Xerox Holdings Co. (NYSE:XRX) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Xerox Holdings Co. (NYSE:XRX) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,981,297 shares of the information technology services provider’s stock after acquiring an additional 190,034 shares during the quarter. Vanguard Group Inc. owned about 12.87% of Xerox worth $292,937,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Bridgeway Capital Management LLC acquired a new position in shares of Xerox during the fourth quarter valued at about $17,470,000. Caxton Associates LP increased its holdings in Xerox by 277.8% in the 4th quarter. Caxton Associates LP now owns 191,860 shares of the information technology services provider’s stock worth $3,517,000 after buying an additional 141,079 shares during the period. Intrinsic Edge Capital Management LLC acquired a new position in Xerox in the 4th quarter worth approximately $14,832,000. Seven Eight Capital LP acquired a new position in Xerox in the 4th quarter worth approximately $883,000. Finally, CWA Asset Management Group LLC acquired a new position in Xerox in the 4th quarter worth approximately $282,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on XRX shares. StockNews.com upgraded shares of Xerox from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Citigroup assumed coverage on shares of Xerox in a report on Friday. They issued a “sell” rating and a $11.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on Xerox from $18.00 to $17.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 24th.

Xerox Trading Down 3.5 %

Xerox stock opened at $11.62 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 1.34. Xerox Holdings Co. has a 12 month low of $11.50 and a 12 month high of $19.78. The stock’s 50 day simple moving average is $13.73 and its two-hundred day simple moving average is $16.25. The firm has a market cap of $1.44 billion, a PE ratio of -7.40 and a beta of 1.63.

Xerox (NYSE:XRX) last announced its earnings results on Tuesday, April 23rd. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.29). Xerox had a negative net margin of 2.74% and a positive return on equity of 7.77%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the business earned $0.49 EPS. The company’s quarterly revenue was down 12.8% on a year-over-year basis. Analysts anticipate that Xerox Holdings Co. will post 2.05 earnings per share for the current year.

Xerox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 8.61%. Xerox’s dividend payout ratio (DPR) is -63.69%.

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.