Xerox Corporation (XRX) EVP Sells $171,540.00 in Stock

Xerox Corporation (NYSE:XRX) EVP Herve Tessler sold 6,000 shares of Xerox Corporation stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $28.59, for a total value of $171,540.00. Following the completion of the sale, the executive vice president now directly owns 35,878 shares in the company, valued at approximately $1,025,752.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Xerox Corporation (NYSE XRX) traded down $0.10 during trading hours on Monday, hitting $29.17. The company’s stock had a trading volume of 1,503,300 shares, compared to its average volume of 2,433,565. The firm has a market cap of $7,180.00, a price-to-earnings ratio of 8.68 and a beta of 1.14. Xerox Corporation has a 52-week low of $25.84 and a 52-week high of $39.08. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 1.33.

Xerox Corporation (NYSE:XRX) last issued its earnings results on Thursday, October 26th. The information technology services provider reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. Xerox Corporation had a return on equity of 17.23% and a net margin of 5.29%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the company posted $0.84 EPS. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. equities research analysts forecast that Xerox Corporation will post 3.38 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 3.43%. Xerox Corporation’s dividend payout ratio is currently 47.17%.

WARNING: “Xerox Corporation (XRX) EVP Sells $171,540.00 in Stock” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.themarketsdaily.com/2017/11/13/xerox-corporation-xrx-evp-sells-171540-00-in-stock.html.

Several hedge funds and other institutional investors have recently modified their holdings of XRX. Seven Eight Capital LP bought a new position in shares of Xerox Corporation during the 2nd quarter worth approximately $154,000. Penserra Capital Management LLC bought a new position in shares of Xerox Corporation during the 2nd quarter worth approximately $164,000. JFS Wealth Advisors LLC bought a new position in shares of Xerox Corporation during the 2nd quarter worth approximately $173,000. Risk Paradigm Group LLC bought a new position in shares of Xerox Corporation during the 2nd quarter worth approximately $176,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of Xerox Corporation during the 2nd quarter worth approximately $231,000. Institutional investors own 85.46% of the company’s stock.

A number of brokerages recently issued reports on XRX. UBS AG began coverage on Xerox Corporation in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $36.00 target price on the stock. Zacks Investment Research lowered Xerox Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. ValuEngine raised Xerox Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Loop Capital reissued a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Xerox Corporation in a research report on Wednesday, August 2nd. Finally, Credit Suisse Group lifted their target price on Xerox Corporation from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Xerox Corporation currently has an average rating of “Buy” and an average target price of $35.50.

About Xerox Corporation

Xerox Corporation is a provider of digital print technology and related solutions. The Company has capabilities in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity. The Company’s primary offerings span three main areas: Managed Document Services, Workplace Solutions and Graphic Communications.

Receive News & Ratings for Xerox Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xerox Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply