27,518 Shares in Xerox Holdings Co. (NYSE:XRX) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in Xerox Holdings Co. (NYSE:XRX) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 27,518 shares of the information technology services provider’s stock, valued at approximately $320,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Seven Eight Capital LP bought a new position in Xerox during the 4th quarter valued at $883,000. Intrinsic Edge Capital Management LLC bought a new position in Xerox during the 4th quarter valued at $14,832,000. Caxton Associates LP boosted its stake in Xerox by 277.8% during the 4th quarter. Caxton Associates LP now owns 191,860 shares of the information technology services provider’s stock valued at $3,517,000 after purchasing an additional 141,079 shares in the last quarter. Bridgeway Capital Management LLC bought a new position in Xerox during the 4th quarter valued at $17,470,000. Finally, Vanguard Group Inc. boosted its stake in Xerox by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 15,981,297 shares of the information technology services provider’s stock valued at $292,937,000 after purchasing an additional 190,034 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

Xerox Trading Up 1.8 %

Xerox stock opened at $10.49 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.49. The business’s 50-day simple moving average is $10.42 and its 200-day simple moving average is $12.83. The firm has a market capitalization of $1.30 billion, a PE ratio of -6.68 and a beta of 1.57. Xerox Holdings Co. has a 52 week low of $9.51 and a 52 week high of $19.78.

Xerox (NYSE:XRX) last issued its quarterly earnings results on Thursday, July 25th. The information technology services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.14). Xerox had a negative net margin of 1.60% and a positive return on equity of 7.33%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The company’s revenue was down 10.0% on a year-over-year basis. Equities research analysts forecast that Xerox Holdings Co. will post 1.79 earnings per share for the current year.

Xerox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date is Monday, September 30th. Xerox’s payout ratio is -63.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XRX. StockNews.com raised Xerox from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Citigroup initiated coverage on Xerox in a research note on Friday, June 28th. They set a “sell” rating and a $11.00 price objective for the company. Finally, Loop Capital reduced their price objective on Xerox from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.75.

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.