Xerox Holdings Co. (NYSE:XRX) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP lifted its stake in Xerox Holdings Co. (NYSE:XRX - Free Report) by 397.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,378,215 shares of the information technology services provider's stock after buying an additional 1,101,171 shares during the quarter. Marshall Wace LLP owned approximately 1.11% of Xerox worth $11,618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XRX. Yousif Capital Management LLC grew its stake in shares of Xerox by 2.8% during the 4th quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider's stock worth $454,000 after purchasing an additional 1,486 shares during the period. Franklin Resources Inc. raised its position in shares of Xerox by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 95,012 shares of the information technology services provider's stock worth $801,000 after acquiring an additional 1,733 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Xerox by 3.0% during the 4th quarter. Russell Investments Group Ltd. now owns 87,466 shares of the information technology services provider's stock worth $737,000 after acquiring an additional 2,534 shares in the last quarter. Picton Mahoney Asset Management grew its position in shares of 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 valued at $31,000 after acquiring an additional 2,885 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of Xerox by 48.9% in the 4th quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider's stock valued at $85,000 after purchasing an additional 3,319 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Xerox Price Performance

Shares of NYSE XRX traded up $0.11 during mid-day trading on Friday, reaching $4.27. The company's stock had a trading volume of 2,726,027 shares, compared to its average volume of 2,715,661. The stock has a market capitalization of $537.06 million, a P/E ratio of -0.40 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. The stock has a 50-day moving average of $5.34 and a two-hundred day moving average of $7.71. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11.

Xerox Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 11.71%. The ex-dividend date is Monday, March 31st. Xerox's dividend payout ratio (DPR) is currently -4.66%.

Analyst Ratings Changes

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

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.