Xerox Holdings Co. (NYSE:XRX) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its stake in Xerox Holdings Co. (NYSE:XRX) by 36.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,004 shares of the information technology services provider’s stock after selling 19,156 shares during the period. Asset Management One Co. Ltd.’s holdings in Xerox were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in Xerox in the 4th quarter worth approximately $25,000. Hexagon Capital Partners LLC lifted its stake in Xerox by 87.2% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,627 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 758 shares during the period. Quarry LP acquired a new stake in Xerox during the 1st quarter valued at approximately $29,000. Captrust Financial Advisors lifted its stake in Xerox by 34.7% during the 1st quarter. Captrust Financial Advisors now owns 5,521 shares of the information technology services provider’s stock valued at $113,000 after acquiring an additional 1,422 shares during the period. Finally, Atlas Capital Advisors LLC lifted its stake in Xerox by 3,009.5% during the 2nd quarter. Atlas Capital Advisors LLC now owns 6,219 shares of the information technology services provider’s stock valued at $92,000 after acquiring an additional 6,019 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Xerox Stock Performance

Shares of NYSE XRX opened at $16.85 on Friday. The company’s fifty day moving average price is $17.80 and its 200 day moving average price is $16.28. Xerox Holdings Co. has a 1 year low of $12.06 and a 1 year high of $19.78. The company has a market capitalization of $2.09 billion, a PE ratio of -84.25 and a beta of 1.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.91 and a current ratio of 1.14.

Xerox (NYSE:XRX) last announced its quarterly earnings results on Thursday, January 25th. The information technology services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.09). Xerox had a return on equity of 9.41% and a net margin of 0.01%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the company posted $0.89 earnings per share. The business’s quarterly revenue was down 8.8% on a year-over-year basis. On average, research analysts predict that Xerox Holdings Co. will post 2.27 earnings per share for the current year.

Xerox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Wednesday, March 27th. Xerox’s dividend payout ratio (DPR) is presently -500.00%.

Wall Street Analyst Weigh In

XRX has been the subject of several research reports. StockNews.com cut shares of Xerox from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Xerox from $16.00 to $18.00 and gave the company an “underweight” rating in a research note on Friday, January 26th.

Xerox Company Profile

Xerox Holdings Corporation, together with its subsidiaries, operates as a workplace technology company that integrates hardware, services, and software for enterprises in the Americas, Europe, the Middle East, Africa, India, and internationally. The company operates through two segments, Print and Other; and FITTLE.