Teacher Retirement System of Texas raised its position in shares of Xerox Corp (NYSE:XRX) by 4,356.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 547,088 shares of the information technology services provider’s stock after buying an additional 534,812 shares during the quarter. Teacher Retirement System of Texas’ holdings in Xerox were worth $19,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gradient Investments LLC lifted its stake in shares of Xerox by 751.0% in the 2nd quarter. Gradient Investments LLC now owns 834 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 736 shares during the last quarter. Coastal Investment Advisors Inc. bought a new stake in shares of Xerox in the 2nd quarter valued at approximately $32,000. CWM LLC lifted its stake in shares of Xerox by 57.9% in the 2nd quarter. CWM LLC now owns 982 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 360 shares during the last quarter. NuWave Investment Management LLC lifted its stake in shares of Xerox by 422.1% in the 2nd quarter. NuWave Investment Management LLC now owns 1,227 shares of the information technology services provider’s stock valued at $43,000 after purchasing an additional 992 shares during the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Xerox in the 1st quarter valued at approximately $149,000. Institutional investors and hedge funds own 87.89% of the company’s stock.

Shares of XRX stock traded down $0.03 on Friday, reaching $28.58. 23,275 shares of the company’s stock were exchanged, compared to its average volume of 2,562,885. Xerox Corp has a 52 week low of $18.58 and a 52 week high of $36.58. 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 has a market capitalization of $6.33 billion, a PE ratio of 8.20 and a beta of 1.74. The company’s fifty day simple moving average is $32.34 and its 200 day simple moving average is $32.44.

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

Several equities research analysts have recently issued reports on the company. ValuEngine lowered Xerox from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered Xerox from a “hold” rating to a “sell” rating and set a $31.00 price objective for the company. in a research note on Thursday, August 8th. Two research 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. Xerox currently has an average rating of “Hold” and a consensus target price of $35.67.

Xerox Profile

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.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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