Robert Zapfel, Executive Vice President at Xerox Corp (NYSE:XRX), purchased 40,000 shares of Common Stock, directly, for a weighted average price of $12.93 per share. This is the insider’s first stock acquisition at the $15.4 billion market cap service and technology provider. While Zapfel is the first employee to purchase stock at Xerox since 2008, this quarter showed several active insider’s in terms of stock dispositions.
Last Tuesday, the company’s Executive Vice President and General Counsel, Don Liu, unloaded 20,000 shares of Common Stock for a price of $13.10 per share, completing his third disposition of the fiscal year so far.
On another note, last quarter showed a diverse panorama amongst hedge funds. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital increased its stakes in the firm by 58%, boosting the hedge fund’s shares to 7.93 million, worth $89.6 million, while Cliff Asness’s Aqr Capital Management decreased the firm’s portfolio participation by 21% and now holds 4.34 million Xerox shares, worth $49 million.