Mitsubishi UFJ Asset Management Co. Ltd. Buys 202,987 Shares of Xerox Holdings Co. (NYSE:XRX)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Xerox Holdings Co. (NYSE:XRX) by 60.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 540,109 shares of the information technology services provider’s stock after buying an additional 202,987 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.43% of Xerox worth $4,467,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Picton Mahoney Asset Management raised its holdings in Xerox by 330.5% during the fourth quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 2,885 shares during the period. KBC Group NV lifted its holdings in Xerox by 84.5% in the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 4,224 shares in the last quarter. Marathon Trading Investment Management LLC bought a new position in Xerox in the 4th quarter worth approximately $84,000. Xponance Inc. purchased a new stake in Xerox during the 4th quarter valued at approximately $87,000. Finally, Greenwich Wealth Management LLC bought a new stake in shares of Xerox during the fourth quarter valued at approximately $89,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Xerox Trading Up 1.9 %

Shares of XRX opened at $4.92 on Wednesday. The company’s fifty day simple moving average is $7.14 and its 200-day simple moving average is $8.54. The company has a market cap of $616.38 million, a P/E ratio of -0.46 and a beta of 1.66. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. Xerox Holdings Co. has a twelve month low of $4.72 and a twelve month high of $18.18.

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 paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 10.16%. Xerox’s payout ratio is -4.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Xerox from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, Xerox has an average rating of “Reduce” and an average price target of $9.50.

About Xerox

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.