Allworth Financial LP Acquires 3,484 Shares of Xerox Holdings Co. (NYSE:XRX)

Allworth Financial LP grew its holdings in Xerox Holdings Co. (NYSE:XRX) by 137.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,014 shares of the information technology services provider’s stock after acquiring an additional 3,484 shares during the period. Allworth Financial LP’s holdings in Xerox were worth $29,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Xerox by 569.7% during the first quarter. GAMMA Investing LLC now owns 7,045 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 5,993 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in Xerox during the fourth quarter valued at $51,000. Summit Trail Advisors LLC purchased a new position in Xerox during the first quarter valued at $57,000. Janney Montgomery Scott LLC purchased a new position in Xerox during the first quarter valued at $72,000. Finally, Teacher Retirement System of Texas purchased a new position in Xerox during the first quarter valued at $83,000. 85.36% of the stock is currently owned by institutional investors.

Xerox Price Performance

XRX stock opened at $5.07 on Friday. The company has a fifty day simple moving average of $5.26 and a two-hundred day simple moving average of $6.07. The firm has a market capitalization of $637.76 million, a P/E ratio of -0.47 and a beta of 1.82. 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 $12.04.

Xerox (NYSE:XRX) last announced its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. Analysts anticipate that Xerox Holdings Co. will post 1.07 earnings per share 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 $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, June 30th. Xerox’s payout ratio is currently -0.95%.

Insider Activity at Xerox

In other Xerox news, COO John G. Bruno acquired 25,000 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $4.38 per share, for a total transaction of $109,500.00. Following the purchase, the chief operating officer owned 259,775 shares in the company, valued at approximately $1,137,814.50. The trade was a 10.65% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven John Bandrowczak bought 22,300 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $4.48 per share, with a total value of $99,904.00. Following the completion of the purchase, the chief executive officer owned 382,442 shares in the company, 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. Insiders have purchased 82,300 shares of company stock valued at $364,254 over the last 90 days. 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.