Xponance Inc. Makes New Investment in Xerox Holdings Co. (NYSE:XRX)

Xponance Inc. purchased a new stake in Xerox Holdings Co. (NYSE:XRX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,271 shares of the information technology services provider’s stock, valued at approximately $87,000.

Several other hedge funds have also recently modified their holdings of the business. Intech Investment Management LLC purchased a new stake in Xerox during the third quarter worth $498,000. Charles Schwab Investment Management Inc. lifted its stake 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 purchasing an additional 107,580 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Xerox by 112.5% during the third quarter. Dynamic Technology Lab Private Ltd now owns 47,869 shares of the information technology services provider’s stock valued at $497,000 after purchasing an additional 25,339 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Xerox by 3.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 513,131 shares of the information technology services provider’s stock valued at $5,326,000 after purchasing an additional 17,913 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in Xerox in the third quarter worth about $625,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Xerox Price Performance

Shares of NYSE XRX opened at $5.13 on Friday. Xerox Holdings Co. has a fifty-two week low of $5.07 and a fifty-two week high of $18.18. The company has a market cap of $642.69 million, a PE ratio of -0.48 and a beta of 1.66. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The business has a 50-day simple moving average of $7.32 and a two-hundred day simple moving average of $8.63.

Xerox Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 9.75%. The ex-dividend date of this dividend is Monday, March 31st. Xerox’s dividend payout ratio is presently -4.66%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three investment 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, the stock presently 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.