Xerox Holdings Co. (NYSE:XRX) Stock Holdings Lowered by Swiss National Bank

Swiss National Bank reduced its holdings in Xerox Holdings Co. (NYSE:XRX) by 10.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,900 shares of the information technology services provider’s stock after selling 29,800 shares during the quarter. Swiss National Bank owned 0.16% of Xerox worth $3,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in shares of Xerox by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,067 shares of the information technology services provider’s stock worth $220,000 after purchasing an additional 611 shares in the last quarter. Strs Ohio raised its holdings in shares of Xerox by 1.5% in the 1st quarter. Strs Ohio now owns 55,200 shares of the information technology services provider’s stock worth $850,000 after purchasing an additional 800 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Xerox by 2.7% in the 1st quarter. Arizona State Retirement System now owns 33,815 shares of the information technology services provider’s stock worth $521,000 after purchasing an additional 892 shares in the last quarter. Versor Investments LP increased its position in shares of Xerox by 6.2% in the first quarter. Versor Investments LP now owns 15,500 shares of the information technology services provider’s stock worth $239,000 after acquiring an additional 900 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Xerox by 0.7% in the fourth quarter. Retirement Systems of Alabama now owns 147,664 shares of the information technology services provider’s stock worth $2,156,000 after acquiring an additional 1,021 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors.

Xerox Stock Performance

Shares of XRX opened at $16.48 on Friday. The company’s 50 day moving average price is $15.50 and its 200 day moving average price is $15.22. Xerox Holdings Co. has a 52 week low of $11.80 and a 52 week high of $18.00. The company has a market capitalization of $2.59 billion, a PE ratio of -9.58 and a beta of 1.68. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 1.15.

Xerox (NYSE:XRX) last announced its quarterly earnings data on Tuesday, July 25th. The information technology services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.12. Xerox had a negative net margin of 3.52% and a positive return on equity of 9.89%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. Research analysts expect that Xerox Holdings Co. will post 1.7 EPS for the current fiscal year.

Xerox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.07%. The ex-dividend date is Thursday, September 28th. Xerox’s dividend payout ratio is -58.14%.

Insiders Place Their Bets

In other Xerox news, EVP Suzan Morno-Wade sold 5,980 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $16.00, for a total value of $95,680.00. Following the completion of the sale, the executive vice president now directly owns 55,449 shares of the company’s stock, valued at $887,184. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Xerox in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.75.

About Xerox

Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the Americas, Europe, the Middle East, Africa, India, 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.