Xerox Holdings Co. (NYSE:XRX) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 74.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,902 shares of the information technology services provider’s stock after purchasing an additional 6,369 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Xerox were worth $273,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of XRX. FNY Investment Advisers LLC acquired a new stake in shares of Xerox in the 4th quarter worth about $25,000. Hexagon Capital Partners LLC increased its holdings in shares of Xerox by 87.2% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,627 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 758 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Xerox by 1,733.2% in the 4th quarter. International Assets Investment Management LLC now owns 4,583 shares of the information technology services provider’s stock worth $84,000 after acquiring an additional 4,333 shares during the period. C M Bidwell & Associates Ltd. increased its holdings in shares of Xerox by 5,572.3% in the 3rd quarter. C M Bidwell & Associates Ltd. now owns 8,395 shares of the information technology services provider’s stock worth $132,000 after acquiring an additional 8,247 shares during the period. Finally, CI Investments Inc. acquired a new stake in shares of Xerox in the 3rd quarter worth about $149,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Xerox Stock Down 1.3 %

Xerox stock opened at $14.00 on Friday. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -8.92 and a beta of 1.56. The company has a current ratio of 1.37, a quick ratio of 0.91 and a debt-to-equity ratio of 1.34. The company’s 50-day moving average price is $17.23 and its two-hundred day moving average price is $16.29. Xerox Holdings Co. has a 52 week low of $12.06 and a 52 week high of $19.78.

Xerox (NYSE:XRX) last released its earnings results on Tuesday, April 23rd. The information technology services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.29). The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.53 billion. Xerox had a negative net margin of 2.74% and a positive return on equity of 7.77%. The firm’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. On average, analysts expect that Xerox Holdings Co. will post 2.21 EPS for the current fiscal year.

Xerox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 7.14%. Xerox’s dividend payout ratio (DPR) is -63.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on XRX shares. JPMorgan Chase & Co. dropped their price objective on shares of Xerox from $18.00 to $17.00 and set an “underweight” rating on the stock in a report on Wednesday. StockNews.com cut shares of Xerox from a “buy” rating to a “hold” rating in a report on Wednesday.

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.