Is Xerox Corporation (NYSE:XRX) a Buy? The Stock Reported Less Sellers

March 16, 2018 - By Stephen Andrade

 Is Xerox Corporation (NYSE:XRX) a Buy? The Stock Reported Less Sellers

Investors sentiment increased to 0.12 in Q3 2017. Its up 0.11, from 0.01 in 2017Q2. It is positive, as 10 investors sold Xerox Corporation shares while 7 reduced holdings. 0 funds opened positions while 2 raised stakes. 26.13 million shares or 10.07% less from 29.05 million shares in 2017Q2 were reported.
Cibc Markets stated it has 351,045 shares. Dreman Value Management L L C holds 15,106 shares or 0.24% of its portfolio. Hanson Doremus Invest Management accumulated 0.53% or 45,824 shares. Eqis Capital reported 0.04% of its portfolio in Xerox Corporation (NYSE:XRX). Boltwood Cap Management reported 11,983 shares or 0.26% of all its holdings. The New York-based Adirondack Mgmt has invested 0.22% in Xerox Corporation (NYSE:XRX). Wellington Shields Com Ltd Liability Com owns 7,952 shares or 0.09% of their US portfolio. New York-based Icahn Carl C has invested 3.88% in Xerox Corporation (NYSE:XRX). 9,256 were reported by Burney. Nelson Roberts Invest Advisors Lc holds 0% or 100 shares in its portfolio. Polaris Cap Mngmt Ltd Llc, a Massachusetts-based fund reported 856,550 shares. Focused Wealth invested in 139 shares. Altfest L J & Communications holds 7,717 shares or 0.12% of its portfolio. The Michigan-based Columbia Asset Management has invested 0.09% in Xerox Corporation (NYSE:XRX). Asset Advisors Corp has 1,250 shares.

Since January 31, 2018, it had 0 insider purchases, and 2 selling transactions for $44.60 million activity.

The stock of Xerox Corporation (NYSE:XRX) registered a decrease of 15.22% in short interest. XRX’s total short interest was 5.52 million shares in March as published by FINRA. Its down 15.22% from 6.52M shares, reported previously. With 3.19 million shares average volume, it will take short sellers 2 days to cover their XRX’s short positions. The short interest to Xerox Corporation’s float is 2.51%.

The stock increased 0.16% or $0.05 during the last trading session, reaching $31.1. About 179,096 shares traded. Xerox Corporation (NYSE:XRX) has risen 17.43% since March 16, 2017 and is uptrending. It has outperformed by 0.73% the S&P500.

Xerox Corporation provides document management solutions worldwide. The company has market cap of $7.92 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 has a 43.68 P/E ratio. The Company’s Services segment provides document outsourcing services comprising managed print, workflow automation, and communication and marketing services.

Xerox Corporation (NYSE:XRX) Ratings Coverage

Among 14 analysts covering Xerox Corporation (NYSE:XRX), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Xerox Corporation has $40 highest and $8 lowest target. $30.33’s average target is -2.48% below currents $31.1 stock price. Xerox Corporation had 34 analyst reports since July 28, 2015 according to SRatingsIntel. As per Friday, October 27, the company rating was maintained by UBS. The company was upgraded on Tuesday, January 3 by Credit Suisse. The stock of Xerox Corporation (NYSE:XRX) has “Sell” rating given on Friday, June 23 by Barclays Capital. The rating was initiated by SunTrust with “Buy” on Tuesday, September 13. The company was reinitiated on Tuesday, January 3 by JP Morgan. As per Tuesday, January 10, the company rating was upgraded by Goldman Sachs. The stock of Xerox Corporation (NYSE:XRX) earned “Hold” rating by BMO Capital Markets on Wednesday, January 31. The rating was upgraded by TheStreet on Monday, August 17 to “Buy”. The stock has “Hold” rating by Standpoint Research on Wednesday, January 31. The stock has “Buy” rating by Citigroup on Wednesday, August 2.

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