Xerox acquires Groupe CT for undisclosed term

  • Xerox (X +4.1%) has acquired Groupe CT, an independent document management provider in Eastern Canada.
  • "We're continuing to grow our presence in the North America small and midsize business (SMB) market," said Mike Feldman, president of Americas Operations and Global Document Services, Xerox . "With Groupe CT's document management services expertise and leadership combined with our portfolio of workplace solutions, we're well placed to serve SMBs focused on accelerating a digital transformation roadmap."
  • This is the company's second acquisition targeting the Canadian SMB market, in March 2020, the company has purchased Digitex, independent services, software, and technology provider in Western Canada.
  • Terms of the transaction were not disclosed.

    For this year the company, based in Norwalk revenue will be around 7.23 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2020's revenue of 7.02 billion USD.

    Historical revenues and results Xerox plus estimates 2020


    The analysts expect for 2021 a net profit of 350 million USD. For this year the consensus of the result per share is a profit of 1.88 USD. Based on this the price/earnings-ratio is 13.04.

    Huge dividend Xerox

    For this year most of the analysts expect a dividend of 1.01 USD per share. Thus the dividend yield equals 4.12 percent. The average dividend yield of the hardware & equipment companies equals an attractive 1.61 percent.

    Based on the current number of shares Xerox 's market capitalization equals 5.21 billion USD. The Xerox stock was the past 12 months quite volatile. Since last April the stock is even 34 percent higher. This year the stock price moved between 14 and 27 dollar.

    Historical stock prices Xerox2007-2021

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    On Wednesday, the stock closed at 24.52 USD. Nieuwsdienst: +31 084-0032-842

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