What Did This CEO Just Do with Personal Shares of Xerox Corp. (NYSE: XRX)?

By Carrie Williams

Today, the Chairman & CEO of Xerox Corp. (NYSE: XRX), Ursula Burns, sold shares of XRX for $711.5K.

Based on Xerox Corp.’s latest earnings report from June 30, the company posted quarterly revenue of $4.3B and quarterly net profit of $155M. In comparison, last year the company earned revenue of $4.25B and had a GAAP net loss of $34M. XRX’s market cap is $9.3B and the company has a P/E ratio of 15.02. The company has a one year high of $11.39 and a one year low of $8.48.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $10.83, reflecting a -14.0% downside. Five different firms, including Barclays and Morgan Stanley, currently also have a Sell rating on the stock.

The insider sentiment on Xerox Corp. has been neutral according to 35 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Xerox Corp. provides business process and document management solutions. It provides document technology, services, software and supplies for graphic communication and office printing environments of any size. Its operates through three segments: Services, Document Technology, and Other. The Services segment is comprised of business process outsourcing and document outsourcing. The Business process outsourcing 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 Document outsourcing includes managed print services and communication and marketing services. The Document Technology segment includes the sale of products and supplies, as well as the associated technical service and financing of those products which are not related to document outsourcing contracts. The Other segment includes paper sales in developing market countries, wide-format systems, licensing revenue, Global Imaging Systems network integration solutions and non-allocated corporate items, including Other expenses, net. The company was founded in 1906 and is headquartered in Norwalk, CT.