Xerox Holdings Co. (NYSE:XRX) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,812,102 shares of the information technology services provider's stock after buying an additional 92,495 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.46% of Xerox worth $15,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in shares of Xerox by 33.2% during the third quarter. Pacer Advisors Inc. now owns 16,969,127 shares of the information technology services provider's stock worth $176,140,000 after acquiring an additional 4,228,806 shares during the last quarter. Barclays PLC boosted its stake in Xerox by 55.5% in the 3rd quarter. Barclays PLC now owns 469,106 shares of the information technology services provider's stock worth $4,869,000 after purchasing an additional 167,500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Xerox during the 3rd quarter worth approximately $1,626,000. Quantbot Technologies LP increased its stake in Xerox by 112.4% during the 3rd quarter. Quantbot Technologies LP now owns 199,773 shares of the information technology services provider's stock valued at $2,074,000 after purchasing an additional 105,737 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Xerox by 9.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 796,609 shares of the information technology services provider's stock valued at $8,269,000 after purchasing an additional 69,183 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Xerox from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $9.50.

Xerox Stock Performance

Shares of XRX stock traded down $0.03 during trading hours on Monday, hitting $5.48. The company's stock had a trading volume of 4,726,282 shares, compared to its average volume of 2,446,534. The company has a 50 day moving average of $7.69 and a 200 day moving average of $8.79. The stock has a market cap of $686.54 million, a PE ratio of -0.51 and a beta of 1.66. Xerox Holdings Co. has a 12-month low of $5.29 and a 12-month high of $18.18. 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 Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 9.12%. The ex-dividend date is Monday, March 31st. Xerox's dividend payout ratio is currently -4.66%.

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.