Insider Selling: James Firestone Sells 246,501 Shares of Xerox Corp. Stock (XRX)
Xerox Corp. (NYSE:XRX) EVP James Firestone unloaded 246,501 shares of Xerox Corp. stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $11.93, for a total transaction of $2,940,756.93. Following the sale, the executive vice president now directly owns 315,406 shares in the company, valued at approximately $3,762,794. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Argus reiterated a “buy” rating on shares of Xerox Corp. in a research note to investors on Tuesday, December 10th. They now have a $15.00 price target on the stock, up previously from $13.00. Separately, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Xerox Corp. in a research note to investors on Wednesday, November 13th. They now have a $11.50 price target on the stock, up previously from $10.50. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Xerox Corp. in a research note to investors on Friday, October 25th. They now have a $9.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.93.
Shares of Xerox Corp. (NYSE:XRX) traded down 0.21% during mid-day trading on Friday, hitting $11.885. The stock had a trading volume of 3,414,136 shares. Xerox Corp. has a 52 week low of $7.05 and a 52 week high of $12.28. The stock has a 50-day moving average of $11.4 and a 200-day moving average of $10.36. The company has a market cap of $14.632 billion and a P/E ratio of 12.89.
Xerox Corp. (NYSE:XRX) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis.
Xerox Corporation,provides a portfolio of business process and information technology (NYSE:XRX) outsourcing support, document technology and solutions.
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