Xerox Corp (NYSE:XRX) Shares Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC grew its position in Xerox Corp (NYSE:XRX) by 56.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 153,472 shares of the information technology services provider’s stock after buying an additional 55,392 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.06% of Xerox worth $3,033,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Legacy Bridge LLC purchased a new position in Xerox in the fourth quarter worth about $30,000. First Mercantile Trust Co. grew its stake in shares of Xerox by 62.7% in the fourth quarter. First Mercantile Trust Co. now owns 2,570 shares of the information technology services provider’s stock worth $50,000 after acquiring an additional 990 shares during the period. San Francisco Sentry Investment Group CA grew its stake in shares of Xerox by 132.8% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 2,828 shares of the information technology services provider’s stock worth $56,000 after acquiring an additional 1,613 shares during the period. Manchester Capital Management LLC grew its stake in shares of Xerox by 1,366.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,654 shares of the information technology services provider’s stock worth $64,000 after acquiring an additional 2,473 shares during the period. Finally, NuWave Investment Management LLC grew its stake in shares of Xerox by 12,853.6% in the fourth quarter. NuWave Investment Management LLC now owns 3,627 shares of the information technology services provider’s stock worth $72,000 after acquiring an additional 3,599 shares during the period. 85.14% of the stock is owned by institutional investors and hedge funds.

NYSE XRX traded up $0.14 during trading hours on Monday, hitting $34.53. 1,424,700 shares of the company’s stock traded hands, compared to its average volume of 3,304,988. The company has a current ratio of 1.44, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 9.98 and a beta of 1.70. Xerox Corp has a 52 week low of $18.58 and a 52 week high of $34.68.

Xerox (NYSE:XRX) last announced its earnings results on Tuesday, January 29th. The information technology services provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02). The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.60 billion. Xerox had a net margin of 3.67% and a return on equity of 16.81%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. Sell-side analysts predict that Xerox Corp will post 3.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.00 annualized dividend and a yield of 2.90%. Xerox’s dividend payout ratio (DPR) is 28.90%.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of Xerox from a “buy” rating to a “hold” rating in a research note on Saturday. Credit Suisse Group assumed coverage on shares of Xerox in a research note on Thursday. They issued an “outperform” rating and a $42.00 price target for the company. TheStreet upgraded shares of Xerox from a “c+” rating to a “b-” rating in a research note on Friday, February 22nd. Standpoint Research lowered shares of Xerox from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, ValuEngine upgraded shares of Xerox from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Xerox currently has an average rating of “Hold” and a consensus target price of $36.60.

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About Xerox

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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