Invesco Ltd. Acquires 94,779 Shares of Xerox Holdings Co. (NYSE:XRX)

Invesco Ltd. boosted its holdings in Xerox Holdings Co. (NYSE:XRX) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,706,086 shares of the information technology services provider’s stock after acquiring an additional 94,779 shares during the period. Invesco Ltd. owned 1.37% of Xerox worth $14,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Barclays PLC raised its position in shares of Xerox by 55.5% in the third quarter. Barclays PLC now owns 469,106 shares of the information technology services provider’s stock valued at $4,869,000 after purchasing an additional 167,500 shares during the period. Geode Capital Management LLC raised its holdings in Xerox by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,808,775 shares of the information technology services provider’s stock valued at $29,161,000 after acquiring an additional 62,947 shares during the period. Tidal Investments LLC lifted its position in Xerox by 26.1% during the third quarter. Tidal Investments LLC now owns 68,359 shares of the information technology services provider’s stock worth $710,000 after acquiring an additional 14,164 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Xerox by 6.7% during the fourth quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider’s stock worth $9,296,000 after acquiring an additional 69,182 shares during the period. Finally, KBC Group NV grew its position in shares of Xerox by 84.5% in the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 4,224 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Ratings Changes

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

Xerox Stock Up 4.8 %

Shares of XRX opened at $3.95 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. Xerox Holdings Co. has a 12 month low of $3.45 and a 12 month high of $16.77. The firm’s 50 day moving average is $5.72 and its 200-day moving average is $7.89. The stock has a market capitalization of $496.81 million, a PE ratio of -0.37 and a beta of 1.56.

Xerox Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 12.66%. Xerox’s dividend payout ratio (DPR) is presently -4.66%.

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.