Trading Report: Today, Xerox Corp. (XRX) CFO Sold $33,169.50 in Stock

Today, Xerox Corp. (XRX) CFO Sold $33,169.50 in Stock

Xerox Corp. (NYSE:XRX) CFO Leslie F. Varon sold 3,510 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $9.45, for a total transaction of $33,169.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Xerox Corp. (NYSE:XRX) traded up 1.28% during mid-day trading on Monday, reaching $9.50. 8,524,836 shares of the company’s stock traded hands. The firm has a 50-day moving average of $9.56 and a 200 day moving average of $9.70. Xerox Corp. has a 12-month low of $8.48 and a 12-month high of $11.39. The company has a market cap of $9.63 billion, a P/E ratio of 15.94 and a beta of 1.22.

Xerox Corp. (NYSE:XRX) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.27. The business earned $4.20 billion during the quarter, compared to analyst estimates of $4.31 billion. Xerox Corp. had a net margin of 3.74% and a return on equity of 12.62%. Xerox Corp.’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 EPS. Equities analysts forecast that Xerox Corp. will post $1.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.0775 per share. The ex-dividend date is Tuesday, December 13th. This represents a $0.31 dividend on an annualized basis and a yield of 3.30%. Xerox Corp.’s dividend payout ratio (DPR) is presently 50.00%.

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP purchased a new stake in Xerox Corp. during the first quarter valued at about $11,357,000. Babson Capital Management LLC raised its stake in Xerox Corp. by 50.3% in the first quarter. Babson Capital Management LLC now owns 195,974 shares of the company’s stock valued at $2,187,000 after buying an additional 65,600 shares during the last quarter. Arizona State Retirement System raised its stake in Xerox Corp. by 1.7% in the first quarter. Arizona State Retirement System now owns 258,128 shares of the company’s stock valued at $2,881,000 after buying an additional 4,200 shares during the last quarter. Royal Bank of Canada raised its stake in Xerox Corp. by 0.7% in the first quarter. Royal Bank of Canada now owns 1,229,403 shares of the company’s stock valued at $13,720,000 after buying an additional 8,367 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Xerox Corp. by 418.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 63,491 shares of the company’s stock valued at $708,000 after buying an additional 51,250 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.

A number of research firms recently weighed in on XRX. BMO Capital Markets raised their target price on shares of Xerox Corp. from $10.00 to $10.50 and gave the company a “market perform” rating in a research report on Monday, August 1st. Brean Capital reiterated a “hold” rating on shares of Xerox Corp. in a research note on Monday, August 1st. Barclays PLC reiterated an “underweight” rating and issued a $11.00 price target (up previously from $10.00) on shares of Xerox Corp. in a research note on Tuesday, August 2nd. Vetr cut shares of Xerox Corp. from a “strong-buy” rating to a “buy” rating and set a $10.47 price target for the company. in a research note on Tuesday, October 4th. Finally, SunTrust Banks Inc. began coverage on shares of Xerox Corp. in a research note on Tuesday, September 13th. They issued a “buy” rating and a $13.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.95.

Xerox Corp. Company Profile

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