Xerox Corp EVP Robert K. Zapfel Buys 40,000 Shares (XRX)
Xerox Corp (NYSE:XRX) EVP Robert K. Zapfel bought 40,000 shares of Xerox Corp stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $12.94 per share, for a total transaction of $517,600.00. Following the purchase, the executive vice president now directly owns 40,000 shares of the company’s stock, valued at approximately $517,600. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Xerox Corp in a research note on Friday, August 1st. They now have a $14.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of Xerox Corp from $14.00 to $16.50 in a research note on Monday, July 28th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Xerox Corp from an “underweight” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $14.00 price target on the stock, up previously from $13.00. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Xerox Corp currently has a consensus rating of “Hold” and a consensus target price of $13.56.
Xerox Corp (NYSE:XRX) traded up 1.52% during mid-day trading on Monday, hitting $13.3899. The stock had a trading volume of 3,152,114 shares. Xerox Corp has a 52-week low of $9.55 and a 52-week high of $13.38. The stock has a 50-day moving average of $12.73 and a 200-day moving average of $11.79. The company has a market cap of $15.441 billion and a P/E ratio of 14.37.
Xerox Corp (NYSE:XRX) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts expect that Xerox Corp will post $1.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Friday, September 26th.
Xerox Corporationprovides services and technology to enable its customers from small businesses to large global enterprises to focus on their core business.
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