Janney Montgomery Scott LLC Acquires New Position in Xerox Holdings Co. (NYSE:XRX)

Janney Montgomery Scott LLC acquired a new stake in shares of Xerox Holdings Co. (NYSE:XRX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,820 shares of the information technology services provider’s stock, valued at approximately $72,000.

Other large investors have also bought and sold shares of the company. Invesco Ltd. increased its stake in 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 purchasing an additional 94,779 shares during the period. Vanguard Group Inc. increased its stake in 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 purchasing an additional 199,598 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in 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 purchasing an additional 52,104 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Xerox by 5.4% during the fourth 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 buying an additional 92,495 shares during the period. Finally, Yousif Capital Management LLC increased its stake in shares of Xerox by 5.7% during the first quarter. Yousif Capital Management LLC now owns 56,907 shares of the information technology services provider’s stock valued at $275,000 after buying an additional 3,091 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Xerox Price Performance

XRX opened at $5.27 on Tuesday. 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 Holdings Co. has a 52-week low of $3.45 and a 52-week high of $12.29. The stock has a market capitalization of $662.91 million, a PE ratio of -0.49 and a beta of 1.82. The stock’s 50 day moving average price is $5.24 and its 200-day moving average price is $6.30.

Xerox (NYSE:XRX) last posted its earnings results on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share (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 period in the previous year, the firm earned $0.06 EPS. Xerox’s revenue was down 3.0% on a year-over-year basis. On average, equities research analysts predict that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 1.90%. Xerox’s dividend payout ratio is presently -0.95%.

Insider Transactions at Xerox

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 cost of $4.41 per share, for a total transaction of $44,100.00. Following the completion of the transaction, the chief financial officer directly owned 15,956 shares of the company’s stock, valued at $70,365.96. This trade represents a 167.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director A. Scott Letier purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of $4.43 per share, for a total transaction of $110,750.00. Following the completion of the transaction, the director directly owned 29,384 shares of the company’s stock, valued at $130,171.12. This represents a 570.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 82,300 shares of company stock valued at $364,254. Company 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.