Xerox in major deal talks with Fujifilm; XRX +3.8%

The institutional investor owned 40,000 shares of the company's stock after selling 80,000 shares during the period. This represents a change from most recent open price of 3.49%. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. New York Life Trust Co. boosted its position in shares of Xerox Corporation by 49.7% in the third quarter.

Xerox Corp (NYSE:XRX) traded up $1.51 during trading hours on Thursday, reaching $31.86. Dreman Value Management L L C invested in 15,106 shares or 0.24% of the stock. Lakeview Capital Partners LLC bought a new position in shares of Xerox Corporation during the third quarter valued at approximately $107,000. Ameriprise Financial Inc. grew its holdings in shares of Xerox by 37.5% during the third quarter. Hanson Doremus Mgmt holds 0.53% of its portfolio in Xerox Corporation (NYSE:XRX) for 45,824 shares. 994,655 shares of the company traded hands, compared to its average volume of 2,070,000.

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. The firm has a market cap of $7,730.00, a PE ratio of 14.32 and a beta of 1.13.

Xerox (NYSE:XRX) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.25. Xerox had a return on equity of 17.23% and a net margin of 5.29%. The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.77 billion. During the same period in the previous year, the business posted $0.84 EPS. The business's revenue for the quarter was down 7.2% compared to the same quarter a year ago. Xerox's dividend payout ratio is now 47.17%.

XRX has been the subject of several recent research reports. JP Morgan reinitiated Xerox Corporation (NYSE:XRX) on Tuesday, January 3 with "Overweight" rating.

A Xerox spokesman says the company is not commenting on the WSJ story. As per Tuesday, January 10, the company rating was upgraded by Goldman Sachs.

That is the backdrop for talks between the two companies. UBS Group reaffirmed a "hold" rating and issued a $34.50 price target on shares of Xerox in a research report on Tuesday, December 5th. Brean Capital downgraded the shares of XRX in report on Tuesday, April 26 to "Hold" rating. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the a year ago there have been a total of 31 insider trades, including 22 open market buys and 9 sells.

Fujifilm shares fell 1.8 percent in Tokyo to 4,724 yen per share following the Journal report, while the broader Japanese market .N225 slipped 0.3 percent. Nelson Roberts Investment Advsr Llc owns 100 shares or 0% of their USA portfolio. The Company's Services segment provides document outsourcing services comprising managed print, workflow automation, and communication and marketing services. Fujifilm is trying to streamline its copier business with a larger focus on document solutions services. Dimensional Fund Advisors LP grew its holdings in shares of Xerox by 7.7% during the third quarter.

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