Xerox Corp (XRX) Shares Bought by Trilogy Capital Inc.

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Trilogy Capital Inc. lifted its stake in Xerox Corp (NYSE:XRX) by 17.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,241 shares of the information technology services provider’s stock after acquiring an additional 3,510 shares during the period. Trilogy Capital Inc.’s holdings in Xerox were worth $743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of Xerox by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 50,457 shares of the information technology services provider’s stock worth $996,000 after acquiring an additional 485 shares during the period. Commonwealth Equity Services LLC lifted its stake in Xerox by 1.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 49,580 shares of the information technology services provider’s stock valued at $979,000 after purchasing an additional 494 shares during the last quarter. Redwood Investment Management LLC lifted its stake in Xerox by 1.4% during the fourth quarter. Redwood Investment Management LLC now owns 36,861 shares of the information technology services provider’s stock valued at $728,000 after purchasing an additional 495 shares during the last quarter. CSat Investment Advisory L.P. lifted its stake in Xerox by 56.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,013 shares of the information technology services provider’s stock valued at $40,000 after purchasing an additional 730 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in Xerox by 6.0% during the fourth quarter. IFM Investors Pty Ltd now owns 14,440 shares of the information technology services provider’s stock valued at $285,000 after purchasing an additional 818 shares during the last quarter. 85.15% of the stock is owned by institutional investors.

XRX stock opened at $35.00 on Wednesday. Xerox Corp has a 12 month low of $18.58 and a 12 month high of $35.01. The company has a quick ratio of 1.19, a current ratio of 1.44 and a debt-to-equity ratio of 0.85. The company has a market cap of $8.04 billion, a P/E ratio of 10.12 and a beta of 1.70.

Xerox (NYSE:XRX) last released its quarterly earnings results on Tuesday, January 29th. The information technology services provider reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.02). Xerox had a net margin of 3.67% and a return on equity of 16.81%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The firm’s revenue was down 7.8% compared to the same quarter last year. Equities analysts predict that Xerox Corp will post 3.76 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.86%. Xerox’s dividend payout ratio is currently 28.90%.

Several research firms recently commented on XRX. Credit Suisse Group began coverage on shares of Xerox in a research note on Thursday, April 11th. They set an “outperform” rating and a $42.00 target price for the company. TheStreet raised shares of Xerox from a “c+” rating to a “b-” rating in a research note on Friday, February 22nd. Zacks Investment Research raised shares of Xerox from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. Standpoint Research lowered shares of Xerox from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, ValuEngine raised shares of Xerox from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $36.60.

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About Xerox

Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers intelligent workplace services, including managed print services; digitization services; and digital solutions, such as workflow automation, personalization and communication software, and content management.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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