Wealth Enhancement Advisory Services LLC Decreases Holdings in Xerox Holdings Co. (NYSE:XRX)

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,445 shares of the information technology services provider’s stock after selling 3,155 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Xerox were worth $122,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. raised 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 valued at $14,382,000 after buying an additional 94,779 shares in the last quarter. Vanguard Group Inc. grew its holdings in 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 valued at $132,888,000 after purchasing an additional 199,598 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Xerox by 12.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 476,266 shares of the information technology services provider’s stock valued at $4,015,000 after purchasing an additional 52,104 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 valued at $15,276,000 after purchasing an additional 92,495 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Xerox by 103.8% during the 4th quarter. Deutsche Bank AG now owns 138,852 shares of the information technology services provider’s stock valued at $1,171,000 after purchasing an additional 70,724 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Xerox Stock Performance

Shares of NYSE:XRX opened at $5.51 on Wednesday. The company has a market capitalization of $693.10 million, a price-to-earnings ratio of -0.51 and a beta of 1.81. Xerox Holdings Co. has a 12 month low of $3.45 and a 12 month high of $13.93. The firm’s 50-day moving average is $4.85 and its 200 day moving average is $6.64. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61.

Xerox (NYSE:XRX) last issued its earnings results 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%. During the same quarter in the prior year, the company earned $0.06 earnings per share. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. Research analysts predict that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.81%. Xerox’s dividend payout ratio is currently -0.95%.

Insiders Place Their Bets

In other news, CFO Mirlanda Gecaj purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $4.41 per share, for a total transaction of $44,100.00. Following the completion of the transaction, the chief financial officer now owns 15,956 shares in the company, valued at $70,365.96. This represents a 167.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Steven John Bandrowczak bought 22,300 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $4.48 per share, for a total transaction of $99,904.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 82,300 shares of company stock valued at $364,254. Insiders own 1.50% of the company’s stock.

Xerox Company 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.