Neuburgh Advisers LLC Has $1.82 Million Position in Xerox Corp (NYSE:XRX)

Neuburgh Advisers LLC boosted its position in shares of Xerox Corp (NYSE:XRX) by 267.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,782 shares of the information technology services provider’s stock after purchasing an additional 41,316 shares during the period. Neuburgh Advisers LLC’s holdings in Xerox were worth $1,816,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Moody National Bank Trust Division purchased a new stake in shares of Xerox in the 1st quarter worth approximately $35,000. CSat Investment Advisory L.P. lifted its position in shares of Xerox by 56.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 2,013 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 730 shares during the period. First Mercantile Trust Co. lifted its position in shares of Xerox by 62.7% in the 4th quarter. First Mercantile Trust Co. now owns 2,570 shares of the information technology services provider’s stock worth $50,000 after purchasing an additional 990 shares during the period. Dupont Capital Management Corp purchased a new stake in shares of Xerox in the 4th quarter worth approximately $76,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Xerox in the 1st quarter worth approximately $104,000. Institutional investors own 87.00% of the company’s stock.

Shares of Xerox stock opened at $34.64 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.18 and a debt-to-equity ratio of 0.84. Xerox Corp has a 12-month low of $18.58 and a 12-month high of $35.26. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 10.01 and a beta of 1.66.

Xerox (NYSE:XRX) last issued its quarterly earnings results on Thursday, April 25th. The information technology services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.06. Xerox had a net margin of 4.91% and a return on equity of 18.02%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the business posted $0.68 EPS. Xerox’s revenue for the quarter was down 9.4% compared to the same quarter last year. Research analysts forecast that Xerox Corp will post 3.89 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.00 dividend on an annualized basis and a yield of 2.89%. Xerox’s payout ratio is 28.90%.

A number of equities research analysts recently commented on the stock. Credit Suisse Group assumed coverage on shares of Xerox in a research report on Thursday, April 11th. They set an “outperform” rating and a $42.00 target price for the company. Standpoint Research cut shares of Xerox from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. TheStreet raised shares of Xerox from a “c+” rating to a “b-” rating in a research report on Friday, February 22nd. Finally, Zacks Investment Research cut shares of Xerox from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Xerox presently has an average rating of “Hold” and a consensus price target of $35.75.

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Xerox Profile

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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