Investors Catching Stocks Xerox Corporation (XRX)

Xerox Corp (NYSE:XRX) had its target price lowered by Morgan Stanley from $8.50 to $8.00 in a research note released on Wednesday, April 26th. The fund owned 230,614 shares of the information technology services provider's stock after buying an additional 83,678 shares during the period.

TRADEMARK VIOLATION WARNING: "Xerox Corp (XRX) Given Daily News Impact Rating of 0.12" was posted by BBNS and is the sole property of of BBNS. Donald L. Hagan LLC raised its stake in Xerox Corp by 8.8% in the third quarter. Geode Capital Management LLC now owns 12,632,535 shares of the information technology services provider's stock valued at $92,637,000 after buying an additional 1,881,180 shares during the last quarter. The share price is now down -1.11% for the past three months. (X) has the trading volume of 12.38 Million shares with the average trading volume of 18060 shares. Meanwhile the stock weekly performance was positive at 1.42%, which was upheld for the month at 1.71%.

Xerox Corp (NYSE:XRX) stock opened its trade at $7.16. (X) has a market capitalization of 3.52 Billion which suggests the company is a huge company further suggesting that the shares of United States Steel Corp.

The volume of the particular stock is the shares bought and sold in a single trading day.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Xerox Corp (NYSE:XRX) high price target of $9.5 and with a conservative view have low price target of $7. Its sales stood at 14.10% a year on average in the period of last five years. Annual earnings per share (EPS) growth was at -7.90% in past 5 Years and Long-term annual earnings per share (EPS) growth is projected to achieve -0.11% in coming 5 years. (NYSE:DAL) floats -6.23% below the 52-week top level and its EPS growth rate was 41.80% over prior 5 years with earnings growth of -32.00% yoy. Xerox Corp had a return on equity of 13.39% and a net margin of 3.53%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. The business's revenue for the quarter was down 6.2% on a year-over-year basis. Equities analysts anticipate that Xerox Corp will post $0.83 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, March 31st were given a $0.0625 dividend. The ex-dividend date was Wednesday, March 29th. Cross Research started coverage on Xerox Corp in a report on Thursday, January 5th. (NASDAQ:RXDX) shares moved to $7.80 after starting the day at $7.45. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and global copyright & trademark law. Fuller & Thaler Asset Mgmt Incorporated reported 0% of its portfolio in Xerox Corp (NYSE:XRX).

A number of research analysts have recently commented on XRX shares. Xerox Corporation P/E (price to earnings) ratio is 13.22 and Forward P/E ratio of 8.19. Zacks Investment Research cut Xerox Corp from a hold rating to a strong sell rating in a report on Saturday, January 7th. In terms of leverage and liquidity, one point was given for a lower ratio of long term debt in the current period compared to the previous year, one point was given for higher current ratio compared to the previous year, and one point if no new shares were issued in the last year. Xerox Corp presently has a consensus rating of Buy and a consensus target price of $9.16. The stock of Xerox Corp (NYSE:XRX) has "Neutral" rating given on Tuesday, April 26 by Credit Suisse. This is based on a scale where a 5 would indicate a Strong Buy, a 4 would equal a Moderate Buy, 3 a hold, 2 a moderate sell, and a rating of 1 would indicate a Strong Sell.

Price targets show what analysts believes a stock will be worth at the end of a certain time period. The shares were sold at an average price of $7.09, for a total value of $208,268.75.

Currently Xerox Corp (NYSE:XRX)'s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 85.3%. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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