Sigma Planning Corp Boosts Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Sigma Planning Corp grew its position in shares of Xerox Holdings Co. (NYSE:XRX) by 33.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,343 shares of the information technology services provider’s stock after buying an additional 3,329 shares during the period. Sigma Planning Corp’s holdings in Xerox were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Xerox by 10.2% in the 3rd quarter. Vanguard Group Inc. now owns 15,791,263 shares of the information technology services provider’s stock worth $247,765,000 after acquiring an additional 1,464,851 shares in the last quarter. American Century Companies Inc. boosted its stake in Xerox by 520.9% during the 3rd quarter. American Century Companies Inc. now owns 378,129 shares of the information technology services provider’s stock worth $5,933,000 after purchasing an additional 317,233 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in Xerox during the 3rd quarter worth $2,194,000. State of Alaska Department of Revenue boosted its stake in Xerox by 402.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 70,433 shares of the information technology services provider’s stock worth $1,105,000 after purchasing an additional 56,427 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Xerox by 43.6% during the 3rd quarter. Principal Financial Group Inc. now owns 659,221 shares of the information technology services provider’s stock worth $10,343,000 after purchasing an additional 200,124 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on XRX shares. StockNews.com cut shares of Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. lowered their price target on shares of Xerox from $18.00 to $17.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 24th.

Xerox Trading Down 1.3 %

Shares of XRX stock opened at $14.00 on Monday. The company’s 50-day moving average price is $17.23 and its 200-day moving average price is $16.30. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 1.34. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 10.07 and a beta of 1.56. Xerox Holdings Co. has a twelve month low of $12.06 and a twelve month high of $19.78.

Xerox (NYSE:XRX) last issued its quarterly earnings data on Tuesday, April 23rd. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.29). The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the firm posted $0.49 earnings per share. As a group, equities analysts predict that Xerox Holdings Co. will post 2.16 earnings per share for the current year.

Xerox Announces Dividend

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

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.