Xerox Corporation (XRX) fell down -0.14% in the last trading session

Violet Tucker
May 18, 2017

Macquarie Group Ltd. reduced its position in shares of Xerox Corp (NYSE:XRX) by 99.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. Xact Kapitalforvaltning AB now owns 149,314 shares of the information technology services provider's stock valued at $1,096,000 after buying an additional 459 shares in the last quarter. Highbridge Capital Management LLC now owns 3,780,965 shares of the information technology services provider's stock worth $33,007,000 after buying an additional 3,380,335 shares in the last quarter. Its forward price to earnings ratio ranks lower than the industry's. Xerox Corp's payout ratio is now 59.62%. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. Xerox Corporation (XRX) 52 week low value is at $5.68 and its current distance from 52 week low value is 25.8%. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock.

Manufacturers Life Ins Company The holds 0.01% of its portfolio in Xerox Corp (NYSE:XRX) for 796,194 shares.

Currently, the market capitalization of Xerox Corporation (XRX) is 7.26 Billion. Credit Suisse Group AG restated a "buy" rating and issued a $8.00 price target on shares of Xerox Corp in a report on Friday, March 31st. The Company has 1020.91 million shares outstanding while EPS in next five years is expected to reach -0.11% while EPS growth in past 5 year was -7.90%. The consensus mean EPS for the current quarter is at $0.21 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings. Xerox Corp had a return on equity of 13.39% and a net margin of 3.53%.

Analysts' mean recommendation for Xerox Corporation (XRX) stands at 2.10. Xerox Corp's quarterly revenue was down 6.2% compared to the same quarter a year ago. Xerox Corp's revenue for the quarter was down 6.2% on a year-over-year basis.

Forest City Realty Trust, Inc (NYSE:FCE-A) shares were last seen down -0.14% at $21.95, which is 19.43% higher than the previous trading session.

TRADEMARK VIOLATION WARNING: This piece was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of USA and global trademark and copyright laws. JP Morgan reinitiated the stock with "Overweight" rating in Tuesday, January 3 report.

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The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, March 31st were given a $0.0625 dividend. It has a dividend yield of 3.50%. The ex-dividend date was Wednesday, March 29th. Xerox Corp's dividend payout ratio is presently 59.62%.

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Several brokerages recently commented on XRX. Envestnet Asset Management Inc. increased its stake in Xerox Corp by 0.5% in the fourth quarter.

While considering growth estimates of the company, it has next quarter growth estimates of -22.2% whereas during current quarter it has -30% estimations over growth, comparing to the estimations of -5.7% during current year and 4.8% for next year. This Beta value of Xerox Corporation (XRX) shows that it has historically moved 128% for every 100% move in the benchmark. The current share price indicate that stock is -15.46% away from its one year high and is moving 6.52% ahead of its 52-week low.

In related news, insider Yehia Abouelmaaty Omar sold 29,375 shares of the stock in a transaction that occurred on Monday, May 1st. Finally, Xact Kapitalforvaltning AB increased its stake in Xerox Corp by 0.3% in the first quarter. The Covey Capital Advisors Llc holds 155,132 shares with $2.39 million value, up from 117,532 last quarter.

There is a large variety of Financial Ratios that can be considered while making an investment decision but here in the case of Xerox Corporation (XRX), we will discuss a few. The Company's segments include Services, Document Technology and Other. The Company's Services segment includes service offerings, such as BPO and Document Outsourcing.

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