Xerox Corp (XRX) Stake Lifted by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC increased its stake in Xerox Corp (NYSE:XRX) by 422.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,908 shares of the information technology services provider’s stock after acquiring an additional 3,160 shares during the period. Atlas Capital Advisors LLC’s holdings in Xerox were worth $106,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of XRX. Boston Partners boosted its holdings in shares of Xerox by 45.1% in the second quarter. Boston Partners now owns 9,088,855 shares of the information technology services provider’s stock valued at $218,133,000 after acquiring an additional 2,824,360 shares in the last quarter. Indus Capital Partners LLC bought a new stake in Xerox during the second quarter worth approximately $64,974,000. State of New Jersey Common Pension Fund D bought a new stake in Xerox during the third quarter worth approximately $22,933,000. Morgan Stanley boosted its holdings in Xerox by 47.3% during the second quarter. Morgan Stanley now owns 1,751,474 shares of the information technology services provider’s stock worth $42,035,000 after buying an additional 562,228 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Xerox during the second quarter worth approximately $12,878,000. Institutional investors and hedge funds own 89.74% of the company’s stock.

Shares of NYSE:XRX opened at $25.37 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.82 and a quick ratio of 1.47. The company has a market capitalization of $6.00 billion, a P/E ratio of 7.29 and a beta of 1.13. Xerox Corp has a 52 week low of $23.52 and a 52 week high of $37.42.

Xerox (NYSE:XRX) last issued its quarterly earnings results on Tuesday, October 23rd. The information technology services provider reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.07. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.42 billion. Xerox had a net margin of 0.34% and a return on equity of 16.50%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, research analysts expect that Xerox Corp will post 3.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Monday, December 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 3.94%. Xerox’s dividend payout ratio (DPR) is presently 28.74%.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Xerox from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a report on Friday, October 26th. JPMorgan Chase & Co. reduced their target price on shares of Xerox from $38.00 to $35.00 and set a “hold” rating for the company in a report on Friday, July 27th. ValuEngine upgraded shares of Xerox from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, Citigroup reduced their target price on shares of Xerox from $37.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Xerox presently has a consensus rating of “Buy” and an average target price of $35.10.

In related news, insider Michael David Feldman sold 3,729 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $29.00, for a total value of $108,141.00. Following the completion of the sale, the insider now owns 2,869 shares in the company, valued at approximately $83,201. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

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Xerox Company Profile

Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers managed document services, including managed print services and multi-channel communication services, as well as a range of digital solutions, such as workflow automation services, content management, and digitization services.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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