Tradelink Capital buys $234,723 stake in Xerox Corp (XRX)

Xerox Corp (XRX) : Tradelink Capital scooped up 4,185 additional shares in Xerox Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 23,614 shares of Xerox Corp which is valued at $234,723.Xerox Corp makes up approximately 1.09% of Tradelink Capital’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in XRX in the latest quarter, The investment management firm added 7,231 additional shares and now holds a total of 60,998 shares of Xerox Corp which is valued at $606,320. Xerox Corp makes up approx 0.01% of Ngam Advisors’s portfolio.Pggm Investments reduced its stake in XRX by selling 44,012 shares or 5.83% in the most recent quarter. The Hedge Fund company now holds 711,009 shares of XRX which is valued at $7,110,090. Xerox Corp makes up approx 0.04% of Pggm Investments’s portfolio.American Century Companies Inc boosted its stake in XRX in the latest quarter, The investment management firm added 437,156 additional shares and now holds a total of 681,759 shares of Xerox Corp which is valued at $6,817,590. Xerox Corp makes up approx 0.01% of American Century Companies Inc’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in XRX in the latest quarter, The investment management firm added 28,554 additional shares and now holds a total of 778,664 shares of Xerox Corp which is valued at $7,482,961. Xerox Corp makes up approx 0.07% of Nn Investment Partners Holdings N.v.’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in XRX in the latest quarter, The investment management firm added 145,877 additional shares and now holds a total of 799,026 shares of Xerox Corp which is valued at $7,622,708. Xerox Corp makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.

Xerox Corp closed down -0.1 points or -1.01% at $9.84 with 47,92,090 shares getting traded on Thursday. Post opening the session at $9.95, the shares hit an intraday low of $9.8 and an intraday high of $10 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Investors should note that on Jul 20, 2016, Xerox Corp announced a cash dividend of $0.0775. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 31, 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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