Icahn Carl C buys $902,523,710 stake in Xerox Corp (XRX)

Xerox Corp (XRX) : Icahn Carl C scooped up 5,940,871 additional shares in Xerox Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 92,377,043 shares of Xerox Corp which is valued at $902,523,710.Xerox Corp makes up approximately 4.54% of Icahn Carl C’s portfolio.

Other Hedge Funds, Including , Element Capital Management boosted its stake in XRX in the latest quarter, The investment management firm added 6,445 additional shares and now holds a total of 36,255 shares of Xerox Corp which is valued at $354,211. Xerox Corp makes up approx 0.05% of Element Capital Management’s portfolio.Advantus Capital Management Inc boosted its stake in XRX in the latest quarter, The investment management firm added 909 additional shares and now holds a total of 92,639 shares of Xerox Corp which is valued at $905,083. Xerox Corp makes up approx 0.03% of Advantus Capital Management Inc’s portfolio.Aberdeen Asset Management Plcuk reduced its stake in XRX by selling 69,319 shares or 4.38% in the most recent quarter. The Hedge Fund company now holds 1,512,374 shares of XRX which is valued at $15,032,998. Xerox Corp makes up approx 0.05% of Aberdeen Asset Management Plcuk’s portfolio.Old Mutual Global Investors (uk) Ltd. boosted its stake in XRX in the latest quarter, The investment management firm added 1,250,757 additional shares and now holds a total of 1,255,355 shares of Xerox Corp which is valued at $12,289,925. Xerox Corp makes up approx 0.22% of Old Mutual Global Investors (uk) Ltd.’s portfolio.

Xerox Corp opened for trading at $9.88 and hit $9.91 on the upside on Thursday, eventually ending the session at $9.87, with a gain of 0.20% or 0.02 points. The heightened volatility saw the trading volume jump to 70,39,904 shares. Company has a market cap of $10,001 M.

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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