Deason Darwin Opened Huge Xerox Corp Position

March 14, 2018 - By Migdalia James

 Deason Darwin Opened Huge Xerox Corp Position

Investors sentiment increased to 0.12 in 2017 Q3. Its up 0.11, from 0.01 in 2017Q2. It increased, as 10 investors sold Xerox Corporation shares while 7 reduced holdings. 0 funds opened positions while 2 raised stakes. 26.13 million shares or 10.07% less from 29.05 million shares in 2017Q2 were reported.

Focused Wealth Mgmt Incorporated has invested 0% of its portfolio in Xerox Corporation (NYSE:XRX). Dreman Value L L C invested 0.24% of its portfolio in Xerox Corporation (NYSE:XRX). Burney invested in 9,256 shares. Altfest L J And has 0.12% invested in Xerox Corporation (NYSE:XRX) for 7,717 shares. Nelson Roberts Ltd Com reported 100 shares. 856,550 were reported by Polaris Capital Ltd Liability. Eqis Cap Management Inc owns 23,791 shares for 0.04% of their portfolio. Columbia Asset Mngmt holds 0.09% of its portfolio in Xerox Corporation (NYSE:XRX) for 8,536 shares. Moreover, Hanson & Doremus Investment Mgmt has 0.53% invested in Xerox Corporation (NYSE:XRX). Fruth Invest Management invested 0.19% of its portfolio in Xerox Corporation (NYSE:XRX). 1,250 were accumulated by Asset Advsr Corp. Adirondack And Management Inc has 16,883 shares for 0.22% of their portfolio. Wellington Shields & Limited Liability Corporation owns 7,952 shares. Icahn Carl C has invested 3.88% in Xerox Corporation (NYSE:XRX). Cibc Ww Mkts has invested 0.11% in Xerox Corporation (NYSE:XRX).

Since January 31, 2018, it had 0 insider buys, and 2 selling transactions for $44.60 million activity.

The New Deason Darwin Holding in Xerox Corp

Deason Darwin reported SC 13D/A form with the SEC for Xerox Corp. Access it here: 000114420418014601. As reported by Deason Darwin, the filler owns 15.2% or 38,778,428 shares of the Information Technology–company.

Xerox Corp stake is new for [reportingPerson]. Date of activity: March 13, 2018. This shows Deason Darwin’s positive view for Xerox Corp.

Xerox Corp Institutional Sentiment

Filings show 16 investors own Xerox Corp. The ownership in Q3 2017 is low, at 10.26 % of the outstanding shares. This is increased by 2684467. 26126117 were owned by these investors. 0 funds opened new Xerox Corp stakes, 2 increased positions. There were 10 that closed positions and 7 reduced them.

Boltwood Capital Management is an investor bullish on Xerox Corp, owning 11983 shares as of Q3 2017 for 0.26% of its portfolio. Adirondack Research & Management Inc owns 16883 shares or 0.22% of its portfolio. MA Polaris Capital Management Llc have 1.59% of its portfolio for 856550 shares. Further, Hanson & Doremus Investment Management reported stake worth 0.53% of its portfolio. The NY Icahn Carl C owns 24757502 shares. Xerox Corp is 3.88% of its portfolio.

Business Profile

Xerox Corporation is a provider of digital print technology and related solutions. 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 primary offerings span three main areas: Managed Document Services, Workplace Solutions and Graphic Communications. Its Managed Document Services offerings help customers, ranging from small businesses to global enterprises, optimize their printing and related document workflow and business processes. Managed Document Services includes the document outsourcing business, as well as a set of communication and marketing solutions. The Company’s Workplace Solutions and Graphic Communications products and solutions support the work processes of its customers by providing them with printing and communications infrastructure.

SEC Form 13D.

Analysts await Xerox Corporation (NYSE:XRX) to report earnings on April, 24. They expect $0.70 earnings per share, up 16.67 % or $0.10 from last year’s $0.6 per share. XRX’s profit will be $178.27M for 11.01 P/E if the $0.70 EPS becomes a reality. After $1.04 actual earnings per share reported by Xerox Corporation for the previous quarter, Wall Street now forecasts -32.69 % negative EPS growth.

The stock decreased 1.66% or $0.52 during the last trading session, reaching $30.82. About 1.77 million shares traded. Xerox Corporation (NYSE:XRX) has risen 17.43% since March 14, 2017 and is uptrending. It has outperformed by 0.73% the S&P500.

Xerox Corporation provides document management solutions worldwide. The company has market cap of $7.85 billion. The company's Document Technology segment offers desktop monochrome and color printers, multifunction printers, copiers, digital printing presses, and light production devices; and production printing and publishing systems for the graphic communications marketplace and large enterprises. It has a 43.29 P/E ratio. The Company’s Services segment provides document outsourcing services comprising managed print, workflow automation, and communication and marketing services.

Xerox Corporation (NYSE:XRX) Ratings Coverage

Among 14 analysts covering Xerox Corporation (NYSE:XRX), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Xerox Corporation has $40 highest and $8 lowest target. $30.33’s average target is -1.59% below currents $30.82 stock price. Xerox Corporation had 34 analyst reports since July 28, 2015 according to SRatingsIntel. SunTrust initiated the shares of XRX in report on Tuesday, September 13 with “Buy” rating. Brean Capital downgraded the shares of XRX in report on Tuesday, April 26 to “Hold” rating. BMO Capital Markets downgraded the stock to “Hold” rating in Wednesday, January 31 report. The firm has “Buy” rating given on Wednesday, August 2 by Citigroup. The company was upgraded on Tuesday, January 3 by Credit Suisse. The rating was downgraded by Morgan Stanley on Monday, November 7 to “Underweight”. The stock of Xerox Corporation (NYSE:XRX) has “Buy” rating given on Tuesday, January 10 by Goldman Sachs. The company was upgraded on Monday, July 24 by Barclays Capital. The stock of Xerox Corporation (NYSE:XRX) has “Sell” rating given on Wednesday, September 2 by Zacks. The rating was maintained by Credit Suisse on Tuesday, April 26 with “Neutral”.

More notable recent Xerox Corporation (NYSE:XRX) news were published by: which released: “TIMELINE-Icahn and Deason’s fight with Xerox” on March 02, 2018, also with their article: “Icahn Hires Tech Executive to Prepare for Proxy Fight With Xerox” published on March 14, 2018, published: “Defense for Richard Wilbern, accused of 2003 Xerox homicide, challenges …” on March 02, 2018. More interesting news about Xerox Corporation (NYSE:XRX) were released by: and their article: “Activist Deason seeks to nominate new Xerox board” published on February 26, 2018 as well as‘s news article titled: “Here’s Why Xerox Corp. Shares Fell 11% Last Month” with publication date: March 09, 2018.

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