Xerox Holdings Co. (NYSE:XRX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in Xerox Holdings Co. (NYSE:XRX) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,443 shares of the information technology services provider’s stock after selling 5,005 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Xerox worth $821,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in Xerox by 164.8% in the 4th quarter. Victory Capital Management Inc. now owns 546,536 shares of the information technology services provider’s stock valued at $4,607,000 after purchasing an additional 340,168 shares during the last quarter. Barclays PLC boosted its position in shares of Xerox by 55.5% during the third quarter. Barclays PLC now owns 469,106 shares of the information technology services provider’s stock worth $4,869,000 after buying an additional 167,500 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Xerox by 6.7% in the third 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 buying an additional 107,580 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Xerox by 6.7% in the 4th quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider’s stock valued at $9,296,000 after buying an additional 69,182 shares during the period. Finally, Geode Capital Management LLC lifted its stake in 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 in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Xerox Stock Performance

XRX opened at $4.91 on Thursday. Xerox Holdings Co. has a 1-year low of $4.72 and a 1-year high of $18.18. The stock has a market cap of $615.13 million, a P/E ratio of -0.46 and a beta of 1.66. The stock’s 50 day simple moving average is $7.05 and its 200 day simple moving average is $8.52. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84.

Xerox Cuts Dividend

The business also recently declared 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 10.18%. The ex-dividend date of this dividend is Monday, March 31st. Xerox’s payout ratio is -4.66%.

Analysts Set New Price Targets

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