Xerox Corp (NYSE:XRX) insider Carl C. Icahn sold 140,011 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $32.50, for a total transaction of $4,550,357.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Xerox Corp (NYSE:XRX) traded up $0.33 during trading hours on Wednesday, reaching $31.18. 2,983,504 shares of the company traded hands, compared to its average volume of 2,780,000. The firm has a market capitalization of $7,940.00, a PE ratio of 47.97 and a beta of 1.13. Xerox Corp has a 52-week low of $26.64 and a 52-week high of $37.42. The company has a current ratio of 1.91, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99.
Xerox (NYSE:XRX) last issued its earnings results on Wednesday, January 31st. The information technology services provider reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.08. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Xerox had a net margin of 1.67% and a return on equity of 17.13%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. research analysts predict that Xerox Corp will post 3.43 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of XRX. Bank of New York Mellon Corp raised its holdings in Xerox by 22.4% in the third quarter. Bank of New York Mellon Corp now owns 8,622,287 shares of the information technology services provider’s stock valued at $287,036,000 after acquiring an additional 1,578,302 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Xerox by 37.5% in the third quarter. Ameriprise Financial Inc. now owns 4,392,867 shares of the information technology services provider’s stock valued at $146,243,000 after acquiring an additional 1,197,634 shares in the last quarter. Becker Capital Management Inc. acquired a new stake in Xerox in the third quarter valued at approximately $39,003,000. W. E. Donoghue & Co. LLC acquired a new stake in Xerox in the second quarter valued at approximately $16,580,000. Finally, State of Tennessee Treasury Department raised its holdings in Xerox by 651.1% in the third quarter. State of Tennessee Treasury Department now owns 438,562 shares of the information technology services provider’s stock valued at $14,600,000 after acquiring an additional 380,173 shares in the last quarter. 82.83% of the stock is currently owned by hedge funds and other institutional investors.
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Xerox Company Profile
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.
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