Xerox Corporation (NYSE:XRX) has seen an increase in enthusiasm from smart money lately.
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Now, it’s important to take a glance at the recent action regarding Xerox Corporation (NYSE:XRX).
What does the smart money think about Xerox Corporation (NYSE:XRX)?
At Q1’s end, a total of 39 of the hedge funds we track were long in this stock, a change of 3% from the first quarter.
As aggregate interest increased, some big names were breaking ground themselves. First Pacific Advisors LLC, managed by Robert Rodriguez and Steven Romick, assembled the largest position in Xerox Corporation (NYSE:XRX). First Pacific Advisors LLC had 83.1 million invested in the company at the end of the quarter. Robert Emil Zoellner’s Alpine Associates also initiated a $28.3 million position during the quarter. The following funds were also among the new XRX investors: James Dondero’s Highland Capital Management, Douglas W. Case’s Advanced Investment Partners, and Louis Bacon’s Moore Global Investments.
Insider trading activity in Xerox Corporation (NYSE:XRX)
Bullish insider trading is particularly usable when the company we’re looking at has seen transactions within the past half-year. Over the latest half-year time period, Xerox Corporation (NYSE:XRX) has experienced zero unique insiders purchasing, and 6 insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to Xerox Corporation (NYSE:XRX). These stocks are Wipro Limited (ADR) (NYSE:WIT), ServiceNow Inc (NYSE:NOW), Gartner Inc (NYSE:IT), Rackspace Hosting, Inc. (NYSE:RAX), and Computer Sciences Corporation (NYSE:CSC). This group of stocks belong to the information technology services industry and their market caps are closest to XRX’s market cap.