Will Xerox’s Steady Progress In Earnings Put These Top Institutional Shareholders In Good Spirits?

Xerox Corp. (NYSE:XRX) reported a fourth quarter earnings per share of $0.3 and revenue of $5.9 billion, beating by $0.01 and $0.02 billion, respectively. The company’s services business increased revenue by 7% while revenue from the document technology business fell 8%. “Strong growth in services and the consistent profitability of our document technology business generated significant operating cash flow and contributed to fourth-quarter earnings that met our expectations,” said Ursula Burns, Xerox chairman and Chief Executive Officer. “Our fourth-quarter results reflect steady progress. We increased our services segment margin by 0.9 points while growing business process outsourcing revenue by 8 percent, IT outsourcing by 15 percent and document outsourcing by 2 percent. In document technology, our fourth-quarter segment margin of 12.3 percent improved, reflecting effective execution in reducing our cost base and maximizing profitability.” For the first quarter in 2013, the company expects adjusted EPS of $0.23 to $0.25 per share and for the year as a whole, adjusted EPS of $1.09-$1.15.

Will Xerox Corp.’s shareholders increase their holdings? They reported owning a total of 20.431 million shares on 12/31/2012. The shares closed at $6.82 on 12/31/2012.

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Here are the ten largest positions in Xerox Corp. at the end of December 31st, 2012.

California Public Employees Retirement System held 3,797,276 shares on 12/31/2012 worth $25,897,423. This brought the portfolio total to 0.06%.

MizuhO Trust & Banking Co. Ltd. held 2,121,815 shares on 12/31/2012 worth $14,470,779. This brought the portfolio total to 0.06%.

Oxford Asset Management held 2,003,305 shares on 12/31/2012 worth $13,662,540. This brought the portfolio total to 0.2%.

Marathon Asset Management LLP. held 1,684,065 shares on 12/31/2012 worth $11,485,324. This brought the portfolio total to 0.26%.

Strs Ohio held 1,167,400 shares on 12/31/2012 worth $7,961,668. This brought the portfolio total to 0.04%.

Chevy Chase Trust Holdings Inc. held 929,796 shares on 12/31/2012 worth $6,341,209. This brought the portfolio total to 0.06%.

Metropolitan Life Insurance Co./NY held 837,065 shares on 12/31/2012 worth $5,708,783. This brought the portfolio total to 0.05%.

Nordea Investment Management AB held 707,816 shares on 12/31/2012 worth $4,827,305. This brought the portfolio total to 0.03%.

Regentatlantic Capital LLC. held 703,658 shares on 12/31/2012 worth $4,798,948. This brought the portfolio total to 0.69%.

Texas Permanent School Fund held 698,910 shares on 12/31/2012 worth $4,766,566. This brought the portfolio total to 0.05%.

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