Trexquant Investment LP Lowers Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Trexquant Investment LP lessened its position in Xerox Holdings Co. (NYSE:XRX) by 16.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 169,094 shares of the information technology services provider’s stock after selling 34,081 shares during the quarter. Trexquant Investment LP’s holdings in Xerox were worth $3,099,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in XRX. FNY Investment Advisers LLC purchased a new position in Xerox during the fourth quarter worth approximately $25,000. GAMMA Investing LLC purchased a new position in Xerox during the fourth quarter worth approximately $25,000. Hexagon Capital Partners LLC lifted its position in Xerox by 38.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 2,257 shares of the information technology services provider’s stock worth $41,000 after buying an additional 630 shares in the last quarter. International Assets Investment Management LLC lifted its position in Xerox by 1,733.2% during the fourth quarter. International Assets Investment Management LLC now owns 4,583 shares of the information technology services provider’s stock worth $84,000 after buying an additional 4,333 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. raised its position in Xerox by 5,572.3% in the third quarter. C M Bidwell & Associates Ltd. now owns 8,395 shares of the information technology services provider’s stock valued at $132,000 after purchasing an additional 8,247 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

XRX has been the topic of a number of research analyst reports. StockNews.com downgraded Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. reduced their target price on Xerox from $18.00 to $17.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 24th.

Xerox Stock Up 0.4 %

XRX traded up $0.06 on Friday, hitting $13.86. 911,811 shares of the company were exchanged, compared to its average volume of 1,720,112. Xerox Holdings Co. has a twelve month low of $12.06 and a twelve month high of $19.78. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -8.83 and a beta of 1.61. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 1.34. The firm has a 50-day moving average price of $15.52 and a two-hundred day moving average price of $16.29.

Xerox (NYSE:XRX) last posted its earnings results on Tuesday, April 23rd. The information technology services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.29). The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Xerox had a negative net margin of 2.74% and a positive return on equity of 7.77%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, equities analysts predict that Xerox Holdings Co. will post 2.09 earnings per share for the current year.

Xerox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend is Friday, June 28th. Xerox’s dividend payout ratio is currently -63.69%.

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.