Exxonmobil Investment Management Inc. TX reduced its stake in Xerox Corp (NYSE:XRX) by 12.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,945 shares of the information technology services provider’s stock after selling 5,040 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Xerox were worth $989,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of Xerox by 22.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,622,287 shares of the information technology services provider’s stock valued at $287,036,000 after purchasing an additional 1,578,302 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Xerox by 7.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,065,082 shares of the information technology services provider’s stock valued at $168,633,000 after purchasing an additional 361,956 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Xerox by 37.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,392,867 shares of the information technology services provider’s stock valued at $146,243,000 after purchasing an additional 1,197,634 shares during the period. Principal Financial Group Inc. grew its stake in shares of Xerox by 6.8% in the 3rd quarter. Principal Financial Group Inc. now owns 2,331,065 shares of the information technology services provider’s stock valued at $77,600,000 after purchasing an additional 148,093 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Xerox by 17.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,566,518 shares of the information technology services provider’s stock worth $52,150,000 after acquiring an additional 229,627 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

In other Xerox news, EVP Herve Tessler sold 6,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $28.59, for a total transaction of $171,540.00. Following the transaction, the executive vice president now owns 35,878 shares of the company’s stock, valued at approximately $1,025,752.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.29% of the stock is owned by insiders.

Xerox Corp (NYSE:XRX) opened at $31.37 on Friday. The company has a market capitalization of $7,990.00, a P/E ratio of 14.80 and a beta of 1.13. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.97. Xerox Corp has a 1-year low of $26.48 and a 1-year high of $34.13.

Xerox (NYSE:XRX) last announced its earnings results on Thursday, October 26th. The information technology services provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.83 by $0.06. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. Xerox had a return on equity of 17.23% and a net margin of 5.29%. Xerox’s revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. research analysts anticipate that Xerox Corp will post 3.38 earnings per share for the current fiscal year.

Several research analysts have recently commented on XRX shares. Zacks Investment Research downgraded Xerox from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. UBS Group reduced their target price on Xerox from $36.00 to $34.50 and set a “neutral” rating on the stock in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.21.

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Xerox 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.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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