Xerox Corporation (XRX) Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC lowered its position in Xerox Corporation (NYSE:XRX) by 65.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 752,350 shares of the information technology services provider’s stock after selling 1,412,250 shares during the period. Polaris Capital Management LLC owned 0.30% of Xerox Corporation worth $21,615,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Xerox Corporation by 1,831.5% in the first quarter. BlackRock Inc. now owns 69,513,636 shares of the information technology services provider’s stock valued at $510,230,000 after acquiring an additional 65,914,755 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Xerox Corporation by 25.0% in the first quarter. Dimensional Fund Advisors LP now owns 16,726,444 shares of the information technology services provider’s stock valued at $122,775,000 after acquiring an additional 3,341,049 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Xerox Corporation by 2.6% in the first quarter. Renaissance Technologies LLC now owns 11,704,289 shares of the information technology services provider’s stock valued at $85,909,000 after acquiring an additional 291,800 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Xerox Corporation by 25.8% in the first quarter. Teachers Advisors LLC now owns 8,289,357 shares of the information technology services provider’s stock valued at $60,844,000 after acquiring an additional 1,698,883 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Xerox Corporation by 108.1% in the first quarter. Bank of America Corp DE now owns 4,426,429 shares of the information technology services provider’s stock valued at $32,489,000 after acquiring an additional 2,299,573 shares during the last quarter. Institutional investors own 84.12% of the company’s stock.

Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of Xerox Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Morgan Stanley dropped their price objective on shares of Xerox Corporation to $32.00 and set an “overweight” rating for the company in a research report on Friday, June 16th. BidaskClub upgraded shares of Xerox Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 20th. Barclays PLC restated a “sell” rating and issued a $27.00 price objective on shares of Xerox Corporation in a research report on Friday, June 23rd. Finally, Loop Capital assumed coverage on shares of Xerox Corporation in a research report on Monday, July 24th. They issued a “buy” rating and a $36.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $35.67.

Xerox Corporation (NYSE:XRX) traded down 0.09% during mid-day trading on Thursday, reaching $32.71. 328,447 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $32.68 and a 200-day moving average of $30.02. Xerox Corporation has a 12 month low of $24.86 and a 12 month high of $34.13. The firm’s market cap is $8.31 billion.

Xerox Corporation (NYSE:XRX) last released its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.03. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.60 billion. Xerox Corporation had a net margin of 4.55% and a return on equity of 15.28%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. Analysts anticipate that Xerox Corporation will post $3.36 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.00 annualized dividend and a dividend yield of 3.05%. This is an increase from Xerox Corporation’s previous quarterly dividend of $0.06. Xerox Corporation’s dividend payout ratio (DPR) is presently 48.31%.

ILLEGAL ACTIVITY NOTICE: “Xerox Corporation (XRX) Shares Sold by Polaris Capital Management LLC” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://sportsperspectives.com/2017/10/12/xerox-corporation-xrx-shares-sold-by-polaris-capital-management-llc.html.

About Xerox Corporation

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.

Want to see what other hedge funds are holding XRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xerox Corporation (NYSE:XRX).

Institutional Ownership by Quarter for Xerox Corporation (NYSE:XRX)

Receive News & Ratings for Xerox Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xerox Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply