Rhumbline Advisers Has $3.05 Million Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Rhumbline Advisers reduced its stake in shares of Xerox Holdings Co. (NYSE:XRX) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 361,909 shares of the information technology services provider’s stock after selling 3,062 shares during the quarter. Rhumbline Advisers owned 0.29% of Xerox worth $3,051,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its stake 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 buying an additional 69,183 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Xerox by 8.2% during the 4th quarter. Empowered Funds LLC now owns 606,748 shares of the information technology services provider’s stock valued at $5,115,000 after purchasing an additional 46,212 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 in the last quarter. Sound Income Strategies LLC boosted its position in 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 valued at $9,296,000 after buying an additional 69,182 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Xerox by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,808,775 shares of the information technology services provider’s stock worth $29,161,000 after buying an additional 62,947 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Xerox from a “buy” rating to a “hold” rating in a 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $9.50.

Xerox Trading Down 4.3 %

Shares of Xerox stock opened at $6.63 on Friday. The stock has a fifty day moving average price of $8.54 and a 200-day moving average price of $9.29. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84. The firm has a market cap of $824.60 million, a PE ratio of -0.62 and a beta of 1.59. Xerox Holdings Co. has a 1 year low of $6.60 and a 1 year high of $19.48.

Xerox Cuts Dividend

The firm 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. The ex-dividend date is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 7.54%. Xerox’s dividend payout ratio is presently -4.66%.

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.