Xerox Holdings Co. (NYSE:XRX) Shares Bought by Empowered Funds LLC

Empowered Funds LLC boosted its position in Xerox Holdings Co. (NYSE:XRX - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 606,748 shares of the information technology services provider's stock after purchasing an additional 46,212 shares during the period. Empowered Funds LLC owned approximately 0.49% of Xerox worth $5,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Gladius Capital Management LP bought a new stake in shares of Xerox during the third quarter valued at approximately $29,000. US Bancorp DE raised its stake in shares of Xerox by 42.3% during the third quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider's stock valued at $66,000 after acquiring an additional 1,888 shares in the last quarter. KBC Group NV raised its stake in shares of Xerox by 84.5% during the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider's stock valued at $78,000 after acquiring an additional 4,224 shares in the last quarter. Vest Financial LLC bought a new stake in shares of Xerox during the fourth quarter valued at approximately $97,000. Finally, Prism Advisors Inc. bought a new stake in shares of Xerox during the fourth quarter valued at approximately $103,000. Institutional investors own 85.36% of the company's stock.

Xerox Stock Down 0.4 %

NYSE:XRX traded down $0.03 during trading hours on Friday, reaching $7.99. The company's stock had a trading volume of 1,930,732 shares, compared to its average volume of 2,343,777. The company has a market capitalization of $993.72 million, a P/E ratio of -0.74 and a beta of 1.59. Xerox Holdings Co. has a 12 month low of $7.77 and a 12 month high of $19.48. 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 stock has a 50 day moving average price of $8.76 and a two-hundred day moving average price of $9.47.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on XRX shares. StockNews.com downgraded shares of Xerox from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Morgan Stanley decreased their price target on shares of Xerox from $10.00 to $8.00 and set an "underweight" rating for the company in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Xerox from $11.00 to $8.00 and set an "underweight" rating for the company in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $9.50.

Xerox 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.