LPL Financial LLC Raises Holdings in Xerox Holdings Co. (NYSE:XRX)

LPL Financial LLC lifted its holdings in Xerox Holdings Co. (NYSE:XRX) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,064 shares of the information technology services provider’s stock after buying an additional 8,837 shares during the quarter. LPL Financial LLC owned 0.06% of Xerox worth $650,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Yousif Capital Management LLC boosted its holdings in Xerox by 2.8% during the fourth quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider’s stock worth $454,000 after buying an additional 1,486 shares in the last quarter. Picton Mahoney Asset Management increased its position in shares of Xerox by 330.5% in the fourth quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 2,885 shares in the last quarter. KBC Group NV grew its stake in Xerox by 84.5% in the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock valued at $78,000 after acquiring an additional 4,224 shares during the last quarter. AlphaQuest LLC increased its holdings in Xerox by 25.9% during the 4th quarter. AlphaQuest LLC now owns 23,718 shares of the information technology services provider’s stock valued at $200,000 after acquiring an additional 4,882 shares in the last quarter. Finally, Marathon Trading Investment Management LLC purchased a new stake in shares of Xerox in the fourth quarter valued at about $84,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Xerox Stock Performance

NYSE:XRX opened at $4.13 on Thursday. Xerox Holdings Co. has a 1-year low of $3.45 and a 1-year high of $14.81. The firm has a 50 day simple moving average of $5.49 and a 200-day simple moving average of $7.79. The firm has a market cap of $519.45 million, a PE ratio of -0.38 and a beta of 1.56. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84.

Xerox Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 12.11%. 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 report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $9.50.

About Xerox

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.