California State Teachers Retirement System Lowers Stake in Xerox Holdings Co. (NYSE:XRX)

California State Teachers Retirement System lowered its stake in shares of Xerox Holdings Co. (NYSE:XRX) by 4.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 110,292 shares of the information technology services provider’s stock after selling 5,555 shares during the period. California State Teachers Retirement System owned approximately 0.09% of Xerox worth $930,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Xerox by 1.3% during 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 purchasing an additional 199,598 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Xerox by 5.4% during 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 purchasing an additional 92,495 shares during the period. Invesco Ltd. boosted its position in shares of Xerox by 5.9% during the 4th quarter. Invesco Ltd. now owns 1,706,086 shares of the information technology services provider’s stock worth $14,382,000 after purchasing an additional 94,779 shares during the period. Northern Trust Corp boosted its position in shares of Xerox by 7.7% during the 4th quarter. Northern Trust Corp now owns 1,405,471 shares of the information technology services provider’s stock worth $11,848,000 after purchasing an additional 100,900 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Xerox by 397.5% during the 4th quarter. Marshall Wace LLP now owns 1,378,215 shares of the information technology services provider’s stock worth $11,618,000 after purchasing an additional 1,101,171 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Insider Transactions at Xerox

In other news, CFO Mirlanda Gecaj acquired 10,000 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $4.41 per share, with a total value of $44,100.00. Following the transaction, the chief financial officer now owns 15,956 shares in the company, valued at approximately $70,365.96. This trade represents a 167.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO John G. Bruno acquired 25,000 shares of the firm’s stock in a transaction dated Friday, May 23rd. The shares were purchased at an average cost of $4.38 per share, with a total value of $109,500.00. Following the completion of the transaction, the chief operating officer now owns 259,775 shares in the company, valued at approximately $1,137,814.50. The trade was a 10.65% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 82,300 shares of company stock valued at $364,254. Insiders own 0.30% of the company’s stock.

Xerox Stock Performance

Shares of XRX stock opened at $5.80 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. Xerox Holdings Co. has a 52 week low of $3.45 and a 52 week high of $14.81. The stock has a market capitalization of $729.58 million, a PE ratio of -0.54 and a beta of 1.81. The firm has a 50 day moving average of $4.70 and a two-hundred day moving average of $6.76.

Xerox (NYSE:XRX) last issued its quarterly 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%. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, research analysts predict that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

Xerox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.10 annualized dividend and a dividend yield of 1.72%. Xerox’s dividend payout ratio (DPR) is currently -0.95%.

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.