Arrowstreet Capital Limited Partnership purchased a new position in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 81,582 shares of the information technology services provider's stock, valued at approximately $688,000. Arrowstreet Capital Limited Partnership owned about 0.07% of Xerox as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in XRX. Picton Mahoney Asset Management boosted its holdings in shares of Xerox by 330.5% in 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 boosted its stake in Xerox by 84.5% during 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 during the period. Marathon Trading Investment Management LLC purchased a new position in Xerox during the 4th quarter worth $84,000. Xponance Inc. acquired a new position in Xerox in the fourth quarter valued at $87,000. Finally, Greenwich Wealth Management LLC purchased a new stake in shares of Xerox in the fourth quarter valued at about $89,000. Institutional investors and hedge funds own 85.36% of the company's stock.
Xerox Stock Performance
XRX traded down $0.03 during trading on Tuesday, hitting $3.85. The stock had a trading volume of 2,543,586 shares, compared to its average volume of 2,726,181. Xerox Holdings Co. has a twelve month low of $3.45 and a twelve month high of $16.96. The firm has a market capitalization of $482.33 million, a P/E ratio of -0.36 and a beta of 1.56. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The company's 50-day moving average price is $6.06 and its 200 day moving average price is $8.07.
Xerox Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.125 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 12.99%. Xerox's payout ratio is currently -4.66%.
Analyst Ratings Changes
Separately, StockNews.com cut Xerox from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to MarketBeat.com, Xerox currently has an average rating of "Reduce" and a consensus price target of $9.50.
Check Out Our Latest Stock Report on Xerox
Xerox Company Profile
(
Free Report)
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.
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