Quadrature Capital Ltd Grows Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Quadrature Capital Ltd grew its position in Xerox Holdings Co. (NYSE:XRX – Get Rating) by 85.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,463 shares of the information technology services provider’s stock after acquiring an additional 14,498 shares during the quarter. Quadrature Capital Ltd’s holdings in Xerox were worth $412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Marathon Capital Management raised its stake in shares of Xerox by 0.5% in the third quarter. Marathon Capital Management now owns 202,186 shares of the information technology services provider’s stock valued at $2,645,000 after acquiring an additional 926 shares during the period. Crossmark Global Holdings Inc. increased its stake in Xerox by 1.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 64,790 shares of the information technology services provider’s stock worth $847,000 after buying an additional 1,190 shares during the period. Captrust Financial Advisors increased its stake in Xerox by 34.7% in the 1st quarter. Captrust Financial Advisors now owns 5,521 shares of the information technology services provider’s stock worth $113,000 after buying an additional 1,422 shares during the period. ARK Investment Management LLC increased its stake in Xerox by 10.8% in the 3rd quarter. ARK Investment Management LLC now owns 16,080 shares of the information technology services provider’s stock worth $210,000 after buying an additional 1,571 shares during the period. Finally, US Bancorp DE increased its stake in Xerox by 24.4% in the 1st quarter. US Bancorp DE now owns 8,232 shares of the information technology services provider’s stock worth $167,000 after buying an additional 1,615 shares during the period. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on XRX. TheStreet raised shares of Xerox from a “d+” rating to a “c-” rating in a research note on Wednesday, February 1st. Loop Capital raised their price target on shares of Xerox from $15.00 to $17.00 in a research note on Monday, January 30th. Finally, StockNews.com raised shares of Xerox from a “hold” rating to a “buy” rating in a research note on Tuesday, January 31st. Four research analysts have rated the stock with a sell rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Xerox has a consensus rating of “Reduce” and a consensus price target of $13.00.

Xerox Stock Down 3.2 %

Shares of Xerox stock opened at $15.58 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 0.99. Xerox Holdings Co. has a 1 year low of $11.80 and a 1 year high of $20.99. The firm’s 50-day moving average is $16.52 and its two-hundred day moving average is $15.71. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 14.29 and a beta of 1.68.

Xerox (NYSE:XRX – Get Rating) last issued its earnings results on Thursday, January 26th. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.35. Xerox had a negative net margin of 4.53% and a positive return on equity of 5.15%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the business earned $0.34 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, research analysts expect that Xerox Holdings Co. will post 1.21 earnings per share for the current fiscal year.

Xerox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Friday, March 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date is Thursday, March 30th. Xerox’s dividend payout ratio is currently -46.08%.

About Xerox

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Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the United States, Europe, Canada, and internationally. It offers workplace solutions, including desktop monochrome, and color and multifunction printers; digital printing presses and light production devices, and solutions; and digital services that leverage workflow automation, personalization and communication software, content management solutions, and digitization services.