Xerox Corporation (XRX) Shares Sold by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd lessened its position in Xerox Corporation (NYSE:XRX) by 19.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,274 shares of the information technology services provider’s stock after selling 4,671 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Xerox Corporation were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Xerox Corporation by 1,831.5% in the first quarter. BlackRock Inc. now owns 69,513,636 shares of the information technology services provider’s stock valued at $510,230,000 after acquiring an additional 65,914,755 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Xerox Corporation by 25.0% during the first 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 during the last quarter. Teachers Advisors LLC grew its stake in shares of Xerox Corporation by 25.8% during the first 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 during the last quarter. Bank of America Corp DE grew its stake in shares of Xerox Corporation by 108.1% during the first 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 during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Xerox Corporation by 61.1% during the second 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 buying an additional 828,269 shares during the last quarter. 84.14% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Xerox Corporation (XRX) Shares Sold by BlueCrest Capital Management Ltd” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/17/xerox-corporation-xrx-shares-sold-by-bluecrest-capital-management-ltd.html.

Shares of Xerox Corporation (XRX) opened at 33.09 on Tuesday. Xerox Corporation has a 1-year low of $22.90 and a 1-year high of $34.13. The company’s market capitalization is $8.41 billion. The company has a 50 day moving average price of $32.74 and a 200 day moving average price of $30.08.

Xerox Corporation (NYSE:XRX) last issued its 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 business had revenue of $2.57 billion for 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 company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. Equities analysts predict that Xerox Corporation will post $3.36 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be paid a $0.25 dividend. 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 3.02%. The ex-dividend date of this dividend is Thursday, September 28th. Xerox Corporation’s dividend payout ratio is currently 48.31%.

XRX has been the topic of a number of recent research reports. Barclays PLC reaffirmed an “equal weight” rating and set a $35.00 price objective (up from $33.00) on shares of Xerox Corporation in a research note on Tuesday, September 12th. Loop Capital reaffirmed a “buy” rating and set a $38.00 price objective (up from $36.00) on shares of Xerox Corporation in a research note on Wednesday, August 2nd. UBS AG initiated coverage on Xerox Corporation in a research note on Tue

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Xerox Corporation by 1,831.5% in the first quarter. BlackRock Inc. now owns 69,513,636 shares of the information technology services provider’s stock valued at $510,230,000 after acquiring an additional 65,914,755 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Xerox Corporation by 25.0% during the first 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 during the last quarter. Teachers Advisors LLC grew its stake in shares of Xerox Corporation by 25.8% during the first 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 during the last quarter. Bank of America Corp DE grew its stake in shares of Xerox Corporation by 108.1% during the first 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 during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Xerox Corporation by 61.1% during the second 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 buying an additional 828,269 shares during the last quarter. 84.14% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Xerox Corporation (XRX) Shares Sold by BlueCrest Capital Management Ltd” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/17/xerox-corporation-xrx-shares-sold-by-bluecrest-capital-management-ltd.html.

Shares of Xerox Corporation (XRX) opened at 33.09 on Tuesday. Xerox Corporation has a 1-year low of $22.90 and a 1-year high of $34.13. The company’s market capitalization is $8.41 billion. The company has a 50 day moving average price of $32.74 and a 200 day moving average price of $30.08.

Xerox Corporation (NYSE:XRX) last issued its 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 business had revenue of $2.57 billion for 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 company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. Equities analysts predict that Xerox Corporation will post $3.36 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be paid a $0.25 dividend. 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 3.02%. The ex-dividend date of this dividend is Thursday, September 28th. Xerox Corporation’s dividend payout ratio is currently 48.31%.

XRX has been the topic of a number of recent research reports. Barclays PLC reaffirmed an “equal weight” rating and set a $35.00 price objective (up from $33.00) on shares of Xerox Corporation in a research note on Tuesday, September 12th. Loop Capital reaffirmed a “buy” rating and set a $38.00 price objective (up from $36.00) on shares of Xerox Corporation in a research note on Wednesday, August 2nd. UBS AG initiated coverage on Xerox Corporation in a research note on Tuesday, October 3rd. They set a “neutral” rating and a $36.00 price objective on the stock. Credit Suisse Group raised their price objective on Xerox Corporation from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research cut Xerox Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Xerox Corporation has an average rating of “Buy” and a consensus 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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