Delta Lloyd Asset Management N.V. acquired a new stake in Xerox Corporation (NYSE:XRX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 12,515 shares of the information technology services provider’s stock, valued at approximately $360,000.
A number of other large investors have also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in Xerox Corporation by 61.1% in the 2nd quarter. Principal Financial Group Inc. now owns 2,182,972 shares of the information technology services provider’s stock valued at $62,715,000 after purchasing an additional 828,269 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Xerox Corporation in the 2nd quarter valued at about $2,318,000. Penserra Capital Management LLC bought a new stake in Xerox Corporation in the 2nd quarter valued at about $164,000. Federated Investors Inc. PA lifted its position in Xerox Corporation by 378.0% in the 2nd quarter. Federated Investors Inc. PA now owns 590,999 shares of the information technology services provider’s stock valued at $16,980,000 after purchasing an additional 467,371 shares during the last quarter. Finally, United Asset Strategies Inc. lifted its position in Xerox Corporation by 14.2% in the 2nd quarter. United Asset Strategies Inc. now owns 16,611 shares of the information technology services provider’s stock valued at $477,000 after purchasing an additional 2,061 shares during the last quarter. Hedge funds and other institutional investors own 83.93% of the company’s stock.
Several brokerages recently weighed in on XRX. Barclays PLC reiterated an “equal weight” rating and issued a $35.00 price objective (up from $33.00) on shares of Xerox Corporation in a research report on Tuesday. Loop Capital reiterated a “buy” rating and issued a $38.00 price objective (up from $36.00) on shares of Xerox Corporation in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of Xerox Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Credit Suisse Group boosted their price target on shares of Xerox Corporation from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Xerox Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Xerox Corporation has a consensus rating of “Buy” and a consensus target price of $35.63.
Shares of Xerox Corporation (NYSE:XRX) traded down 0.37% during trading on Friday, hitting $32.69. 671,676 shares of the stock traded hands. Xerox Corporation has a 1-year low of $22.90 and a 1-year high of $32.99. The company has a 50 day moving average of $32.00 and a 200-day moving average of $29.51. The company’s market cap is $8.31 billion.
Xerox Corporation (NYSE:XRX) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.03. Xerox Corporation had a net margin of 4.55% and a return on equity of 15.28%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the company earned $0.26 EPS. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. On average, equities analysts anticipate that Xerox Corporation will post $3.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Xerox Corporation’s previous quarterly dividend of $0.06. This represents a $1.00 dividend on an annualized basis and a yield of 3.05%. Xerox Corporation’s dividend payout ratio is presently 12.08%.
Xerox Corporation Profile
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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