Xerox Holdings Co. (NYSE:XRX) Position Boosted by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC increased its stake in shares of Xerox Holdings Co. (NYSE:XRXFree Report) by 60.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,741 shares of the information technology services provider’s stock after purchasing an additional 9,298 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Xerox were worth $443,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC raised its holdings in shares of Xerox by 1.3% during the fourth quarter. SummerHaven Investment Management LLC now owns 45,742 shares of the information technology services provider’s stock worth $838,000 after acquiring an additional 597 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Xerox by 1.0% in the 4th quarter. Yousif Capital Management LLC now owns 64,642 shares of the information technology services provider’s stock valued at $1,185,000 after buying an additional 615 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in Xerox by 38.7% in the fourth quarter. Hexagon Capital Partners LLC now owns 2,257 shares of the information technology services provider’s stock worth $41,000 after buying an additional 630 shares during the last quarter. Arden Trust Co raised its position in Xerox by 1.8% during the fourth quarter. Arden Trust Co now owns 36,561 shares of the information technology services provider’s stock valued at $670,000 after acquiring an additional 661 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in Xerox by 7.1% in the fourth quarter. Diversified Trust Co now owns 20,497 shares of the information technology services provider’s stock valued at $376,000 after acquiring an additional 1,352 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Xerox Stock Performance

Shares of XRX opened at $11.10 on Tuesday. The company has a market capitalization of $1.38 billion, a PE ratio of -7.07 and a beta of 1.58. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.37 and a quick ratio of 1.07. Xerox Holdings Co. has a one year low of $11.09 and a one year high of $19.78. The company’s fifty day moving average price is $13.36 and its 200 day moving average price is $15.96.

Xerox (NYSE:XRXGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The information technology services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.29). The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.53 billion. Xerox had a positive return on equity of 7.77% and a negative net margin of 2.74%. Xerox’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. As a group, analysts expect that Xerox Holdings Co. will post 2.05 earnings per share for the current year.

Xerox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.01%. The ex-dividend date is Friday, June 28th. Xerox’s dividend payout ratio (DPR) is currently -63.69%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XRX. StockNews.com upgraded shares of Xerox from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Citigroup began coverage on Xerox in a research report on Friday, June 28th. They issued a “sell” rating and a $11.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price objective 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 Research Report on Xerox

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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