Xerox Holdings Co. (NYSE:XRX) Shares Sold by Investors Research Corp

Investors Research Corp lessened its position in shares of Xerox Holdings Co. (NYSE:XRX) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,663 shares of the information technology services provider’s stock after selling 3,798 shares during the period. Investors Research Corp’s holdings in Xerox were worth $489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arden Trust Co increased its position in Xerox by 1.8% during the 4th quarter. Arden Trust Co now owns 36,561 shares of the information technology services provider’s stock worth $670,000 after purchasing an additional 661 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Xerox by 87.2% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,627 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 758 shares in the last quarter. Toroso Investments LLC boosted its position in Xerox by 2.4% during the 3rd quarter. Toroso Investments LLC now owns 33,866 shares of the information technology services provider’s stock worth $531,000 after purchasing an additional 808 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Xerox by 3.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 33,635 shares of the information technology services provider’s stock valued at $528,000 after purchasing an additional 975 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Xerox by 1.9% during the third quarter. Royal Bank of Canada now owns 54,936 shares of the information technology services provider’s stock worth $861,000 after purchasing an additional 1,019 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on XRX shares. JPMorgan Chase & Co. increased their target price on Xerox from $16.00 to $18.00 and gave the company an “underweight” rating in a research note on Friday, January 26th. StockNews.com cut shares of Xerox from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd.

Xerox Trading Down 2.8 %

NYSE:XRX opened at $16.37 on Tuesday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 9.26 and a beta of 1.56. Xerox Holdings Co. has a one year low of $12.06 and a one year high of $19.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.91 and a current ratio of 1.14. The business’s 50-day simple moving average is $17.78 and its 200 day simple moving average is $16.29.

Xerox (NYSE:XRX) last released its earnings results on Thursday, January 25th. The information technology services provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.09). The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Xerox had a net margin of 0.01% and a return on equity of 9.41%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 earnings per share. As a group, sell-side analysts predict that Xerox Holdings Co. will post 2.27 earnings per share for the current fiscal year.

Xerox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 6.11%. Xerox’s dividend payout ratio (DPR) is -500.00%.

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.