Nisa Investment Advisors LLC Lowers Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Nisa Investment Advisors LLC reduced its position in shares of Xerox Holdings Co. (NYSE:XRX) by 61.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,300 shares of the information technology services provider’s stock after selling 44,847 shares during the period. Nisa Investment Advisors LLC’s holdings in Xerox were worth $246,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of Xerox by 33.2% in the 3rd quarter. Pacer Advisors Inc. now owns 16,969,127 shares of the information technology services provider’s stock worth $176,140,000 after acquiring an additional 4,228,806 shares during the last quarter. Geode Capital Management LLC increased its holdings in Xerox by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,808,775 shares of the information technology services provider’s stock valued at $29,161,000 after purchasing an additional 62,947 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Xerox by 6.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,719,607 shares of the information technology services provider’s stock valued at $17,850,000 after acquiring an additional 107,580 shares during the period. Sound Income Strategies LLC lifted its holdings in Xerox by 27.9% during the 3rd quarter. Sound Income Strategies LLC now owns 1,033,506 shares of the information technology services provider’s stock worth $10,728,000 after buying an additional 225,617 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Xerox by 9.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 796,609 shares of the information technology services provider’s stock valued at $8,269,000 after buying an additional 69,183 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Xerox Stock Down 5.8 %

Xerox stock opened at $8.62 on Thursday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -0.78 and a beta of 1.59. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 2.11. Xerox Holdings Co. has a twelve month low of $8.02 and a twelve month high of $19.78. The stock has a 50 day moving average of $8.94 and a two-hundred day moving average of $9.75.

Xerox (NYSE:XRX) last issued its earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.26). Xerox had a positive return on equity of 6.60% and a negative net margin of 21.31%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Xerox’s revenue for the quarter was down 7.5% on a year-over-year basis. As a group, research analysts expect that Xerox Holdings Co. will post 1.12 earnings per share for the current year.

Analysts Set New Price Targets

XRX has been the subject of several recent research reports. StockNews.com upgraded Xerox from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Xerox from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. Finally, Morgan Stanley cut their price target on shares of Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.50.

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.