Xerox Corp (NYSE:XRX) saw its price target getting raised by analysts at Brean Capital last week on the back of better than expected earnings reported in 1Q14 by the tech major. The new price recommended is $15 as against the previous PT of $13. The increase comes on the back of a sustained push by the tech firm to increase its revenue stream from the services part of its business in tandem with monetizing its other business segments effectively to increase its earnings per share over the next few quarters. Xerox Corp (NYSE:XRX) shares after opening at $12.03 moved to $12.17 on last trade day and at the end of the day closed at $12.03. Company price to sales ratio in past twelve months was calculated as 0.66 and price to cash ratio as 8.96. Xerox Corp (NYSE:XRX) showed a positive weekly performance of 2.47%.
Shares of NCR Corporation (NYSE:NCR) have earned an average recommendation of “Buy” from the nine ratings firms that are covering the company, Analyst Ratings Network reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. NCR Corporation (NYSE:NCR) shares fell -0.82% in last trading session and ended the day on $30.25. NCR return on equity ratio is recorded as 26.50% and its return on assets is 5.70%. NCR Corporation (NYSE:NCR) yearly performance is 4.09%.
International Business Machines Corp. (NYSE:IBM) took advantage of its relatively low stock price during the first quarter – its shares generally traded below a forward PE ratio of 11 during the period – to make its biggest quarterly stock buyback since the financial crisis. International Business Machines Corp. (NYSE:IBM) shares moved down -1.08% in last trading session and was closed at $191.44 while trading in range of $191.25 – $193.84 – International Business Machines Corp. (NYSE:IBM) year to date (YTD) performance is 2.62%.
ServiceNow Inc (NYSE:NOW) the enterprise IT cloud company, announced ServiceNow Share, an online exchange where customers and partners can upload and download applications and development content. Share users can leverage ideas from others in the community and do not have to rebuild similar functionality from scratch. Application creation and service delivery can be accelerated to meet the needs of the business. ServiceNow Inc (NYSE:NOW) weekly performance is 8.36%. On last trading day company shares ended up $51.18. ServiceNow Inc (NYSE:NOW) distance from 50-day simple moving average (SMA50) is -14.68%. Analysts mean target price for the company is $69.76.