New York State Common Retirement Fund Sells 6,100 Shares of Xerox Holdings Co. (NYSE:XRX)

New York State Common Retirement Fund lessened its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 16.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,687 shares of the information technology services provider’s stock after selling 6,100 shares during the period. New York State Common Retirement Fund’s holdings in Xerox were worth $259,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of XRX. Gladius Capital Management LP acquired a new position in shares of Xerox during the third quarter worth about $29,000. US Bancorp DE lifted its stake in Xerox by 42.3% in the 3rd quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider’s stock valued at $66,000 after acquiring an additional 1,888 shares in the last quarter. KBC Group NV boosted its position in Xerox by 84.5% during the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 4,224 shares during the last quarter. Vest Financial LLC bought a new position in shares of Xerox during the 4th quarter worth approximately $97,000. Finally, Prism Advisors Inc. acquired a new stake in shares of Xerox in the fourth quarter valued at approximately $103,000. 85.36% of the stock is owned by institutional investors.

Xerox Stock Down 3.0 %

XRX stock opened at $6.18 on Thursday. Xerox Holdings Co. has a twelve month low of $6.13 and a twelve month high of $18.18. The company has a market cap of $774.24 million, a price-to-earnings ratio of -0.58 and a beta of 1.59. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. The business has a 50 day moving average price of $8.42 and a two-hundred day moving average price of $9.24.

Xerox Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.125 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.09%. Xerox’s payout ratio is -4.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Xerox from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat, Xerox currently has a consensus rating of “Reduce” and an average price target of $9.50.

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.