Nomura Holdings Inc. Buys Shares of 21,042 Xerox Holdings Co. (NYSE:XRX)

Nomura Holdings Inc. purchased a new position in shares of Xerox Holdings Co. (NYSE:XRX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,042 shares of the information technology services provider’s stock, valued at approximately $386,000.

Several other large investors have also bought and sold shares of the business. GAMMA Investing LLC bought a new stake in shares of Xerox during the fourth quarter worth $25,000. FNY Investment Advisers LLC acquired a new position in Xerox in the 4th quarter worth about $25,000. Hexagon Capital Partners LLC raised its position in Xerox by 38.7% in the fourth quarter. Hexagon Capital Partners LLC now owns 2,257 shares of the information technology services provider’s stock valued at $41,000 after purchasing an additional 630 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in shares of Xerox by 30,127.3% during the fourth quarter. TFO Wealth Partners LLC now owns 3,325 shares of the information technology services provider’s stock valued at $61,000 after purchasing an additional 3,314 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Xerox by 1,733.2% during the fourth quarter. International Assets Investment Management LLC now owns 4,583 shares of the information technology services provider’s stock worth $84,000 after purchasing an additional 4,333 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Xerox from $18.00 to $17.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 24th. StockNews.com upgraded shares of Xerox from a “hold” rating to a “buy” rating in a report on Wednesday.

Xerox Price Performance

Xerox stock opened at $13.32 on Friday. The firm has a market cap of $1.65 billion, a P/E ratio of 9.55 and a beta of 1.63. The stock’s 50 day moving average is $14.12 and its 200 day moving average is $16.33. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.37 and a quick ratio of 1.07. Xerox Holdings Co. has a one year low of $12.06 and a one year high of $19.78.

Xerox (NYSE:XRX) last posted its quarterly earnings data on Tuesday, April 23rd. The information technology services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.29). The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.53 billion. Xerox had a negative net margin of 2.74% and a positive return on equity of 7.77%. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 earnings per share. As a group, research analysts expect that Xerox Holdings Co. will post 2.05 EPS for the current year.

Xerox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 7.51%. Xerox’s payout ratio is -63.69%.

About Xerox

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.