Deutsche Bank AG Grows Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Deutsche Bank AG lifted its position in Xerox Holdings Co. (NYSE:XRX) by 103.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 138,852 shares of the information technology services provider’s stock after buying an additional 70,724 shares during the quarter. Deutsche Bank AG owned approximately 0.11% of Xerox worth $1,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of XRX. Marshall Wace LLP grew its position in Xerox by 397.5% in the 4th quarter. Marshall Wace LLP now owns 1,378,215 shares of the information technology services provider’s stock valued at $11,618,000 after acquiring an additional 1,101,171 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Xerox in the fourth quarter valued at approximately $4,101,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Xerox in the fourth quarter valued at approximately $3,067,000. Victory Capital Management Inc. grew its holdings in shares of Xerox by 164.8% in the fourth quarter. Victory Capital Management Inc. now owns 546,536 shares of the information technology services provider’s stock valued at $4,607,000 after purchasing an additional 340,168 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Xerox by 47.5% during the 4th quarter. First Trust Advisors LP now owns 990,120 shares of the information technology services provider’s stock worth $8,347,000 after buying an additional 318,750 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

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

Xerox Price Performance

Shares of NYSE XRX opened at $4.49 on Monday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84. The company has a market cap of $564.80 million, a price-to-earnings ratio of -0.42 and a beta of 1.75. The stock’s 50-day moving average is $4.74 and its two-hundred day moving average is $7.05. Xerox Holdings Co. has a 1-year low of $3.45 and a 1-year high of $14.81.

Xerox (NYSE:XRX) last announced its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. Analysts forecast that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

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.