Campbell & CO Investment Adviser LLC Sells 23,070 Shares of Xerox Holdings Co. $XRX

Campbell & CO Investment Adviser LLC trimmed its position in Xerox Holdings Co. (NYSE:XRX) by 33.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,510 shares of the information technology services provider’s stock after selling 23,070 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Xerox were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. boosted its holdings in shares of 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 worth $17,784,000 after purchasing an additional 3,509,574 shares during the period. Paradigm Capital Management Inc. NY increased its stake in shares of 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 purchased a new stake in Xerox in the first quarter worth $4,765,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 acquiring an additional 741,297 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in Xerox during the 1st quarter valued at $2,363,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Xerox Price Performance

NYSE XRX opened at $2.60 on Tuesday. The business’s fifty day moving average price is $3.43 and its 200-day moving average price is $4.40. 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 Holdings Co. has a 1-year low of $2.57 and a 1-year high of $9.91. The stock has a market capitalization of $332.90 million, a price-to-earnings ratio of -0.24 and a beta of 1.80.

Xerox (NYSE:XRX) last issued its quarterly earnings data on Thursday, October 30th. The information technology services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.38. 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 $0.25 earnings per share. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. Xerox has set its FY 2025 guidance at EPS. On average, equities analysts predict that Xerox Holdings Co. will post 1.07 earnings per share for the current year.

Xerox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be issued a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.8%. Xerox’s dividend payout ratio (DPR) is presently -1.28%.

Analyst Ratings Changes

XRX has been the topic of a number of research analyst reports. Citigroup reduced their target price on Xerox from $4.50 to $3.50 and set a “neutral” rating on the stock in a report on Monday, November 10th. Zacks Research raised Xerox from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.50.

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.