Xerox Corp (NYSE:XRX).
Polaris Capital Management, LLC bought 104,200 shares in quarter ending 09/30/2017 increasing its holdings in Xerox Corp by 13.8%. Its position was valued at $28,515,000 an increase of $6,900,000 as of quarter end.
Several firms have updated their holdings. As of the end of the quarter Altfest L J & Co Inc had sold 580 shares trimming its position 7.0%. The value in dollars increased from $238,000 to $257,000 a change of 8.0% since the last quarter. Hanson & Doremus Investment Management downsized its holdings by selling 1,037 shares a decrease of 2.2% as of 09/30/2017. Hanson & Doremus Investment Management claims 45,824 shares with a value of $1,525,000. The total value of its holdings increased 13.3%.
As of quarter end Wellington Shields & Co., LLC had acquired a total of 400 shares growing its holdings by 5.3%. The value of the investment in XRX went from $217,000 to $265,000 increasing 22.1% for the reporting period.
On September 12 Barclays PLC held the company rating at “Equal Weight” targeting a price of $35.00. August 8 investment analysts at Loop Capital left the stock rating at “Buy” with a current price target of $38.00.
On August 2, 2017 Citigroup updated guidance on XRX and giving a rating of “Buy” and a price target of $39.00. Equity analyst Credit Suisse Group raised the price target on August 2 boosting the projection from $32.00 to $34.00 and issued a “Outperform” rating.
On August 2 Loop Capital maintained a company rating of “Buy” projecting a price of $38.00.
The company is up since yesterday’s close of 28.07. The company currently has a P/E ratio of 13.29 and market capitalization is 7.19B. As of the last earnings report the EPS was $2.12 with 254.59M shares presently outstanding.
Investors are feeling more bearish on the company recently if you look at the motion in short interest. The firm saw a rise in short interest of 13.40% as of October 13, 2017 from the last reporting period. Short shares increased 577,745 over that timeframe. The short-interest ratio increased to 4.0 and the short interest percentage is 0.02% as of October 13.