Earnest Partners LLC Has $2.22 Million Position in Xerox Corporation (XRX)

Earnest Partners LLC cut its holdings in Xerox Corporation (NYSE:XRX) by 75.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,145 shares of the information technology services provider’s stock after selling 235,829 shares during the period. Earnest Partners LLC’s holdings in Xerox Corporation were worth $2,216,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Xerox Corporation by 17.3% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,328,672 shares of the information technology services provider’s stock worth $9,763,000 after buying an additional 195,900 shares during the period. Teachers Advisors LLC boosted its holdings in Xerox Corporation by 25.8% in the 1st quarter. Teachers Advisors LLC now owns 8,289,357 shares of the information technology services provider’s stock worth $60,844,000 after buying an additional 1,698,883 shares during the period. AXA boosted its holdings in Xerox Corporation by 10.9% in the 2nd quarter. AXA now owns 1,438,621 shares of the information technology services provider’s stock worth $41,331,000 after buying an additional 141,790 shares during the period. Principal Financial Group Inc. boosted its holdings 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 worth $62,715,000 after buying an additional 828,269 shares during the period. Finally, Cowen Inc. bought a new position in Xerox Corporation in the 2nd quarter worth approximately $1,372,000. 84.12% of the stock is owned by institutional investors.

Xerox Corporation (XRX) traded up 0.67% during trading on Tuesday, hitting $32.83. 64,976 shares of the company traded hands. Xerox Corporation has a 52 week low of $22.90 and a 52 week high of $34.13. The company’s 50 day moving average is $32.60 and its 200-day moving average is $29.97. The stock’s market capitalization is $8.34 billion.

Xerox Corporation (NYSE:XRX) last posted its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.03. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Xerox Corporation had a net margin of 4.55% and a return on equity of 15.28%. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Analysts predict that Xerox Corporation will post $3.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be issued a $0.25 dividend. The ex-dividend date is Thursday, September 28th. This is a boost from Xerox Corporation’s previous quarterly dividend of $0.06. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.07%. Xerox Corporation’s dividend payout ratio is presently 48.31%.

TRADEMARK VIOLATION NOTICE: This news story was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/10/earnest-partners-llc-has-2-22-million-position-in-xerox-corporation-xrx.html.

Several research firms have issued reports on XRX. Morgan Stanley lowered their target price on shares of Xerox Corporation to $32.00 and set an “overweight” rating on the stock in a research note on Friday, June 16th. Credit Suisse Group increased their target price on shares of Xerox Corporation from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of Xerox Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. ValuEngine upgraded shares of Xerox Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally,

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Xerox Corporation by 17.3% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,328,672 shares of the information technology services provider’s stock worth $9,763,000 after buying an additional 195,900 shares during the period. Teachers Advisors LLC boosted its holdings in Xerox Corporation by 25.8% in the 1st quarter. Teachers Advisors LLC now owns 8,289,357 shares of the information technology services provider’s stock worth $60,844,000 after buying an additional 1,698,883 shares during the period. AXA boosted its holdings in Xerox Corporation by 10.9% in the 2nd quarter. AXA now owns 1,438,621 shares of the information technology services provider’s stock worth $41,331,000 after buying an additional 141,790 shares during the period. Principal Financial Group Inc. boosted its holdings 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 worth $62,715,000 after buying an additional 828,269 shares during the period. Finally, Cowen Inc. bought a new position in Xerox Corporation in the 2nd quarter worth approximately $1,372,000. 84.12% of the stock is owned by institutional investors.

Xerox Corporation (XRX) traded up 0.67% during trading on Tuesday, hitting $32.83. 64,976 shares of the company traded hands. Xerox Corporation has a 52 week low of $22.90 and a 52 week high of $34.13. The company’s 50 day moving average is $32.60 and its 200-day moving average is $29.97. The stock’s market capitalization is $8.34 billion.

Xerox Corporation (NYSE:XRX) last posted its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.03. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Xerox Corporation had a net margin of 4.55% and a return on equity of 15.28%. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Analysts predict that Xerox Corporation will post $3.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be issued a $0.25 dividend. The ex-dividend date is Thursday, September 28th. This is a boost from Xerox Corporation’s previous quarterly dividend of $0.06. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.07%. Xerox Corporation’s dividend payout ratio is presently 48.31%.

TRADEMARK VIOLATION NOTICE: This news story was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/10/earnest-partners-llc-has-2-22-million-position-in-xerox-corporation-xrx.html.

Several research firms have issued reports on XRX. Morgan Stanley lowered their target price on shares of Xerox Corporation to $32.00 and set an “overweight” rating on the stock in a research note on Friday, June 16th. Credit Suisse Group increased their target price on shares of Xerox Corporation from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of Xerox Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. ValuEngine upgraded shares of Xerox Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of Xerox Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $35.67.

About Xerox Corporation

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.

Institutional Ownership by Quarter for Xerox Corporation (NYSE:XRX)

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