Xerox Holdings Co. (NYSE:XRX) Stock Holdings Increased by SteelPeak Wealth LLC

SteelPeak Wealth LLC increased its holdings in Xerox Holdings Co. (NYSE:XRX) by 30.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,822 shares of the information technology services provider’s stock after purchasing an additional 8,140 shares during the quarter. SteelPeak Wealth LLC’s holdings in Xerox were worth $632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SummerHaven Investment Management LLC raised its holdings in shares of Xerox by 1.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 45,742 shares of the information technology services provider’s stock worth $838,000 after purchasing an additional 597 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Xerox by 1.0% in the 4th quarter. Yousif Capital Management LLC now owns 64,642 shares of the information technology services provider’s stock worth $1,185,000 after purchasing an additional 615 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of Xerox by 38.7% in the 4th quarter. Hexagon Capital Partners LLC now owns 2,257 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 630 shares in the last quarter. Arden Trust Co raised its holdings in shares of Xerox by 1.8% in 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. Finally, Diversified Trust Co raised its holdings in shares of Xerox by 7.1% during the fourth quarter. Diversified Trust Co now owns 20,497 shares of the information technology services provider’s stock valued at $376,000 after acquiring an additional 1,352 shares during the period. 85.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on XRX. Citigroup began coverage on shares of Xerox in a report on Friday. They set a “sell” rating and a $11.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Xerox from $18.00 to $17.00 and set an “underweight” rating on the stock in a report on Wednesday, April 24th. Finally, StockNews.com upgraded shares of Xerox from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

Xerox Stock Down 3.5 %

XRX traded down $0.42 on Friday, reaching $11.62. 3,816,783 shares of the company traded hands, compared to its average volume of 1,651,148. The stock’s 50 day moving average price is $13.73 and its 200-day moving average price is $16.24. Xerox Holdings Co. has a 52-week low of $11.50 and a 52-week high of $19.78. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -7.40 and a beta of 1.63. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.37 and a quick ratio of 1.07.

Xerox (NYSE:XRX) last announced its quarterly earnings data on Tuesday, April 23rd. The information technology services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.29). Xerox had a negative net margin of 2.74% and a positive return on equity of 7.77%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. On average, sell-side analysts expect that Xerox Holdings Co. will post 2.05 EPS for the current fiscal year.

Xerox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date of this dividend is Friday, June 28th. Xerox’s payout ratio is presently -63.69%.

Xerox Company 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.