Barclays PLC Has $4.87 Million Position in Xerox Holdings Co. (NYSE:XRX)

Barclays PLC boosted its stake in Xerox Holdings Co. (NYSE:XRX - Free Report) by 55.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,106 shares of the information technology services provider's stock after buying an additional 167,500 shares during the quarter. Barclays PLC owned approximately 0.38% of Xerox worth $4,869,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of XRX. Advisors Asset Management Inc. boosted its stake in Xerox by 9.5% in the third quarter. Advisors Asset Management Inc. now owns 796,609 shares of the information technology services provider's stock worth $8,269,000 after purchasing an additional 69,183 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Xerox by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,719,607 shares of the information technology services provider's stock worth $17,850,000 after purchasing an additional 107,580 shares in the last quarter. AQR Capital Management LLC boosted its stake in Xerox by 75.2% in the second quarter. AQR Capital Management LLC now owns 179,118 shares of the information technology services provider's stock worth $2,081,000 after purchasing an additional 76,886 shares in the last quarter. Royce & Associates LP boosted its stake in Xerox by 16.9% in the third quarter. Royce & Associates LP now owns 742,189 shares of the information technology services provider's stock worth $7,704,000 after purchasing an additional 107,127 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Xerox by 27.9% in the third quarter. Sound Income Strategies LLC now owns 1,033,506 shares of the information technology services provider's stock worth $10,728,000 after purchasing an additional 225,617 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Xerox Trading Down 1.5 %

Xerox stock traded down $0.13 during mid-day trading on Friday, hitting $8.39. The stock had a trading volume of 9,073,813 shares, compared to its average volume of 2,203,593. The stock has a 50-day simple moving average of $9.05 and a two-hundred day simple moving average of $10.45. The stock has a market capitalization of $1.04 billion, a PE ratio of -0.76 and a beta of 1.59. Xerox Holdings Co. has a 12 month low of $8.02 and a 12 month high of $19.78. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 2.11.

Xerox (NYSE:XRX - Get Free Report) last issued its earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.26). Xerox had a positive return on equity of 6.60% and a negative net margin of 21.31%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the business posted $0.46 EPS. Xerox's quarterly revenue was down 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that Xerox Holdings Co. will post 1.12 EPS for the current year.

Xerox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date is Tuesday, December 31st. Xerox's dividend payout ratio (DPR) is currently -9.06%.

Analyst Ratings Changes

A number of equities analysts have commented on XRX shares. Morgan Stanley reduced their price objective on Xerox from $10.00 to $8.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 30th. StockNews.com upgraded Xerox from a "hold" rating to a "buy" rating in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. decreased their price target on Xerox from $11.00 to $8.00 and set an "underweight" rating on the stock in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $9.50.

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.