Cetera Investment Advisers Sells 2,918 Shares of Xerox Holdings Co. (NYSE:XRX)

Cetera Investment Advisers decreased its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,977 shares of the information technology services provider’s stock after selling 2,918 shares during the quarter. Cetera Investment Advisers’ holdings in Xerox were worth $152,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in XRX. Invesco Ltd. lifted its position in shares of Xerox by 5.9% in the 4th quarter. Invesco Ltd. now owns 1,706,086 shares of the information technology services provider’s stock worth $14,382,000 after acquiring an additional 94,779 shares during the period. Vanguard Group Inc. lifted its position in shares of Xerox by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,763,679 shares of the information technology services provider’s stock worth $132,888,000 after acquiring an additional 199,598 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Xerox by 12.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 476,266 shares of the information technology services provider’s stock worth $4,015,000 after acquiring an additional 52,104 shares during the period. Empowered Funds LLC lifted its position in shares of Xerox by 8.2% in the 4th quarter. Empowered Funds LLC now owns 606,748 shares of the information technology services provider’s stock worth $5,115,000 after acquiring an additional 46,212 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Xerox by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,812,102 shares of the information technology services provider’s stock worth $15,276,000 after acquiring an additional 92,495 shares during the period. Institutional investors own 85.36% of the company’s stock.

Xerox Stock Performance

XRX opened at $4.84 on Tuesday. Xerox Holdings Co. has a 52-week low of $3.45 and a 52-week high of $14.81. The firm has a market capitalization of $608.82 million, a PE ratio of -0.45 and a beta of 1.75. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The business’s 50-day simple moving average is $4.66 and its 200 day simple moving average is $6.89.

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

Xerox Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.025 per share. The ex-dividend date is Monday, June 30th. Xerox’s dividend payout ratio is currently -0.95%.

Insiders Place Their Bets

In other news, COO John G. Bruno purchased 25,000 shares of the firm’s stock in a transaction dated Friday, May 23rd. The shares were purchased at an average price of $4.38 per share, with a total value of $109,500.00. Following the completion of the acquisition, the chief operating officer now owns 259,775 shares in the company, valued at $1,137,814.50. This trade represents a 10.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Steven John Bandrowczak purchased 22,300 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was purchased at an average cost of $4.48 per share, for a total transaction of $99,904.00. Following the acquisition, the chief executive officer now owns 382,442 shares of the company’s stock, valued at approximately $1,713,340.16. This trade represents a 6.19% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 82,300 shares of company stock valued at $364,254 in the last 90 days. 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 given a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average 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.