Fruth Investment Management Sells 39301 Shares of Xerox Corporation (XRX)

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25 July, 2017

According to Yahoo Finance, The Dividend Date for Xerox Corp is Jul 31, 2017 and its Ex-Dividend Date is Jun 28, 2017. Marshall Wace LLP purchased a new position in Xerox Corporation during the fourth quarter valued at approximately $2,436,000. It is positive, as 52 investors sold Xerox Corp shares while 153 reduced holdings. Ameriprise Financial Inc. now owns 7,912,787 shares of the information technology services provider's stock worth $58,084,000 after buying an additional 6,990,756 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Xerox Corporation by 0.3% in the first quarter. Cypress Wealth Advisors LLC now owns 15,035 shares of the information technology services provider's stock worth $110,000 after buying an additional 4,508 shares during the last quarter. Thanks to an increase of nearly 3.79% in the past one month, the stock price is now with underperforming -3.14% so far on the year - still in weak zone. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks. Tarbox Grp owns 0% invested in Xerox Corp (NYSE:XRX) for 802 shares. Shares of XRX have uptrended 6.39% in the past three months, while the industry overall has moved 1.07% in that time. Average True Range looks at the distance the price is traveling each day and plots it on a graph.

William Blair & Company, L.L.C.is acting as the sole book-running manager and Craig-Hallum Capital Group LLC, Northland Capital Markets and Barrington Research Associates, Inc. are acting as co-managers for the offering.

Xerox Corporation (NYSE:XRX) is scheduled to be releasing its earnings data on Thursday, July 27th. The information technology services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by $0.04.

Senior Vice President, Tessler Herve, sold 3,500 common shares of Xerox Corporation (XRX) in the open market. The business had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same period previous year, the firm earned $0.88 earnings per share.

Quarterly Revenue growth year over year is -6.2 Percent. Equities analysts anticipate that Xerox Corporation will post $3.32 EPS for the current year.

Price/Earnings to growth ratio for the company is -80.55 and the stock shows its Price/Sales (ttm) of 0.7 and Price/Book for the most recent quarter of 1.52. Investors of record on Friday, September 29th will be paid a $0.25 dividend. Xerox Corporation's dividend payout ratio is presently 12.25%. This presents short term, intermediate and long term technical levels of Xerox Corporation (XRX) stock. If you are viewing this report on another website, it was illegally copied and republished in violation of US and worldwide copyright law. The correct version of this article can be accessed at https://sportsperspectives.com/2017/07/24/xerox-corporation-nysexrx-given-media-sentiment-score-of-0-11-updated-updated.html. Zacks downgraded Xerox Corp (NYSE:XRX) on Wednesday, September 2 to "Sell" rating. Loop Capital assumed coverage on Xerox Corporation in a research report on Monday. Finally, Credit Suisse Group restated a buy rating and issued a $32.00 target price on shares of Xerox Corporation in a report on Friday, March 31st. The firm has "Neutral" rating by Goldman Sachs given on Tuesday, December 1.

Shares of Xerox Corporation (NYSE XRX) traded up 3.77% during mid-day trading on Monday, reaching $30.56.

A number of other analysts also recently issued reports on XRX. The stock has "Buy" rating by Sidoti on Thursday, July 13. The average 1-year price target for (NAVI) reveals an average price target of $17.61 per share. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The analysts estimated mean EPS at 1.01 while the high and low EPS estimate stand at 1.07 and 0.93 respectively.

Xerox Corporation is engaged in imaging, business process, analytics, automation and user-centric insights.


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