Xerox in talks with Fujifilm about potentially major deal

Fuji Film

Fuji Film

The top 5 institutional holders, in ascending order, are as follows: ICAHN CARL C with 24.76 million shares, VANGUARD GROUP INC with 22.46 million shares, BLACKROCK INC. with 14.97 million shares, STATE STREET CORP with 8.96 million shares, and BANK OF NEW YORK MELLON CORP with 8.62 million shares. Concert Wealth Management Inc. boosted its position in shares of Xerox Corporation by 0.6% in the third quarter. Asset Advsrs Corporation holds 0.01% or 1,250 shares in its portfolio. Acrospire Investment Management LLC boosted its position in shares of Xerox Corporation by 738.5% in the third quarter. Pacifica Capital Investments Llc owns 799,443 shares or 10.53% of their United States portfolio. Finally, Boys Arnold & Co. Becker Capital Management Inc. purchased a new stake in Xerox during the 3rd quarter worth approximately $39,003,000.

Xerox Corporation (NYSE:XRX)'s shares may have a significant upside to the consensus target of 37.31, but how has it been performing relative to the market? About 4.01M shares traded or 85.56% up from the average. Xerox Corporation has a 52-week low of $6.46 and a 52-week high of $11.39.

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, beating the consensus estimate of $0.83 by $0.06. Xerox Corporation had a net margin of 3.74% and a return on equity of 12.62%. The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. Xerox's dividend payout ratio is now 47.17%. TheStreet raised Xerox Corporation from a "c+" rating to a "b" rating in a research report on Tuesday, January 24th. Wellington Shields And Company Lc has invested 0.09% in Xerox Corporation (NYSE:XRX). Cross Research started coverage on Xerox Corporation in a research note on Thursday, January 5th. The firm earned "Buy" rating on Monday, April 3 by Credit Suisse. As per Tuesday, January 10, the company rating was upgraded by Goldman Sachs. UBS Group decreased their price objective on shares of Xerox from $36.00 to $34.50 and set a "neutral" rating for the company in a research note on Friday, October 27th.

Equity Research firms now have a positive stance on shares of Cerus Corporation (NASDAQ:CERS).

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Staying on top of longer-term price action may help provide investors with a wider range of reference when doing stock analysis. The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings.

Xerox spun off its business process outsourcing unit in 2016 and separated into two independent, publicly traded companies.

The average Wall Street analyst rating for Xerox Corporation is Hold, according to the average of 4 analyst scores. Of those transactions, there were 218,000 shares of XRX bought and 18,837 shares sold. The shares were sold at an average price of $9.49, for a total value of $132,860.00. Following the completion of the transaction, the executive vice president now owns 35,878 shares in the company, valued at approximately $1,025,752.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Among 12 analysts covering Xerox Corporation (NYSE:XRX), 8 have Buy rating, 1 Sell and 3 Hold. In the last ninety days, insiders sold 94,953 shares of company stock worth $901,645. Nelson Roberts Investment Advsr Llc owns 100 shares or 0% of their U.S. portfolio. The Company's primary offerings span three main areas: Managed Document Services, Workplace Solutions and Graphic Communications.

Want to see what other hedge funds are holding XRX?

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