Vanguard Group Inc. Raises Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Vanguard Group Inc. boosted its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,763,679 shares of the information technology services provider’s stock after purchasing an additional 199,598 shares during the quarter. Vanguard Group Inc. owned approximately 12.67% of Xerox worth $132,888,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. LPL Financial LLC grew its position in shares of Xerox by 13.0% during the fourth quarter. LPL Financial LLC now owns 77,064 shares of the information technology services provider’s stock worth $650,000 after buying an additional 8,837 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Xerox during the 4th quarter worth $440,000. AXQ Capital LP bought a new stake in shares of Xerox in the 4th quarter worth about $163,000. Virtu Financial LLC acquired a new stake in shares of Xerox in the 4th quarter valued at about $272,000. Finally, Quantbot Technologies LP lifted its position in shares of Xerox by 51.8% during the fourth quarter. Quantbot Technologies LP now owns 303,353 shares of the information technology services provider’s stock worth $2,557,000 after purchasing an additional 103,580 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Xerox Stock Performance

Shares of XRX stock opened at $4.12 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. The business has a 50 day moving average of $6.71 and a two-hundred day moving average of $8.37. The company has a market cap of $516.16 million, a P/E ratio of -0.38 and a beta of 1.56. Xerox Holdings Co. has a 52 week low of $3.71 and a 52 week high of $17.75.

Xerox Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 12.14%. Xerox’s payout ratio is currently -4.66%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Xerox from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $9.50.

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.