Nuveen Asset Management LLC Purchases 60,283 Shares of Xerox Holdings Co. (NYSE:XRX)

Nuveen Asset Management LLC lifted its position in shares of Xerox Holdings Co. (NYSE:XRX) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 997,349 shares of the information technology services provider’s stock after purchasing an additional 60,283 shares during the period. Nuveen Asset Management LLC owned 0.80% of Xerox worth $8,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Occudo Quantitative Strategies LP bought a new position in Xerox during the 4th quarter worth $87,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Xerox by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,209 shares of the information technology services provider’s stock worth $558,000 after acquiring an additional 2,320 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Xerox during the 4th quarter worth $835,000. Gotham Asset Management LLC bought a new position in Xerox during the 4th quarter worth $525,000. Finally, Graham Capital Management L.P. bought a new position in Xerox during the 4th quarter worth $752,000. Institutional investors own 85.36% of the company’s stock.

Xerox Trading Down 0.8%

Shares of XRX stock opened at $4.80 on Thursday. The stock’s fifty day moving average price is $4.69 and its two-hundred day moving average price is $6.99. The company has a market cap of $603.79 million, a PE ratio of -0.45 and a beta of 1.75. Xerox Holdings Co. has a fifty-two week low of $3.45 and a fifty-two week high of $14.81. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11.

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

Insider Buying and Selling at Xerox

In other news, CEO Steven John Bandrowczak acquired 22,300 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $4.48 per share, with a total value of $99,904.00. Following the acquisition, the chief executive officer now directly owns 382,442 shares in the company, valued at $1,713,340.16. The trade was a 6.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO John G. Bruno acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average cost of $4.38 per share, for a total transaction of $109,500.00. Following the acquisition, the chief operating officer now owns 259,775 shares in the company, valued at $1,137,814.50. This represents a 10.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 82,300 shares of company stock valued at $364,254. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Xerox from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, 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.