Xerox Corp (NYSE:XRX) insider Carl C. Icahn sold 140,011 shares of Xerox stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $32.50, for a total value of $4,550,357.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Xerox Corp (NYSE:XRX) traded up $0.28 during mid-day trading on Thursday, hitting $30.07. The stock had a trading volume of 686,003 shares, compared to its average volume of 3,043,620. Xerox Corp has a 1-year low of $26.64 and a 1-year high of $37.42. The stock has a market capitalization of $7,427.06, a price-to-earnings ratio of 47.48 and a beta of 1.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.91 and a quick ratio of 1.57.
Xerox (NYSE:XRX) last issued its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.08. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.63 billion. Xerox had a return on equity of 17.13% and a net margin of 1.67%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 earnings per share. equities analysts expect that Xerox Corp will post 3.43 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gotham Asset Management LLC boosted its position in Xerox by 27.4% in the fourth quarter. Gotham Asset Management LLC now owns 708,889 shares of the information technology services provider’s stock valued at $20,664,000 after buying an additional 152,629 shares during the last quarter. BB&T Securities LLC purchased a new stake in Xerox in the fourth quarter valued at approximately $1,519,000. Municipal Employees Retirement System of Michigan boosted its position in Xerox by 173.6% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 15,097 shares of the information technology services provider’s stock valued at $440,000 after buying an additional 9,580 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Xerox by 5.2% in the fourth quarter. Glenmede Trust Co. NA now owns 101,457 shares of the information technology services provider’s stock valued at $2,956,000 after buying an additional 5,059 shares during the last quarter. Finally, Vident Investment Advisory LLC boosted its position in Xerox by 8.9% in the fourth quarter. Vident Investment Advisory LLC now owns 97,159 shares of the information technology services provider’s stock valued at $2,832,000 after buying an additional 7,959 shares during the last quarter. Hedge funds and other institutional investors own 82.53% of the company’s stock.
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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