Cwm buys $10,853,828 stake in Xerox Corp (XRX)

Xerox Corp (XRX) : Cwm scooped up 223,634 additional shares in Xerox Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 1,124,749 shares of Xerox Corp which is valued at $10,853,828.Xerox Corp makes up approximately 0.78% of Cwm’s portfolio.

Other Hedge Funds, Including , Howe Rusling Inc boosted its stake in XRX in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 1,600 shares of Xerox Corp which is valued at $15,440.Algert Global boosted its stake in XRX in the latest quarter, The investment management firm added 5,057 additional shares and now holds a total of 20,618 shares of Xerox Corp which is valued at $201,232. Xerox Corp makes up approx 0.06% of Algert Global’s portfolio.Fruth Investment Management reduced its stake in XRX by selling 1,500 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 53,334 shares of XRX which is valued at $520,540. Xerox Corp makes up approx 0.26% of Fruth Investment Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in XRX in the latest quarter, The investment management firm added 93,649 additional shares and now holds a total of 403,896 shares of Xerox Corp which is valued at $4,022,804. Xerox Corp makes up approx 0.09% of Oregon Public Employees Retirement Fund’s portfolio.

Xerox Corp opened for trading at $9.6 and hit $9.71 on the upside on Friday, eventually ending the session at $9.65, with a gain of 1.05% or 0.1 points. The heightened volatility saw the trading volume jump to 59,45,037 shares. Company has a market cap of $9,778 M.

On the company’s financial health, Xerox Corp reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.24. The company had revenue of $1385.00 million for the quarter, compared to analysts expectations of $4389.41 million. The company’s revenue was down -69.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Xerox Corp. Xerox Corp was Initiated by SunTrust to “Buy” on Sep 13, 2016.

Xerox Corporation is engaged in offering business process and document management solutions. The Company operates through the following segments: Services Document Technology and Other. The Company’s customers include small and midsize businesses (SMBs) graphic communications companies Governmental entities educational institutions and Fortune 1000 corporate accounts. The Company’s Services segment provides two types of service offerings: Business Process Outsourcing (BPO) and Document Outsourcing (DO). It provides multi-industry offerings such as customer care transaction processing finance and accounting and human resources as well as industry focused offerings in areas such as healthcare transportation financial services retail and telecommunications. The Company’s Document Technology segment includes the sale of products and supplies as well as the associated technical service and financing of those products.

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