Xerox (XRX) Given “Hold” Rating at UBS

UBS restated their hold rating on shares of Xerox (NYSE:XRX) in a report released on Tuesday. They currently have a $34.50 target price on the information technology services provider’s stock.

XRX has been the subject of several other reports. ValuEngine raised Xerox from a hold rating to a buy rating in a report on Friday, September 1st. Zacks Investment Research cut Xerox from a hold rating to a sell rating in a report on Thursday, October 5th. BidaskClub raised Xerox from a hold rating to a buy rating in a report on Friday, August 18th. Barclays reissued an equal weight rating and set a $35.00 price target (up previously from $33.00) on shares of Xerox in a research report on Tuesday, September 12th. Finally, Loop Capital reissued a buy rating and set a $38.00 price target (up previously from $36.00) on shares of Xerox in a research report on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $35.50.

Shares of Xerox (NYSE XRX) traded up $0.07 during mid-day trading on Tuesday, reaching $29.44. The company had a trading volume of 2,025,000 shares, compared to its average volume of 2,418,904. The firm has a market capitalization of $7,477.19, a PE ratio of 8.74 and a beta of 1.12. Xerox 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 quick ratio of 1.33 and a current ratio of 1.63.

Xerox (NYSE:XRX) last issued its quarterly earnings data on Thursday, October 26th. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.06. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Xerox had a return on equity of 17.23% and a net margin of 5.29%. Xerox’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. sell-side analysts anticipate that Xerox will post 3.38 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, December 28th. Xerox’s payout ratio is 48.31%.

In other Xerox news, EVP Herve Tessler sold 6,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $28.59, for a total transaction of $171,540.00. Following the completion of the transaction, the executive vice president now owns 35,878 shares of the company’s stock, valued at $1,025,752.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company’s stock.

Large investors have recently made changes to their positions in the company. Seven Eight Capital LP purchased a new stake in shares of Xerox in the second quarter valued at $154,000. Penserra Capital Management LLC purchased a new stake in shares of Xerox in the second quarter valued at $164,000. Risk Paradigm Group LLC purchased a new stake in shares of Xerox in the second quarter valued at $176,000. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in shares of Xerox in the second quarter valued at $231,000. Finally, Keybank National Association OH purchased a new stake in shares of Xerox in the third quarter valued at $233,000. 84.03% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Xerox (NYSE:XRX)

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