Xerox (NYSE:XRX)‘s stock had its “hold” rating reiterated by stock analysts at UBS in a report issued on Tuesday, www.tipranks.com reports. They currently have a $34.50 price target on the information technology services provider’s stock. UBS’s target price points to a potential upside of 17.19% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut Xerox from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. ValuEngine raised Xerox from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Barclays reaffirmed an “equal weight” rating and set a $35.00 price objective (up from $33.00) on shares of Xerox in a research report on Tuesday, September 12th. BidaskClub raised Xerox from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Loop Capital reaffirmed a “buy” rating and set a $38.00 price objective (up from $36.00) on shares of Xerox in a research report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.50.

Xerox (NYSE XRX) traded up $0.07 during trading on Tuesday, reaching $29.44. The company’s stock had a trading volume of 2,025,000 shares, compared to its average volume of 2,418,904. Xerox has a 52 week low of $25.84 and a 52 week high of $39.08. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 0.97. The firm has a market cap of $7,477.19, a PE ratio of 8.74 and a beta of 1.12.

Xerox (NYSE:XRX) last posted its quarterly earnings data on Thursday, October 26th. The information technology services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. Xerox had a return on equity of 17.23% and a net margin of 5.29%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the firm earned $0.84 EPS. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. equities analysts predict that Xerox will post 3.38 EPS for the current year.

In other news, EVP Herve Tessler sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $28.59, for a total value of $171,540.00. Following the completion of the sale, the executive vice president now directly owns 35,878 shares of the company’s stock, valued at approximately $1,025,752.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. purchased a new position in Xerox in the 2nd quarter valued at approximately $470,000. Denali Advisors LLC increased its stake in Xerox by 28.1% in the 3rd quarter. Denali Advisors LLC now owns 54,000 shares of the information technology services provider’s stock valued at $1,798,000 after purchasing an additional 11,850 shares in the last quarter. Aperio Group LLC increased its stake in Xerox by 7.1% in the 3rd quarter. Aperio Group LLC now owns 266,423 shares of the information technology services provider’s stock valued at $8,869,000 after purchasing an additional 17,565 shares in the last quarter. United Asset Strategies Inc. increased its stake in Xerox by 56.4% in the 3rd quarter. United Asset Strategies Inc. now owns 25,978 shares of the information technology services provider’s stock valued at $865,000 after purchasing an additional 9,367 shares in the last quarter. Finally, AXA increased its stake in Xerox by 10.9% in the 2nd quarter. AXA now owns 1,438,621 shares of the information technology services provider’s stock valued at $41,331,000 after purchasing an additional 141,790 shares in the last quarter. 84.03% of the stock is owned by hedge funds and other institutional investors.

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About Xerox

Xerox Corporation is a provider of digital print technology and related solutions. The Company has capabilities in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity. The Company’s primary offerings span three main areas: Managed Document Services, Workplace Solutions and Graphic Communications.

Analyst Recommendations for Xerox (NYSE:XRX)

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