Brookstone Capital Management grew its position in Xerox Corp (NYSE:XRX) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 182,401 shares of the information technology services provider’s stock after acquiring an additional 15,209 shares during the quarter. Brookstone Capital Management’s holdings in Xerox were worth $5,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nationwide Fund Advisors increased its holdings in shares of Xerox by 1.4% in the 3rd quarter. Nationwide Fund Advisors now owns 113,587 shares of the information technology services provider’s stock valued at $3,781,000 after acquiring an additional 1,597 shares during the last quarter. Tredje AP fonden increased its holdings in shares of Xerox by 2.4% in the 3rd quarter. Tredje AP fonden now owns 79,786 shares of the information technology services provider’s stock valued at $2,676,000 after acquiring an additional 1,898 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Xerox by 1.3% in the 3rd quarter. American Century Companies Inc. now owns 169,794 shares of the information technology services provider’s stock valued at $5,652,000 after acquiring an additional 2,237 shares during the last quarter. Gagnon Securities LLC increased its holdings in shares of Xerox by 11.6% in the 3rd quarter. Gagnon Securities LLC now owns 22,922 shares of the information technology services provider’s stock valued at $763,000 after acquiring an additional 2,378 shares during the last quarter. Finally, Norinchukin Bank The increased its holdings in shares of Xerox by 16.2% in the 3rd quarter. Norinchukin Bank The now owns 17,220 shares of the information technology services provider’s stock valued at $573,000 after acquiring an additional 2,406 shares during the last quarter. Institutional investors and hedge funds own 82.53% of the company’s stock.

In other news, insider Carl C. Icahn sold 1,161,404 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $34.49, for a total value of $40,056,823.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Carl C. Icahn sold 140,011 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $32.50, for a total value of $4,550,357.50. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Xerox from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Saturday. UBS Group upgraded Xerox from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Loop Capital restated a “buy” rating on shares of Xerox in a research note on Thursday, February 1st. Finally, Standpoint Research restated a “hold” rating on shares of Xerox in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Xerox currently has an average rating of “Buy” and an average target price of $35.19.

Xerox Corp (NYSE XRX) opened at $29.95 on Tuesday. The company has a market capitalization of $7,620.00, a price-to-earnings ratio of 46.08 and a beta of 1.13. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.91. Xerox Corp has a 52 week low of $26.64 and a 52 week high of $37.42.

Xerox (NYSE:XRX) last issued its quarterly earnings data on Wednesday, January 31st. The information technology services provider reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.08. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.63 billion. Xerox had a return on equity of 17.13% and a net margin of 1.67%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 EPS. analysts anticipate that Xerox Corp will post 3.43 earnings per share for the current year.

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Xerox 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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