Hudson Capital Management LLC Invests $953,000 in Xerox Corp (XRX)

Hudson Capital Management LLC purchased a new position in Xerox Corp (NYSE:XRX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 32,688 shares of the information technology services provider’s stock, valued at approximately $953,000.

Other large investors also recently modified their holdings of the company. Risk Paradigm Group LLC bought a new stake in shares of Xerox in the second quarter worth $176,000. Contravisory Investment Management Inc. increased its stake in shares of Xerox by 10,970.1% in the fourth quarter. Contravisory Investment Management Inc. now owns 7,417 shares of the information technology services provider’s stock worth $216,000 after buying an additional 7,350 shares during the last quarter. Keybank National Association OH bought a new stake in shares of Xerox in the third quarter worth $233,000. Sun Life Financial INC increased its stake in shares of Xerox by 3,998.1% in the second quarter. Sun Life Financial INC now owns 8,688 shares of the information technology services provider’s stock worth $250,000 after buying an additional 8,476 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of Xerox in the third quarter worth $298,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

In other Xerox news, EVP Herve Tessler sold 6,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $28.59, for a total transaction of $171,540.00. Following the completion of the sale, the executive vice president now owns 35,878 shares in the company, valued at $1,025,752.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is owned by insiders.

Several analysts have weighed in on XRX shares. Zacks Investment Research upgraded shares of Xerox from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. UBS Group reiterated a “hold” rating and set a $34.50 target price on shares of Xerox in a research note on Tuesday, December 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $35.21.

Xerox Corp (XRX) traded up $0.84 during mid-day trading on Tuesday, reaching $32.64. 3,573,700 shares of the company’s stock traded hands, compared to its average volume of 2,080,428. The company has a current ratio of 1.63, a quick ratio of 1.33 and a debt-to-equity ratio of 0.97. Xerox Corp has a 12-month low of $26.48 and a 12-month high of $34.13. The company has a market capitalization of $8,290.00, a price-to-earnings ratio of 15.40 and a beta of 1.13.

Xerox (NYSE:XRX) last released its earnings results on Thursday, October 26th. The information technology services provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.06. Xerox had a net margin of 5.29% and a return on equity of 17.23%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. equities research analysts predict that Xerox Corp will post 3.38 earnings per share for the current fiscal year.

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Xerox Company Profile

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.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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