What Are Analysts Report About Xerox Corporation (XRX)

What Are Analysts Report About Xerox Corporation (XRX)”

Koch Industries Inc. raised its position in shares of Xerox Corporation (NYSE:XRX) by 3,616.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,891,761 shares of the information technology services provider's stock after selling 127,100 shares during the quarter. For the next 5 years, Xerox Corporation is expecting Growth of -0.11% per annum, whereas in the past 5 years the growth was -4.4% per annum. The stock grabbed 47 new institutional investments totaling 2,147,511 shares while 111 institutional investors sold out their entire positions totaling 3,399,737 shares. BlackRock Inc. boosted its stake in shares of Xerox Corporation by 1,831.5% in the 1st quarter. JFS Wealth Advisors LLC acquired a new position in shares of Xerox Corporation during the second quarter worth about $173,000. Penserra Capital Management LLC acquired a new stake in shares of Xerox Corporation in the 2nd quarter worth approximately $164,000.

A number of research analysts have recently issued reports on XRX shares. BidaskClub upgraded Xerox Corporation from a "hold" rating to a "buy" rating in a research note on Friday, August 18th. Zacks Investment Research lowered Xerox Corporation from a "hold" rating to a "sell" rating in a report on Thursday, October 5th. Credit Suisse Group lifted their price target on Xerox Corporation from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 2nd. ValuEngine raised Xerox Corporation from a "hold" rating to a "buy" rating in a report on Friday, September 1st. They set a "neutral" rating and a $36.00 target price for the company.

Some buy side analysts are also providing their Analysis on Xerox Corporation, where 3 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 3 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell.

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Xerox Corporation (NYSE:XRX) traded down 7.79% during midday trading on Thursday, hitting $30.52. John G Ullman & Associates Inc. now owns 268,133 shares of the company's stock worth $2,545,000 after buying an additional 1,600 shares during the period.

A total of 10 firms have reported on the stock. We have seen the price to move -7.4% lower and get settled at $30.65 on 10/26/2017.

Morgan Stanley began coverage on shares of Xerox Corporation (NYSE:XRX) in a report published on Thursday morning.

Third-quarter adjusted EPS was $0.89, up 6.0 percent year-over-year, and excludes 22 cents per share of after-tax costs related to the amortization of intangibles, restructuring and related costs, and certain retirement-related costs. Xerox Corporation had a return on equity of 12.62% and a net margin of 3.74%.

Looking forward, for the quarter ending Dec-17, 6 analysts have a mean sales target of 2,636.29 million. During the same period in the previous year, the firm posted $0.84 EPS. The business's quarterly revenue was down 5.0% compared to the same quarter past year. On average, equities research analysts predict that Xerox Corporation will post $3.36 earnings per share for the current fiscal year. This represents a $1.00 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, December 28th.

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