Nisa Investment Advisors LLC Has $885,000 Stock Position in Xerox Holdings Co. (NYSE:XRX)

Nisa Investment Advisors LLC grew its stake in Xerox Holdings Co. (NYSE:XRX) by 49.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,257 shares of the information technology services provider’s stock after buying an additional 15,920 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Xerox were worth $885,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new position in Xerox in the 4th quarter worth $25,000. Hexagon Capital Partners LLC lifted its holdings in shares of Xerox by 87.2% in the third quarter. Hexagon Capital Partners LLC now owns 1,627 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 758 shares in the last quarter. Quarry LP acquired a new position in shares of Xerox during the first quarter worth about $29,000. International Assets Investment Management LLC grew its holdings in shares of Xerox by 1,733.2% during the fourth quarter. International Assets Investment Management LLC now owns 4,583 shares of the information technology services provider’s stock worth $84,000 after buying an additional 4,333 shares in the last quarter. Finally, Captrust Financial Advisors raised its position 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 valued at $113,000 after buying an additional 1,422 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

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

Xerox Stock Performance

XRX opened at $16.37 on Tuesday. The business’s 50-day simple moving average is $17.78 and its 200 day simple moving average is $16.29. Xerox Holdings Co. has a 52-week low of $12.06 and a 52-week high of $19.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.91 and a current ratio of 1.14. The firm has a market capitalization of $2.03 billion, a PE ratio of 9.26 and a beta of 1.56.

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

Xerox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.11%. The ex-dividend date is Wednesday, March 27th. Xerox’s dividend payout ratio (DPR) is currently -500.00%.

About Xerox

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.