Fujifilm has chance to ink a solid deal with Xerox

Galtero Lara
Enero 13, 2018

The institutional investor owned 714,372 shares of the information technology services provider's stock after buying an additional 12,484 shares during the period.

The most recent open market insider trade was Sell of 6,000 shares on a day where the closing price was 28.59. New York Life Trust Co. boosted its position in shares of Xerox Corporation by 49.7% in the third quarter. Bank of New York Mellon Corp now owns 8,622,287 shares of the information technology services provider's stock worth $287,036,000 after purchasing an additional 1,578,302 shares during the last quarter. The insider now holds 31,601 shares of Xerox Corporation (XRX). Lakeview Capital Partners LLC bought a new position in shares of Xerox Corporation during the third quarter valued at approximately $107,000. Principal Financial Group Inc. grew its stake in Xerox by 6.8% in the third quarter.

Xerox Corp (XRX) traded up $0.15 on Wednesday, hitting $30.35.

In taking a look at technical levels, shares are trading 22.61% away from the 50 day simple moving average and 44.85% away from the 200 day simple moving average. Xerox Corp has a 1 year low of $26.48 and a 1 year high of $34.13. Ameriprise Financial Inc. now owns 4,392,867 shares of the information technology services provider's stock valued at $146,243,000 after buying an additional 1,197,634 shares in the last quarter. Xerox had a return on equity of 17.23% and a net margin of 5.29%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the business posted $0.84 EPS. analysts forecast that Xerox Corp will post 3.38 EPS for the current fiscal year. The business's revenue for the quarter was down 7.2% compared to the same quarter previous year. Xerox's payout ratio is 47.17%. "(XRX) Gains on Reports of Potential Deal" on January 11, 2018. TheStreet raised Xerox Corporation from a "c+" rating to a "b" rating in a research report on Tuesday, January 24th.

One of the sources quoted by the Journal says that a full takeover of Xerox is not on the table, and no deal appears to be imminent. Cross Research started coverage on Xerox Corporation in a research note on Thursday, January 5th. As per Tuesday, January 10, the company rating was upgraded by Goldman Sachs.

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Equity Research firms now have a positive stance on shares of Cerus Corporation (NASDAQ:CERS).

That is the backdrop for talks between the two companies. Xerox Corporation presently has an average rating of "Hold" and an average price target of $10.43. The shares were sold at an average price of $9.49, for a total value of $132,860.00. Following the completion of the transaction, the executive vice president now directly owns 35,878 shares in the company, valued at approximately $1,025,752.02.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. The stock has a consensus rating of "Buy" and a consensus price target of $34.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Institutional investors and hedge funds own 83.54% of the company's stock. The Company has capabilities in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity. The Company's segments include Services, Document Technology and Other. The Company's Services segment provides document outsourcing services comprising managed print, workflow automation, and communication and marketing services.

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