JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Xerox Corp (NYSE:XRX) in a research note published on Saturday morning, Analyst Ratings Network.com reports.

Xerox Corp (NYSE:XRX) traded up 5.63% during trading on Friday, hitting $9.75. The stock had a trading volume of 21,598,817 shares. The firm’s 50-day moving average price is $9.85 and its 200-day moving average price is $10.23. Xerox Corp has a 52-week low of $8.48 and a 52-week high of $14.02. The company has a market cap of $9.87 billion and a price-to-earnings ratio of 31.76.

Xerox Corp (NYSE:XRX) last posted its quarterly earnings data on Friday, January 29th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The firm earned $4.65 billion during the quarter, compared to analyst estimates of $4.73 billion. Analysts predict that Xerox Corp will post $1.00 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Thursday, March 31st will be given a dividend of $0.0775 per share. This represents a $0.31 annualized dividend and a dividend yield of 3.18%. This is a boost from Xerox Corp’s previous quarterly dividend of $0.07.

Several hedge funds have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors raised its stake in Xerox Corp by 6.2% in the fourth quarter. Nationwide Fund Advisors now owns 3,520,783 shares of the company’s stock valued at $37,426,000 after buying an additional 204,640 shares during the last quarter. Gargoyle Investment Advisor L.L.C. purchased a new stake in shares of Xerox Corp during the fourth quarter worth about $2,098,000. Mizuho Securities USA Inc. purchased a new stake in shares of Xerox Corp during the fourth quarter worth about $1,349,000. Denali Advisors raised its stake in shares of Xerox Corp by 91.8% in the fourth quarter. Denali Advisors now owns 202,000 shares of the company’s stock worth $2,147,000 after buying an additional 96,700 shares during the last quarter. Finally, Capstone Asset Management Company raised its stake in shares of Xerox Corp by 53.4% in the fourth quarter. Capstone Asset Management Company now owns 191,830 shares of the company’s stock worth $2,039,000 after buying an additional 66,765 shares during the last quarter.

Other equities research analysts have also recently issued reports about the company. Brean Capital reiterated a buy rating and issued a $12.00 price objective (down from $13.20) on shares of Xerox Corp in a report on Tuesday, October 27th. Piper Jaffray reiterated a buy rating and issued a $15.00 price objective on shares of Xerox Corp in a report on Wednesday, December 23rd. Credit Suisse reiterated a hold rating and issued a $10.00 price objective on shares of Xerox Corp in a report on Tuesday, November 24th. Zacks Investment Research upgraded Xerox Corp from a sell rating to a hold rating in a report on Sunday, November 22nd. Finally, BMO Capital Markets reiterated a hold rating and issued a $11.00 price objective on shares of Xerox Corp in a report on Tuesday, October 27th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Xerox Corp currently has a consensus rating of Hold and a consensus target price of $11.89.

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 (NYSE:XRX), 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.

12 Month Chart for NYSE:XRX

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