[Anonymous]

Xerox  EVP Lynn Blodgett Sells Off $  $6,840,170.00 Worth Of Shares
Insider Selling: Xerox Corp. EVP Sells 660,886 Shares of Stock (XRX)
Posted by Shane Hupp on Feb 10th, 2014

Xerox Corp. (NYSE:XRX) EVP Lynn Blodgett sold 660,886 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $10.35, for a total transaction of $6,840,170.10. Following the transaction, the executive vice president now directly owns 202,967 shares of the company’s stock, valued at approximately $2,100,708. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
 

Xerox Corp. (NYSE:XRX) traded up 0.10% during mid-day trading on Monday, hitting $10.42. The stock had a trading volume of 19,956,674 shares. Xerox Corp. has a 1-year low of $7.75 and a 1-year high of $12.65. The stock’s 50-day moving average is $11.6 and its 200-day moving average is $10.73. The company has a market cap of $12.382 billion and a price-to-earnings ratio of 11.43.

Xerox Corp. (NYSE:XRX) last released its earnings data on Friday, January 24th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts predict that Xerox Corp. will post $1.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost from Xerox Corp.’s previous quarterly dividend of $0.06.

XRX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Xerox Corp. in a research note to investors on Monday, January 27th. They now have a $12.00 price target on the stock. Separately, analysts at Brean Capital raised their price target on shares of Xerox Corp. from $12.50 to $13.00 in a research note to investors on Monday, January 27th. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets downgraded shares of Xerox Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, January 27th. They now have a $11.50 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.44.

Xerox  EVP Lynn Blodgett Sells Off $  $6,840,170.00 Worth Of Shares
Insider Selling: Xerox Corp. EVP Sells 660,886 Shares of Stock (XRX)
Posted by Shane Hupp on Feb 10th, 2014

Xerox Corp. (NYSE:XRX) EVP Lynn Blodgett sold 660,886 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $10.35, for a total transaction of $6,840,170.10. Following the transaction, the executive vice president now directly owns 202,967 shares of the company’s stock, valued at approximately $2,100,708. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
 

Xerox Corp. (NYSE:XRX) traded up 0.10% during mid-day trading on Monday, hitting $10.42. The stock had a trading volume of 19,956,674 shares. Xerox Corp. has a 1-year low of $7.75 and a 1-year high of $12.65. The stock’s 50-day moving average is $11.6 and its 200-day moving average is $10.73. The company has a market cap of $12.382 billion and a price-to-earnings ratio of 11.43.

Xerox Corp. (NYSE:XRX) last released its earnings data on Friday, January 24th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts predict that Xerox Corp. will post $1.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost from Xerox Corp.’s previous quarterly dividend of $0.06.

XRX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Xerox Corp. in a research note to investors on Monday, January 27th. They now have a $12.00 price target on the stock. Separately, analysts at Brean Capital raised their price target on shares of Xerox Corp. from $12.50 to $13.00 in a research note to investors on Monday, January 27th. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets downgraded shares of Xerox Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Monday, January 27th. They now have a $11.50 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.44.

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February 13, 2014 at 11:12 AM