Xerox (NYSE:XRX) Upgraded at StockNews.com

Xerox (NYSE:XRX) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Several other equities research analysts have also recently issued reports on the stock. Citigroup began coverage on shares of Xerox in a research report on Friday. They issued a “sell” rating and a $11.00 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of Xerox from $18.00 to $17.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 24th.

Xerox Trading Down 0.6 %

Shares of Xerox stock opened at $11.55 on Tuesday. Xerox has a 12-month low of $11.50 and a 12-month high of $19.78. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -7.36 and a beta of 1.58. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 1.34. The company has a fifty day simple moving average of $13.63 and a 200-day simple moving average of $16.20.

Xerox (NYSE:XRX) last released its quarterly earnings data on Tuesday, April 23rd. The information technology services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.29). The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Xerox had a negative net margin of 2.74% and a positive return on equity of 7.77%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. On average, equities analysts forecast that Xerox will post 2.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in Xerox during the 4th quarter worth about $25,000. GAMMA Investing LLC acquired a new stake in shares of Xerox during the fourth quarter valued at approximately $25,000. Hexagon Capital Partners LLC boosted its stake in Xerox by 38.7% in the 4th quarter. Hexagon Capital Partners LLC now owns 2,257 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 630 shares during the period. EntryPoint Capital LLC purchased a new position in Xerox during the 1st quarter worth approximately $45,000. Finally, TFO Wealth Partners LLC boosted its position in shares of Xerox by 30,127.3% in the fourth quarter. TFO Wealth Partners LLC now owns 3,325 shares of the information technology services provider’s stock worth $61,000 after buying an additional 3,314 shares during the period. Institutional investors own 85.36% of the company’s stock.

Xerox Company Profile

Xerox Holdings Corporation, together with its subsidiaries, operates as a workplace technology company that integrates hardware, services, and software for enterprises in the Americas, Europe, the Middle East, Africa, India, and internationally. The company operates through two segments, Print and Other; and FITTLE.