John G Ullman & Associates Inc. Reduces Stake in Xerox Corp (XRX)

John G Ullman & Associates Inc. reduced its stake in shares of Xerox Corp (NYSE:XRX) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,739 shares of the information technology services provider’s stock after selling 10,975 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Xerox were worth $3,062,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in XRX. State of Alaska Department of Revenue increased its holdings in Xerox by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 50,457 shares of the information technology services provider’s stock worth $996,000 after purchasing an additional 485 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Xerox by 1.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 49,580 shares of the information technology services provider’s stock worth $979,000 after purchasing an additional 494 shares during the last quarter. Redwood Investment Management LLC increased its holdings in Xerox by 1.4% during the 4th quarter. Redwood Investment Management LLC now owns 36,861 shares of the information technology services provider’s stock worth $728,000 after purchasing an additional 495 shares during the last quarter. CSat Investment Advisory L.P. increased its holdings in Xerox by 56.9% during the 4th quarter. CSat Investment Advisory L.P. now owns 2,013 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 730 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in Xerox by 6.0% during the 4th quarter. IFM Investors Pty Ltd now owns 14,440 shares of the information technology services provider’s stock worth $285,000 after purchasing an additional 818 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Xerox from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Credit Suisse Group assumed coverage on Xerox in a research report on Thursday, April 11th. They issued an “outperform” rating and a $42.00 target price for the company. TheStreet upgraded Xerox from a “c+” rating to a “b-” rating in a research report on Friday, February 22nd. Standpoint Research lowered Xerox from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, ValuEngine upgraded Xerox from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.75.

Shares of XRX traded up $0.03 during mid-day trading on Friday, hitting $31.91. The stock had a trading volume of 1,489,994 shares, compared to its average volume of 3,130,291. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 9.22 and a beta of 1.70. The company has a current ratio of 1.47, a quick ratio of 1.18 and a debt-to-equity ratio of 0.84. Xerox Corp has a fifty-two week low of $18.58 and a fifty-two week high of $35.18.

Xerox (NYSE:XRX) last released its quarterly earnings data on Thursday, April 25th. The information technology services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06. Xerox had a return on equity of 18.02% and a net margin of 4.91%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, sell-side analysts predict that Xerox Corp will post 3.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 3.13%. Xerox’s dividend payout ratio is currently 28.90%.

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Xerox Profile

Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers intelligent workplace services, including managed print services; digitization services; and digital solutions, such as workflow automation, personalization and communication software, and content management.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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