Toronto Dominion Bank grew its holdings in shares of Xerox Corp (NYSE:XRX) by 13.6% in the 4th quarter, Holdings Channel reports. The firm owned 92,110 shares of the information technology services provider’s stock after acquiring an additional 11,011 shares during the period. Toronto Dominion Bank’s holdings in Xerox were worth $2,685,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of Xerox by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,306,983 shares of the information technology services provider’s stock valued at $38,098,000 after purchasing an additional 8,166 shares during the last quarter. Barings LLC lifted its holdings in shares of Xerox by 111.1% during the fourth quarter. Barings LLC now owns 80,193 shares of the information technology services provider’s stock valued at $2,338,000 after purchasing an additional 42,200 shares during the last quarter. Carnick & Kubik Group LLC purchased a new position in shares of Xerox during the fourth quarter valued at approximately $298,000. Brookstone Capital Management lifted its holdings in shares of Xerox by 9.1% during the fourth quarter. Brookstone Capital Management now owns 182,401 shares of the information technology services provider’s stock valued at $5,317,000 after purchasing an additional 15,209 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new position in shares of Xerox during the fourth quarter valued at approximately $479,000. Hedge funds and other institutional investors own 81.86% of the company’s stock.
Several equities analysts have recently issued reports on XRX shares. Zacks Investment Research upgraded shares of Xerox from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Saturday, February 10th. UBS Group upgraded shares of Xerox from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. Loop Capital reiterated a “buy” rating on shares of Xerox in a report on Thursday, February 1st. Standpoint Research restated a “hold” rating on shares of Xerox in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Xerox from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Xerox presently has an average rating of “Buy” and an average target price of $35.72.
Xerox Corp (NYSE:XRX) opened at $30.23 on Friday. Xerox Corp has a 1-year low of $26.64 and a 1-year high of $37.42. The firm has a market cap of $7,735.14, a P/E ratio of 8.94 and a beta of 1.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.91 and a quick ratio of 1.57.
Xerox (NYSE:XRX) last announced its quarterly earnings data on Wednesday, January 31st. The information technology services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.08. Xerox had a net margin of 1.67% and a return on equity of 17.13%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the business earned $1.00 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. analysts anticipate that Xerox Corp will post 3.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 30th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.31%. Xerox’s payout ratio is currently 158.73%.
In other Xerox news, insider Carl C. Icahn sold 1,161,404 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $34.49, for a total transaction of $40,056,823.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carl C. Icahn sold 140,011 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $32.50, for a total transaction of $4,550,357.50. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.
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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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