Thurston Springer Miller Herd & Titak Inc. Makes New Investment in Xerox Holdings Co. $XRX

Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Xerox Holdings Co. (NYSE:XRX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,500 shares of the information technology services provider’s stock, valued at approximately $34,000.

Several other institutional investors have also recently made changes to their positions in XRX. Federated Hermes Inc. grew its position in Xerox by 2,035.4% during the first quarter. Federated Hermes Inc. now owns 3,682,002 shares of the information technology services provider’s stock valued at $17,784,000 after buying an additional 3,509,574 shares during the period. Paradigm Capital Management Inc. NY grew its position in Xerox by 2,392.4% during the first quarter. Paradigm Capital Management Inc. NY now owns 1,246,200 shares of the information technology services provider’s stock valued at $6,019,000 after buying an additional 1,196,200 shares during the period. Nuveen LLC acquired a new stake in shares of Xerox in the first quarter valued at about $4,765,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Xerox by 348.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 953,827 shares of the information technology services provider’s stock valued at $4,607,000 after purchasing an additional 741,297 shares during the period. Finally, Caxton Associates LLP acquired a new stake in shares of Xerox in the first quarter valued at about $2,363,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analysts Set New Price Targets

XRX has been the topic of several research analyst reports. Zacks Research upgraded shares of Xerox from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Citigroup initiated coverage on shares of Xerox in a research report on Monday, August 18th. They set a “neutral” rating and a $4.50 price target on the stock. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Xerox presently has a consensus rating of “Reduce” and a consensus target price of $6.83.

Insider Transactions at Xerox

In other Xerox news, Director A. Scott Letier bought 29,600 shares of Xerox stock in a transaction on 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 acquisition, the director directly owned 58,984 shares in the company, valued at $232,986.80. This represents a 100.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

Xerox Stock Performance

Shares of XRX stock opened at $3.99 on Friday. The firm’s 50 day moving average price is $4.35 and its 200-day moving average price is $4.83. 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 one year low of $3.44 and a one year high of $11.29. The firm has a market cap of $502.06 million, a P/E ratio of -0.37 and a beta of 1.77.

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

Xerox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.025 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.10 dividend on an annualized basis and a yield of 2.5%. Xerox’s dividend payout ratio is -0.87%.

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.