Xerox Holdings Co. (NYSE:XRX) Stake Cut by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC decreased its holdings in shares of Xerox Holdings Co. (NYSE:XRXFree Report) by 53.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,443 shares of the information technology services provider’s stock after selling 17,402 shares during the period. Capstone Investment Advisors LLC’s holdings in Xerox were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Xerox by 10.2% during the 3rd quarter. Vanguard Group Inc. now owns 15,791,263 shares of the information technology services provider’s stock valued at $247,765,000 after buying an additional 1,464,851 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Xerox by 43.0% during the third quarter. AQR Capital Management LLC now owns 1,766,610 shares of the information technology services provider’s stock valued at $27,718,000 after purchasing an additional 531,173 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Xerox by 10.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,587,041 shares of the information technology services provider’s stock worth $29,090,000 after purchasing an additional 153,144 shares during the period. Invesco Ltd. lifted its holdings in shares of Xerox by 65.2% in the 3rd quarter. Invesco Ltd. now owns 1,281,942 shares of the information technology services provider’s stock worth $20,114,000 after purchasing an additional 506,117 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Xerox by 1.5% during the 4th quarter. Allianz Asset Management GmbH now owns 1,044,971 shares of the information technology services provider’s stock valued at $19,154,000 after purchasing an additional 15,408 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Xerox Trading Up 1.8 %

NYSE:XRX opened at $14.06 on Monday. Xerox Holdings Co. has a 1 year low of $12.06 and a 1 year high of $19.78. The business has a fifty day moving average of $15.21 and a 200-day moving average of $16.35. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.07 and a current ratio of 1.37. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 10.11 and a beta of 1.63.

Xerox (NYSE:XRXGet Free Report) 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. Equities analysts predict that Xerox Holdings Co. will post 2.09 earnings per share for the current year.

Xerox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 7.11%. The ex-dividend date of this dividend is Friday, June 28th. Xerox’s dividend payout ratio (DPR) is presently -63.69%.

Wall Street Analyst Weigh In

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

Get Our Latest Report on XRX

Xerox Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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