Invesco Ltd. Has $14.38 Million Stock Position in Xerox Holdings Co. (NYSE:XRX)

Invesco Ltd. boosted its position in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 5.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,706,086 shares of the information technology services provider's stock after purchasing an additional 94,779 shares during the period. Invesco Ltd. owned about 1.37% of Xerox worth $14,382,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its position in 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 acquiring an additional 2,885 shares during the last quarter. KBC Group NV boosted its stake in Xerox by 84.5% in the fourth 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 in the last quarter. Marathon Trading Investment Management LLC bought a new stake in shares of Xerox during the fourth quarter worth $84,000. Xponance Inc. acquired a new stake in shares of Xerox in the fourth quarter valued at $87,000. Finally, Greenwich Wealth Management LLC bought a new position in shares of Xerox in the fourth quarter valued at about $89,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Xerox Trading Up 0.6 %

Shares of XRX traded up $0.03 during trading hours on Thursday, hitting $4.16. 1,182,048 shares of the stock traded hands, compared to its average volume of 2,724,580. The business has a fifty day moving average of $5.49 and a 200-day moving average of $7.79. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $522.60 million, a PE ratio of -0.39 and a beta of 1.56. Xerox Holdings Co. has a 1-year low of $3.45 and a 1-year high of $14.81.

Xerox Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 12.03%. The ex-dividend date is Monday, March 31st. Xerox's dividend payout ratio (DPR) is presently -4.66%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Xerox from a "buy" rating to a "hold" rating in a research note 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. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price 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.