Xerox Corporation (NYSE:XRX) [Trend Analysis] moved up reacts as active mover, shares an advance 1.94% to traded at $9.48 and the percentage gap between open changing to regular change was 0.22%. Xerox (XRX) released that long-term financial model as a standalone company, as it expects to complete the separation of Conduent Incorporated on Dec. 31, 2016. The new Xerox expects to: expand operating margins to be in the range of 12.5 – 14.5 percent in the near term by delivering at least $1.5 billion cumulative gross productivity and cost savings by 2018 from its strategic transformation program; and increase contribution from strategic growth areas to 50 percent of total company income by 2020 and to outperform the market over the long term.
Xerox also provided details on its business strategy. The company continues to drive its three-year strategic transformation program to deliver at least $1.5 billion in productivity gains and cost savings for the standalone entity. Xerox will invest in areas of strength and growth such as document outsourcing and color production, and will execute strategies to increase its participation in underpenetrated markets, including small- and medium-sized businesses.
As a result, the company will shift its income mix toward growing markets to increasingly offset declines in mature areas. The firm’s current ratio calculated as 1.20 for the most recent quarter. The firm past twelve months price to sales ratio was 0.55 and price to cash ratio remained 6.72. As far as the returns are concern, the return on equity was recorded as 6.70% and return on investment was 3.70% while its return on asset stayed at 2.50%. The firm has total debt to equity ratio measured as 0.80.
Model N, Inc. (NYSE:MODN) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it remains unchanged to close at $9.00 with the total traded volume of 60371 shares. The BOD of LightPath Technologies, Inc. (NASDAQ:LPTH) released that stockholders accepted a proposal for the Company to issue common stock in connection with the planned acquisition of ISP Optics Corporation at a special stockholder meeting held yesterday for such purpose. LightPath previously released the signing of a definitive agreement to acquire ISP for $18 million, of which at least $12 million will be payable in cash with the balance in the form of a note issued to the sellers.
“We are gratified for the strong stockholder support for the acquisition of ISP indicated by the vote held yesterday as we look to complete the acquisition by month end,” said Jim Gaynor, President and Chief Executive Officer of LightPath.
Mr. Gaynor went on to say, “LightPath’s management team and Board of Directors unanimously supported the acquisition and we expect ISP to be a transformative addition to our business. As reflected in our combined pro forma income statement included in the proxy statement for yesterday’s meeting, the pro forma incomes and operating income of the combined company for fiscal 2016 are 171% and 148% higher than the incomes and operating income of LightPath on its own.” The firm has institutional ownership of 67.50%, while insider ownership included 9.40%. Its price to sales ratio ended at 2.35. MODN attains analyst recommendation of 2.60 with week performance of 0.56%.