Xerox Holdings Co. $XRX Shares Purchased by Cwm LLC

Cwm LLC lifted its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 552.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,032 shares of the information technology services provider’s stock after buying an additional 22,044 shares during the period. Cwm LLC’s holdings in Xerox were worth $137,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position 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 purchasing an additional 2,911 shares during the period. Allworth Financial LP lifted its position in Xerox by 137.7% in the first quarter. Allworth Financial LP now owns 6,014 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 3,484 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Xerox in the 2nd quarter valued at approximately $34,000. Larson Financial Group LLC lifted its holdings in shares of Xerox by 331.8% in the 1st 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 lifted its holdings in shares of Xerox by 569.7% in the 1st 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. 85.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup began coverage on shares of Xerox in a research note on Monday, August 18th. They issued a “neutral” rating and a $4.50 price objective for the company. Zacks Research upgraded shares of Xerox from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.50.

Xerox Price Performance

Xerox stock opened at $3.09 on Friday. Xerox Holdings Co. has a 52-week low of $3.02 and a 52-week high of $9.91. The firm has a fifty day moving average of $3.65 and a 200-day moving average of $4.49. The firm has a market capitalization of $388.81 million, a P/E ratio of -0.29 and a beta of 1.81. 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 (NYSE:XRX) last announced its earnings results on Thursday, October 30th. The information technology services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.38. Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%.The firm’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Xerox has set its FY 2025 guidance at EPS. As a group, analysts predict that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Xerox’s dividend payout ratio is currently -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.