California Public Employees Retirement System Buys 12,484 Shares of Xerox Corp (XRX)

California Public Employees Retirement System increased its stake in Xerox Corp (NYSE:XRX) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 714,372 shares of the information technology services provider’s stock after purchasing an additional 12,484 shares during the period. California Public Employees Retirement System owned 0.28% of Xerox worth $23,781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of Xerox by 22.4% during the 3rd 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 purchasing an additional 1,578,302 shares during the period. Dimensional Fund Advisors LP raised its holdings in Xerox by 7.7% during the third quarter. Dimensional Fund Advisors LP now owns 5,065,082 shares of the information technology services provider’s stock valued at $168,633,000 after buying an additional 361,956 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Xerox by 37.5% during 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 buying an additional 1,197,634 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Xerox by 6.8% during the third quarter. Principal Financial Group Inc. now owns 2,331,065 shares of the information technology services provider’s stock valued at $77,600,000 after buying an additional 148,093 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Xerox by 17.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,566,518 shares of the information technology services provider’s stock worth $52,150,000 after purchasing an additional 229,627 shares during the period. 83.54% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Herve Tessler sold 6,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $28.59, for a total transaction of $171,540.00. Following the transaction, the executive vice president now directly owns 35,878 shares in the company, valued at $1,025,752.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.29% of the company’s stock.

Xerox Corp (XRX) opened at $30.01 on Wednesday. Xerox Corp has a 12 month low of $25.84 and a 12 month high of $37.08. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.33 and a current ratio of 1.63. The stock has a market capitalization of $7,713.96, a PE ratio of 9.02 and a beta of 1.12.

Xerox (NYSE:XRX) last issued its quarterly earnings results on Thursday, October 26th. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.06. Xerox had a return on equity of 17.23% and a net margin of 5.29%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company posted $0.84 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. equities analysts anticipate that Xerox Corp will post 3.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.00 annualized dividend and a yield of 3.33%. Xerox’s dividend payout ratio is 48.31%.

XRX has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Xerox from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. UBS dropped their price objective on Xerox from $36.00 to $34.50 and set a “neutral” rating on the stock in a research note on Friday, October 27th. ValuEngine upgraded Xerox from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Barclays reiterated an “equal weight” rating and issued a $35.00 price objective (up from $33.00) on shares of Xerox in a research note on Tuesday, September 12th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Xerox has an average rating of “Buy” and a consensus price target of $35.50.

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

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