Institutional Investors Are Dumping Xerox Corp (NYSE:XRX)

January 13, 2018 - By Maria Brooks

 Institutional Investors Are Dumping Xerox Corp (NYSE:XRX)

Sentiment for Xerox Corp (NYSE:XRX)

Xerox Corp (NYSE:XRX) institutional sentiment increased to 0.12 in 2017 Q3. Its up 0.11, from 0.01 in 2017Q2. The ratio is positive, as 2 investment professionals opened new or increased equity positions, while 17 sold and reduced their stock positions in Xerox Corp. The investment professionals in our partner’s database now hold: 26.13 million shares, down from 29.05 million shares in 2017Q2. Also, the number of investment professionals holding Xerox Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 7 Increased: 2 New Position: 0.

Xerox Corporation provides document management solutions worldwide. The company has market cap of $8.34 billion. The companyÂ’s Document Technology segment offers desktop monochrome and color printers, multifunction printers, copiers, digital printing presses, and light production devices; and production printing and publishing systems for the graphic communications marketplace and large enterprises. It currently has negative earnings. The Company’s Services segment provides document outsourcing services comprising managed print, workflow automation, and communication and marketing services.

The stock increased 2.86% or $0.91 during the last trading session, reaching $32.77. About 3.32 million shares traded or 51.42% up from the average. Xerox Corporation (NYSE:XRX) has risen 17.43% since January 13, 2017 and is uptrending. It has outperformed by 0.73% the S&P500.

Analysts await Xerox Corporation (NYSE:XRX) to report earnings on January, 30. They expect $0.94 earnings per share, down 6.00 % or $0.06 from last year’s $1 per share. XRX’s profit will be $239.32 million for 8.72 P/E if the $0.94 EPS becomes a reality. After $0.89 actual earnings per share reported by Xerox Corporation for the previous quarter, Wall Street now forecasts 5.62 % EPS growth.

Icahn Carl C holds 3.88% of its portfolio in Xerox Corporation for 24.76 million shares. Polaris Capital Management Llc owns 856,550 shares or 1.59% of their US portfolio. Moreover, Hanson & Doremus Investment Management has 0.53% invested in the company for 45,824 shares. The California-based Boltwood Capital Management has invested 0.26% in the stock. Dreman Value Management L L C, a Florida-based fund reported 15,106 shares.#img1#

Xerox Corporation (NYSE:XRX) Ratings Coverage

Ratings analysis reveals 67% of Xerox Corporation’s analysts are positive. Out of 12 Wall Street analysts rating Xerox Corporation, 8 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $8 while the high is $3900. The stock’s average target of $26.72 is -18.46% below today’s ($32.77) share price. XRX was included in 30 notes of analysts from July 28, 2015. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, January 10. The stock of Xerox Corporation (NYSE:XRX) has “Neutral” rating given on Friday, October 27 by UBS. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, August 2. Brean Capital downgraded the shares of XRX in report on Tuesday, April 26 to “Hold” rating. The stock of Xerox Corporation (NYSE:XRX) has “Neutral” rating given on Tuesday, December 1 by Goldman Sachs. Morgan Stanley maintained the shares of XRX in report on Tuesday, April 26 with “Equal-Weight” rating. The stock of Xerox Corporation (NYSE:XRX) has “Underweight” rating given on Wednesday, October 14 by Barclays Capital. The stock of Xerox Corporation (NYSE:XRX) earned “Neutral” rating by Credit Suisse on Tuesday, April 26. The stock of Xerox Corporation (NYSE:XRX) earned “Overweight” rating by JP Morgan on Tuesday, January 3. The rating was upgraded by Morgan Stanley on Thursday, January 12 to “Overweight”.

More notable recent Xerox Corporation (NYSE:XRX) news were published by: Reuters.com which released: “Xerox in talks for deal with Fujifilm” on January 11, 2018, also Livetradingnews.com with their article: “Xerox Corp (NYSE:XRX) Advancing 5.44% Pre-Market” published on January 11, 2018, Democratandchronicle.com published: “Xerox reportedly in talks for a deal with Fujifilm” on January 11, 2018. More interesting news about Xerox Corporation (NYSE:XRX) were released by: Globenewswire.com and their article: “Xerox Purchases IP Portfolio for Thinfilm’s Printed Rewriteable Memory Labels” published on December 28, 2017 as well as Streetinsider.com‘s news article titled: “Xerox Corp. (XRX) Gains on Reports of Potential Deal” with publication date: January 11, 2018.

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