Xerox Holdings Co. (NYSE:XRX) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in shares of Xerox Holdings Co. (NYSE:XRX) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,816 shares of the information technology services provider’s stock after purchasing an additional 1,486 shares during the period. Yousif Capital Management LLC’s holdings in Xerox were worth $454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. lifted its position in Xerox by 33.2% during the third quarter. Pacer Advisors Inc. now owns 16,969,127 shares of the information technology services provider’s stock worth $176,140,000 after buying an additional 4,228,806 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Xerox by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,808,775 shares of the information technology services provider’s stock worth $29,161,000 after acquiring an additional 62,947 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 worth $17,850,000 after acquiring an additional 107,580 shares during the period. Sound Income Strategies LLC boosted its position in shares of Xerox by 6.7% in the fourth quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider’s stock worth $9,296,000 after acquiring an additional 69,182 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Xerox by 9.5% in the third quarter. Advisors Asset Management Inc. now owns 796,609 shares of the information technology services provider’s stock valued at $8,269,000 after purchasing an additional 69,183 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on XRX shares. Morgan Stanley decreased their price target on shares of Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com cut Xerox from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. dropped their price target on Xerox from $11.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, Xerox has a consensus rating of “Reduce” and an average target price of $9.50.

Xerox Stock Performance

Shares of XRX stock opened at $7.99 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The company has a market cap of $993.72 million, a PE ratio of -0.74 and a beta of 1.59. The company’s fifty day simple moving average is $8.74 and its 200-day simple moving average is $9.44. Xerox Holdings Co. has a 52 week low of $7.77 and a 52 week high of $19.48.

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.