Xerox Holdings Co. $XRX Shares Acquired by Invesco Ltd.

Invesco Ltd. lifted its position in shares of Xerox Holdings Co. (NYSE:XRX) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,836,657 shares of the information technology services provider’s stock after purchasing an additional 130,571 shares during the period. Invesco Ltd. owned about 1.46% of Xerox worth $8,871,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Xerox by 348.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 953,827 shares of the information technology services provider’s stock worth $4,607,000 after purchasing an additional 741,297 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Xerox by 14.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,066,576 shares of the information technology services provider’s stock worth $9,982,000 after purchasing an additional 254,474 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Xerox by 110.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,539 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 2,911 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in Xerox in the first quarter valued at $196,000. Finally, XTX Topco Ltd raised its holdings in Xerox by 440.2% in the first quarter. XTX Topco Ltd now owns 179,787 shares of the information technology services provider’s stock valued at $868,000 after acquiring an additional 146,503 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Xerox Trading Up 4.3%

XRX opened at $3.85 on Monday. The stock has a market capitalization of $484.44 million, a PE ratio of -0.36 and a beta of 1.79. Xerox Holdings Co. has a 12-month low of $3.44 and a 12-month high of $11.42. The firm’s fifty day moving average price is $4.96 and its 200 day moving average price is $5.30. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84.

Xerox (NYSE:XRX) last posted its quarterly earnings results on Thursday, July 31st. The information technology services provider reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.71). 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 $0.29 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Xerox has set its FY 2025 guidance at EPS. As a group, research analysts expect that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

Xerox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 30th. Xerox’s dividend payout ratio (DPR) is presently -0.87%.

Insider Activity

In other Xerox news, Director A. Scott Letier purchased 29,600 shares of Xerox stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $3.95 per share, for a total transaction of $116,920.00. Following the transaction, the director owned 58,984 shares in the company, valued at $232,986.80. This represents a 100.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup began coverage on shares of Xerox in a report on Monday, August 18th. They issued a “neutral” rating and a $4.50 price target on the stock. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Sell” and a consensus target price of $6.83.

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.