O Shaughnessy Asset Management LLC Cuts Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

O Shaughnessy Asset Management LLC reduced its position in Xerox Holdings Co. (NYSE:XRX) by 30.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,769 shares of the information technology services provider’s stock after selling 6,392 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Xerox were worth $125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XRX. Victory Capital Management Inc. boosted its holdings in shares of Xerox by 164.8% during the 4th quarter. Victory Capital Management Inc. now owns 546,536 shares of the information technology services provider’s stock valued at $4,607,000 after acquiring an additional 340,168 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Xerox by 60.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 540,109 shares of the information technology services provider’s stock valued at $4,467,000 after purchasing an additional 202,987 shares during the period. Vanguard Group Inc. boosted its holdings in Xerox by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 15,763,679 shares of the information technology services provider’s stock worth $132,888,000 after purchasing an additional 199,598 shares during the last quarter. Norges Bank bought a new stake in Xerox in the 4th quarter worth approximately $1,632,000. Finally, Barclays PLC raised its stake in Xerox by 55.5% during the 3rd quarter. Barclays PLC now owns 469,106 shares of the information technology services provider’s stock valued at $4,869,000 after buying an additional 167,500 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Xerox Stock Down 2.0 %

XRX opened at $3.88 on Tuesday. Xerox Holdings Co. has a 1-year low of $3.45 and a 1-year high of $16.96. The firm’s 50 day simple moving average is $6.06 and its two-hundred day simple moving average is $8.07. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $486.09 million, a PE ratio of -0.36 and a beta of 1.56.

Xerox Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 annualized dividend and a yield of 12.89%. Xerox’s dividend payout ratio (DPR) is presently -4.66%.

Analyst Ratings Changes

Separately, StockNews.com cut Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $9.50.

Xerox 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.