Coppell Advisory Solutions LLC Boosts Position in Xerox Holdings Co. (NYSE:XRX)

Coppell Advisory Solutions LLC increased its position in shares of Xerox Holdings Co. (NYSE:XRX) by 200,447.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 218,597 shares of the information technology services provider’s stock after acquiring an additional 218,488 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Xerox were worth $1,948,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management increased its holdings in shares of Xerox by 330.5% during the 4th quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider’s stock worth $31,000 after buying an additional 2,885 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new position in Xerox in the fourth quarter worth approximately $51,000. KBC Group NV increased its stake in Xerox by 84.5% during the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 4,224 shares during the last quarter. Marathon Trading Investment Management LLC purchased a new stake in Xerox in the fourth quarter valued at $84,000. Finally, Sterling Capital Management LLC lifted its stake in shares of Xerox by 48.9% in the 4th quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider’s stock valued at $85,000 after purchasing an additional 3,319 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $9.50.

Xerox Stock Up 0.5 %

Shares of NYSE XRX opened at $4.09 on Wednesday. The business’s 50 day moving average is $5.57 and its two-hundred day moving average is $7.82. Xerox Holdings Co. has a 52-week low of $3.45 and a 52-week high of $15.20. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. The firm has a market cap of $514.42 million, a price-to-earnings ratio of -0.38 and a beta of 1.56.

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 issued a dividend of $0.125 per share. 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 12.22%. Xerox’s dividend payout ratio (DPR) is presently -4.66%.

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.