is $33.73. Xerox Corp has a 1 year low of $27.25 and a 1 year high of $39.47.

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

A number of equities analysts recently commented on XRX shares. Zacks Investment Research upgraded Xerox from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a report on Sunday, November 3rd. JPMorgan Chase & Co. upgraded Xerox from an “underweight” rating to a “neutral” rating and raised their target price for the company from $31.00 to $38.00 in a report on Tuesday, November 12th. ValuEngine cut Xerox from a “sell” rating to a “strong sell” rating in a report on Friday, January 3rd. Loop Capital raised their target price on Xerox to $47.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Morgan Stanley reduced their price target on Xerox from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. One investment 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 company currently has a consensus rating of “Hold” and an average price target of $39.20.

About Xerox

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.

Read More: Treasury Bonds

Want to see what other hedge funds are holding XRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xerox Corp (NYSE:XRX).

Institutional Ownership by Quarter for Xerox (NYSE:XRX)

Receive News & Ratings for Xerox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xerox and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.