Tyers Asset Management LLC raised its holdings in shares of Xerox Corp (NYSE:XRX) by 267.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,268 shares of the information technology services provider’s stock after acquiring an additional 52,584 shares during the period. Tyers Asset Management LLC’s holdings in Xerox were worth $2,311,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc raised its stake in Xerox by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 23,785,034 shares of the information technology services provider’s stock valued at $641,720,000 after acquiring an additional 597,269 shares in the last quarter. LSV Asset Management raised its stake in Xerox by 7.2% during the 1st quarter. LSV Asset Management now owns 7,317,663 shares of the information technology services provider’s stock valued at $234,018,000 after acquiring an additional 493,367 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Xerox by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,240,019 shares of the information technology services provider’s stock valued at $199,560,000 after acquiring an additional 221,173 shares in the last quarter. Geode Capital Management LLC raised its stake in Xerox by 19.1% during the 4th quarter. Geode Capital Management LLC now owns 4,038,170 shares of the information technology services provider’s stock valued at $79,772,000 after acquiring an additional 647,882 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Xerox by 2,803.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,155,302 shares of the information technology services provider’s stock valued at $109,000 after acquiring an additional 2,081,062 shares in the last quarter. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of XRX traded down $0.08 during midday trading on Wednesday, reaching $34.94. The stock had a trading volume of 76,923 shares, compared to its average volume of 3,011,323. Xerox Corp has a 52 week low of $18.58 and a 52 week high of $35.18. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.18 and a current ratio of 1.47. The company has a market capitalization of $7.67 billion, a PE ratio of 10.09 and a beta of 1.66.

Xerox (NYSE:XRX) last posted its quarterly earnings data on Thursday, April 25th. The information technology services provider reported $0.91 EPS for the quarter, topping 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 company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. On average, equities research analysts forecast that Xerox Corp will post 3.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, June 27th. Xerox’s dividend payout ratio is presently 28.90%.

Several analysts have weighed in on the company. Credit Suisse Group assumed coverage on Xerox in a research note on Thursday, April 11th. They set an “outperform” rating and a $42.00 target price on the stock. Standpoint Research downgraded Xerox from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. TheStreet raised Xerox from a “c+” rating to a “b-” rating in a research note on Friday, February 22nd. Finally, Zacks Investment Research downgraded Xerox from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Xerox has a consensus rating of “Hold” and an average target price of $35.75.

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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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