November 25, 2016 - By Ellis Scott · 0 Comments
Xerox Corp (NYSE:XRX) institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.17, from 1.02 in 2016Q1. The ratio has improved, as 212 hedge funds increased and opened new equity positions, while 207 trimmed and sold positions in Xerox Corp. The hedge funds in our partner’s database now have: 834.51 million shares, down from 844.68 million shares in 2016Q1. Also, the number of hedge funds holding Xerox Corp in their top 10 equity positions was flat from 3 to 3 for the same number . Sold All: 38 Reduced: 169 Increased: 160 New Position: 52.
Xerox Corporation is engaged in imaging, business process, analytics, automation and user-centric insights. The company has a market cap of $9.47 billion. The Company’s divisions include Services, Document Technology and Other. It has a 15.48 P/E ratio. The Company’s Services segment comprises two types of service offerings: Business Process Outsourcing and Document Outsourcing (DO).
The stock increased 1.19% or $0.11 during the last trading session, hitting $9.38. About 3.71M shares traded hands. Xerox Corp (NYSE:XRX) has declined 17.01% since April 22, 2016 and is downtrending. It has underperformed by 22.42% the S&P500.
Analysts await Xerox Corp (NYSE:XRX) to report earnings on February, 3. They expect $0.33 earnings per share, up 3.13% or $0.01 from last year’s $0.32 per share. XRX’s profit will be $333.17 million for 7.11 P/E if the $0.33 EPS becomes a reality. After $0.27 actual earnings per share reported by Xerox Corp for the previous quarter, Wall Street now forecasts 22.22% EPS growth.
According to Zacks Investment Research, “Xerox is the world’s leading enterprise for business process and document management. Its technology, expertise and services enable workplaces – from small businesses to large global enterprises – to simplify the way work gets done so they operate more effectively and focus more on what matters most: their real business. Headquartered in Norwalk, Conn., Xerox offers business process outsourcing and IT outsourcing services, including data processing, healthcare solutions, HR benefits management, finance support, transportation solutions, and customer relationship management services for commercial and government organizations worldwide. The company also provides extensive leading-edge document technology, services, software and genuine Xerox supplies for graphic communication and office printing environments of any size.”
Valueworks Llc holds 5.88% of its portfolio in Xerox Corp for 615,426 shares. Icahn Carl C owns 99.03 million shares or 4.64% of their US portfolio. Moreover, Eubel Brady & Suttman Asset Management Inc has 2.95% invested in the company for 935,365 shares. The Vermont-based Community Financial Services Group Llc has invested 2.28% in the stock. Tensile Capital Management Llc, a California-based fund reported 964,145 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 7 selling transactions for $1.51 million net activity.
Ratings analysis reveals 30% of Xerox Corporation’s analysts are positive. Out of 10 Wall Street analysts rating Xerox Corporation, 3 give it “Buy”, 3 “Sell” rating, while 4 recommend “Hold”. The lowest target is $9 while the high is $15. The stock’s average target of $11.50 is 22.60% above today’s ($9.38) share price. XRX was included in 16 notes of analysts from July 28, 2015. The firm has “Underweight” rating by Barclays Capital given on Wednesday, October 14. As per Monday, November 7, the company rating was downgraded by Morgan Stanley. The firm has “Overweight” rating by Piper Jaffray given on Saturday, August 29. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, April 26 report. On Tuesday, December 1 the stock rating was initiated by Goldman Sachs with “Neutral”. The firm has “Buy” rating by SunTrust given on Tuesday, September 13. The stock of Xerox Corp (NYSE:XRX) has “Sell” rating given on Wednesday, September 2 by Zacks. The stock has “Neutral” rating given by JP Morgan on Tuesday, April 26. The rating was maintained by Credit Suisse on Tuesday, April 26 with “Neutral”. As per Tuesday, April 26, the company rating was downgraded by Brean Capital.
Xerox Corporation, incorporated on April 18, 1906, is engaged in imaging, business process, analytics, automation and user-centric insights. The Company’s divisions include Services, Document Technology and Other. Other segment includes paper sales in its developing market countries, wide-format systems, licensing revenue, global imaging systems network integration solutions and non-allocated corporate items, including other expenses and net. The Firm offers its services in over 180 countries. The Company’s clients include small and midsize businesses (SMBs), graphic communications companies, governmental entities, educational institutions and corporate accounts. The industry business groups include commercial healthcare, which serves healthcare payer and pharma, and healthcare well-known provider solutions; commercial industries, which include communications and media, high tech and software, banking and capital markets, insurance, manufacturing, automotive, travel and leisure, food and beverage, transportation and logistics; public sector, which provides services, including services that focused on transportation-related entities, as well as its portfolio of business process outsourcing (BPO) solutions to various governmental entities, and government healthcare, which provides administrative and care management solutions to state Medicaid programs and the United States Government healthcare programs. It provides a range of solutions to over 30 states.
More recent Xerox Corp (NYSE:XRX) news were published by: Nasdaq.com which released: “Commit To Buy Xerox Corp At $7, Earn 8% Using Options” on November 21, 2016. Also Streetinsider.com published the news titled: “Xerox Corp. (XRX) Announces Board Approval of Separation Terms (CNDT)” on November 08, 2016. Streetinsider.com‘s news article titled: “Xerox Corp. (XRX) Reports In-Line Q3 EPS; Guides Q4, FY16 Inline with Views …” with publication date: October 28, 2016 was also an interesting one.
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By Ellis Scott