Signaturefd LLC Purchases 8,182 Shares of Xerox Holdings Co. $XRX

Signaturefd LLC grew its stake in Xerox Holdings Co. (NYSE:XRX) by 330.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,658 shares of the information technology services provider’s stock after purchasing an additional 8,182 shares during the quarter. Signaturefd LLC’s holdings in Xerox were worth $56,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of Xerox by 110.8% during 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 during the last quarter. Allworth Financial LP boosted its holdings in shares of Xerox by 137.7% in the first quarter. Allworth Financial LP now owns 6,014 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 3,484 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Xerox during the second quarter valued at $34,000. Larson Financial Group LLC boosted its stake in Xerox by 331.8% during the first quarter. Larson Financial Group LLC now owns 6,507 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 5,000 shares during the period. Finally, GAMMA Investing LLC boosted 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 buying an additional 5,993 shares during the period. Institutional investors own 85.36% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on XRX. Citigroup began coverage on Xerox in a report on Monday, August 18th. They issued a “neutral” rating and a $4.50 price objective on the stock. Zacks Research upgraded Xerox from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Xerox presently has a consensus rating of “Reduce” and an average target price of $6.83.

Insider Transactions at Xerox

In other Xerox news, Director A. Scott Letier acquired 29,600 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average cost of $3.95 per share, with a total value of $116,920.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

Xerox Price Performance

Shares of XRX opened at $3.75 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The firm has a market cap of $471.86 million, a PE ratio of -0.35 and a beta of 1.81. Xerox Holdings Co. has a 1-year low of $3.44 and a 1-year high of $11.29. The firm has a fifty day simple moving average of $4.01 and a two-hundred day simple moving average of $4.65.

Xerox (NYSE:XRX) last issued 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 period in the previous year, the business posted $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. On average, equities analysts anticipate that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.7%. Xerox’s dividend payout ratio (DPR) is -0.87%.

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.