Trilogy Capital Inc. boosted its position in Xerox Corp (NYSE:XRX) by 17.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,241 shares of the information technology services provider’s stock after buying an additional 3,510 shares during the quarter. Trilogy Capital Inc.’s holdings in Xerox were worth $743,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of XRX. Legacy Bridge LLC acquired a new position in Xerox in the 4th quarter worth $30,000. Moody National Bank Trust Division acquired a new position in Xerox in the 1st quarter worth $35,000. CSat Investment Advisory L.P. lifted its holdings in Xerox by 56.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 2,013 shares of the information technology services provider’s stock worth $40,000 after buying an additional 730 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in Xerox by 62.7% in the 4th quarter. First Mercantile Trust Co. now owns 2,570 shares of the information technology services provider’s stock worth $50,000 after buying an additional 990 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA increased its position in shares of Xerox by 132.8% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 2,828 shares of the information technology services provider’s stock worth $56,000 after purchasing an additional 1,613 shares during the last quarter. Hedge funds and other institutional investors own 85.15% of the company’s stock.
XRX opened at $35.00 on Wednesday. The stock has a market capitalization of $8.04 billion, a PE ratio of 10.12 and a beta of 1.70. Xerox Corp has a 1-year low of $18.58 and a 1-year high of $35.01. The company has a quick ratio of 1.19, a current ratio of 1.44 and a debt-to-equity ratio of 0.85.
Xerox (NYSE:XRX) last released its earnings results on Tuesday, January 29th. The information technology services provider reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.02). The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.60 billion. Xerox had a return on equity of 16.81% and a net margin of 3.67%. Xerox’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. On average, equities analysts expect that Xerox Corp will post 3.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, March 28th. Xerox’s dividend payout ratio is presently 28.90%.
Several equities research analysts have recently weighed in on XRX shares. Zacks Investment Research downgraded shares of Xerox from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Standpoint Research downgraded shares of Xerox from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. ValuEngine raised shares of Xerox from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. TheStreet raised shares of Xerox from a “c+” rating to a “b-” rating in a research report on Friday, February 22nd. Finally, Credit Suisse Group started coverage on shares of Xerox in a research report on Thursday, April 11th. They issued an “outperform” rating and a $42.00 target price for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $36.60.
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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