Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Xerox Corp (NYSE:XRX) by 15.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,838 shares of the information technology services provider’s stock after purchasing an additional 16,707 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Xerox worth $4,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. BP PLC purchased a new stake in Xerox during the 2nd quarter worth $708,000. World Asset Management Inc boosted its position in Xerox by 18.3% during the 1st quarter. World Asset Management Inc now owns 17,059 shares of the information technology services provider’s stock worth $546,000 after purchasing an additional 2,641 shares during the period. Exane Derivatives purchased a new stake in Xerox during the 1st quarter worth $3,833,000. Tyers Asset Management LLC boosted its position in Xerox by 267.1% during the 1st quarter. Tyers Asset Management LLC now owns 72,268 shares of the information technology services provider’s stock worth $2,311,000 after purchasing an additional 52,584 shares during the period. Finally, Oakbrook Investments LLC boosted its position in Xerox by 82.8% during the 1st quarter. Oakbrook Investments LLC now owns 20,405 shares of the information technology services provider’s stock worth $653,000 after purchasing an additional 9,240 shares during the period. 88.51% of the stock is owned by hedge funds and other institutional investors.

NYSE:XRX traded down $0.40 on Wednesday, reaching $27.95. The stock had a trading volume of 26,083 shares, compared to its average volume of 2,758,587. The company has a current ratio of 1.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.79. The stock’s 50-day moving average price is $33.63. The company has a market cap of $6.25 billion, a PE ratio of 8.08 and a beta of 1.74. Xerox Corp has a 12-month low of $18.58 and a 12-month high of $36.58.

Xerox (NYSE:XRX) last posted its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Xerox had a net margin of 5.76% and a return on equity of 18.78%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. As a group, equities analysts predict that Xerox Corp will post 3.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were given a $0.25 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 3.58%. Xerox’s payout ratio is currently 28.90%.

XRX has been the subject of a number of research reports. Zacks Investment Research cut shares of Xerox from a “hold” rating to a “sell” rating and set a $31.00 price target for the company. in a research report on Thursday, August 8th. ValuEngine cut shares of Xerox from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.67.

About Xerox

Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers intelligent workplace services, including managed print services; digitization services; and digital solutions, such as workflow automation, personalization and communication software, and content management.

Recommended Story: Beige Book

Want to see what other hedge funds are holding XRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xerox Corp (NYSE:XRX).

Institutional Ownership by Quarter for Xerox (NYSE:XRX)

Receive News & Ratings for Xerox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xerox and related companies with MarketBeat.com's FREE daily email newsletter.