Xerox Corporation (XRX) Shares Sold by Fmr LLC

Fmr LLC trimmed its position in Xerox Corporation (NYSE:XRX) by 73.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,273,311 shares of the information technology services provider’s stock after selling 9,159,365 shares during the period. Fmr LLC owned approximately 1.29% of Xerox Corporation worth $94,043,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. increased its position in Xerox Corporation by 1,831.5% in the 1st quarter. BlackRock Inc. now owns 69,513,636 shares of the information technology services provider’s stock valued at $510,230,000 after buying an additional 65,914,755 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Xerox Corporation by 25.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 16,726,444 shares of the information technology services provider’s stock valued at $122,775,000 after buying an additional 3,341,049 shares in the last quarter. Renaissance Technologies LLC increased its position in Xerox Corporation by 2.6% in the 1st quarter. Renaissance Technologies LLC now owns 11,704,289 shares of the information technology services provider’s stock valued at $85,909,000 after buying an additional 291,800 shares in the last quarter. Teachers Advisors LLC increased its position 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 valued at $60,844,000 after buying an additional 1,698,883 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Xerox Corporation by 108.1% in the 1st quarter. Bank of America Corp DE now owns 4,426,429 shares of the information technology services provider’s stock valued at $32,489,000 after buying an additional 2,299,573 shares in the last quarter. 84.12% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This article was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/xerox-corporation-xrx-shares-sold-by-fmr-llc.html.

Xerox Corporation (NYSE XRX) opened at 32.71 on Wednesday. The firm’s market cap is $8.31 billion. The firm’s 50-day moving average price is $32.64 and its 200-day moving average price is $30.00. Xerox Corporation has a 1-year low of $22.90 and a 1-year high of $34.13.

Xerox Corporation (NYSE:XRX) last announced its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.03. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.60 billion. Xerox Corporation had a net margin of 4.55% and a return on equity of 15.28%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. Equities research analysts anticipate that Xerox Corporation will post $3.36 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors 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 represents a $1.00 annualized dividend and a dividend yield of 3.06%. This is an increase from Xerox Corporation’s previous quarterly dividend of $0.06. Xerox Corporation’s dividend payout ratio (DPR) is 48.31%.

A number of analysts recently commented on XRX shares. Barclays PLC reaffirmed an “equal weight” rating and issued a $35.00 target price (up from $33.00) on shares of Xerox Corporation in a research report on Tuesday, September 12th. ValuEngine raised Xerox Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Loop Capital reaffirmed a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Xerox Corporation in a research report on Wednesday, August 2nd. UBS AG started coverage on Xerox Corporation in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $36.00 target price for the company. Finally, C

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. increased its position in Xerox Corporation by 1,831.5% in the 1st quarter. BlackRock Inc. now owns 69,513,636 shares of the information technology services provider’s stock valued at $510,230,000 after buying an additional 65,914,755 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Xerox Corporation by 25.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 16,726,444 shares of the information technology services provider’s stock valued at $122,775,000 after buying an additional 3,341,049 shares in the last quarter. Renaissance Technologies LLC increased its position in Xerox Corporation by 2.6% in the 1st quarter. Renaissance Technologies LLC now owns 11,704,289 shares of the information technology services provider’s stock valued at $85,909,000 after buying an additional 291,800 shares in the last quarter. Teachers Advisors LLC increased its position 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 valued at $60,844,000 after buying an additional 1,698,883 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Xerox Corporation by 108.1% in the 1st quarter. Bank of America Corp DE now owns 4,426,429 shares of the information technology services provider’s stock valued at $32,489,000 after buying an additional 2,299,573 shares in the last quarter. 84.12% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This article was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/xerox-corporation-xrx-shares-sold-by-fmr-llc.html.

Xerox Corporation (NYSE XRX) opened at 32.71 on Wednesday. The firm’s market cap is $8.31 billion. The firm’s 50-day moving average price is $32.64 and its 200-day moving average price is $30.00. Xerox Corporation has a 1-year low of $22.90 and a 1-year high of $34.13.

Xerox Corporation (NYSE:XRX) last announced its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.03. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.60 billion. Xerox Corporation had a net margin of 4.55% and a return on equity of 15.28%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. Equities research analysts anticipate that Xerox Corporation will post $3.36 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors 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 represents a $1.00 annualized dividend and a dividend yield of 3.06%. This is an increase from Xerox Corporation’s previous quarterly dividend of $0.06. Xerox Corporation’s dividend payout ratio (DPR) is 48.31%.

A number of analysts recently commented on XRX shares. Barclays PLC reaffirmed an “equal weight” rating and issued a $35.00 target price (up from $33.00) on shares of Xerox Corporation in a research report on Tuesday, September 12th. ValuEngine raised Xerox Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Loop Capital reaffirmed a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Xerox Corporation in a research report on Wednesday, August 2nd. UBS AG started coverage on Xerox Corporation in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $36.00 target price for the company. Finally, Credit Suisse Group boosted their target price on Xerox Corporation from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. Xerox Corporation has an average rating of “Buy” and an average price target of $35.67.

Xerox Corporation Company 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.

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

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

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

Leave a Reply