Top 10 Stocks With Big Insider Buying, Buybacks

And finally we have Xerox(XRX Quote) making this week's portfolio. The office equipment maker added $1 billion to its current buyback plan, which has $370 million remaining.

Since launching its buyback program in October 2005, the Stamford, Conn., company has repurchased 137 million shares, representing 13% of outstanding shares.

In the fourth quarter, reported last week, Xerox's profit skyrocketed 79% on a combination of cost control and growth in equipment business. Revenue rose to $4.88 billion from $4.38 billion. However, the company's outlook for the current quarter came in below expectations.

Crossroad Research wrote a bullish report on Xerox and reiterated a buy rating. They believe "Xerox' strong product portfolio growing installed base (and page volume) and strong cash flow provides upside opportunity for earnings."

We also like to see that one of the largest hedge funds in the game, Dodge & Cox, is into Xerox stock. The $100 billion fund recently increased its positions in Motorola(MOT Quote) and GlaxoSmithKline(GSK Quote).

LSV Asset Management is another noteworthy fund that likes Xerox. This five-star Morningstar-rated fund also holds Verizon(VZ Quote) and IBM(IBM Quote).

So with Xerox, we have a buyback, strong earnings, a buy rating and two famous investors in the stock. It may be time to do some homework on Xerox.

To see the rest of this week's picks, check out Stockpickr's Top 10 Insider Purchases and Buybacks portfolio.

• Top 10 Insider Purchases and Buybacks XXVIII
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• Top 10 Insider Purchases and Buybacks XXX
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You can also review Barron's Top Insider Purchases from the prior week as well as Cramer's "Mad Money" Buybacks.