UBS Asset Management Americas Inc. decreased its holdings in Xerox Corp (NYSE:XRX) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,403,989 shares of the information technology services provider’s stock after selling 44,735 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.65% of Xerox worth $51,765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of XRX. Penserra Capital Management LLC bought a new stake in Xerox in the fourth quarter valued at approximately $1,289,000. Guggenheim Capital LLC raised its position in Xerox by 0.8% during the 4th quarter. Guggenheim Capital LLC now owns 102,380 shares of the information technology services provider’s stock worth $3,774,000 after purchasing an additional 849 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Xerox by 4.0% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 288,548 shares of the information technology services provider’s stock worth $10,639,000 after purchasing an additional 11,225 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Xerox by 28.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 406,475 shares of the information technology services provider’s stock worth $14,987,000 after purchasing an additional 88,900 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in Xerox by 23.7% during the 4th quarter. Public Sector Pension Investment Board now owns 432,758 shares of the information technology services provider’s stock worth $15,956,000 after purchasing an additional 82,943 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Several research firms have recently weighed in on XRX. Morgan Stanley lowered their price objective on Xerox from $33.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday. ValuEngine raised Xerox from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $36.40.

Shares of XRX stock traded up $1.09 during mid-day trading on Wednesday, hitting $18.62. The company’s stock had a trading volume of 5,421,853 shares, compared to its average volume of 2,588,196. The company’s fifty day simple moving average is $30.88 and its 200-day simple moving average is $33.67. Xerox Corp has a 52 week low of $15.01 and a 52 week high of $39.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.59 and a current ratio of 1.79. The company has a market cap of $3.43 billion, a PE ratio of 3.16 and a beta of 1.77.

Xerox (NYSE:XRX) last announced its earnings results on Tuesday, January 28th. The information technology services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.22. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.43 billion. Xerox had a return on equity of 19.48% and a net margin of 14.81%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. On average, equities analysts anticipate that Xerox Corp will post 3.57 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Monday, March 30th will be given a $0.25 dividend. The ex-dividend date is Friday, March 27th. This represents a $1.00 annualized dividend and a yield of 5.37%. Xerox’s dividend payout ratio (DPR) is presently 28.17%.

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.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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