GAMMA Investing LLC Acquires 5,993 Shares of Xerox Holdings Co. (NYSE:XRX)

GAMMA Investing LLC increased its position in Xerox Holdings Co. (NYSE:XRX) by 569.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,045 shares of the information technology services provider’s stock after acquiring an additional 5,993 shares during the quarter. GAMMA Investing LLC’s holdings in Xerox were worth $34,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Picton Mahoney Asset Management boosted its position in shares of Xerox by 330.5% during the 4th quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 2,885 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Xerox during the 4th quarter valued at approximately $51,000. Sterling Capital Management LLC increased its holdings in Xerox by 48.9% in the 4th quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider’s stock worth $85,000 after acquiring an additional 3,319 shares in the last quarter. Xponance Inc. purchased a new stake in shares of Xerox during the fourth quarter worth $87,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Xerox during the 4th quarter valued at about $87,000. 85.36% of the stock is currently owned by institutional investors.

Xerox Price Performance

Shares of NYSE:XRX opened at $5.10 on Friday. Xerox Holdings Co. has a 52 week low of $3.45 and a 52 week high of $12.29. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. The company has a 50-day moving average price of $5.30 and a 200 day moving average price of $6.23. The company has a market cap of $641.53 million, a P/E ratio of -0.47 and a beta of 1.82.

Xerox (NYSE:XRX) last posted its quarterly 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 last year, the business earned $0.06 EPS. The company’s quarterly revenue was down 3.0% on a year-over-year basis. Research analysts predict that Xerox Holdings Co. will post 1.07 earnings per share for the current year.

Xerox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a yield of 1.96%. Xerox’s dividend payout ratio (DPR) is presently -0.95%.

Insider Buying and Selling

In other Xerox news, CFO Mirlanda Gecaj acquired 10,000 shares of the 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 owned 15,956 shares of the company’s stock, valued at approximately $70,365.96. This represents a 167.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven John Bandrowczak bought 22,300 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average cost of $4.48 per share, for a total transaction of $99,904.00. Following the completion of the purchase, the chief executive officer directly owned 382,442 shares of the company’s stock, valued at $1,713,340.16. The trade was a 6.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 82,300 shares of company stock worth $364,254 in the last quarter. Insiders own 1.50% of the company’s stock.

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.