Xerox Holdings Co. (NYSE:XRX) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 60.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 540,109 shares of the information technology services provider's stock after purchasing an additional 202,987 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.43% of Xerox worth $4,467,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Xerox by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,763,679 shares of the information technology services provider's stock valued at $132,888,000 after buying an additional 199,598 shares during the period. Geode Capital Management LLC boosted its position in shares of Xerox by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,808,775 shares of the information technology services provider's stock worth $29,161,000 after acquiring an additional 62,947 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Xerox by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,812,102 shares of the information technology services provider's stock valued at $15,276,000 after purchasing an additional 92,495 shares during the period. Sound Income Strategies LLC increased its position in Xerox by 6.7% during the fourth quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider's stock worth $9,296,000 after purchasing an additional 69,182 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Xerox by 17.0% during the fourth quarter. Advisors Asset Management Inc. now owns 932,232 shares of the information technology services provider's stock worth $7,859,000 after purchasing an additional 135,623 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

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Xerox Trading Down 14.9 %

NYSE XRX traded down $0.73 during mid-day trading on Thursday, hitting $4.18. The company's stock had a trading volume of 7,460,570 shares, compared to its average volume of 2,621,436. The firm has a market capitalization of $523.67 million, a P/E ratio of -0.39 and a beta of 1.66. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84. Xerox Holdings Co. has a 52-week low of $4.04 and a 52-week high of $18.18. The stock's fifty day simple moving average is $6.94 and its two-hundred day simple moving average is $8.49.

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 issued a $0.125 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.50 annualized dividend and a yield of 11.96%. Xerox's dividend payout ratio is currently -4.66%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Xerox from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. Based on data from MarketBeat, Xerox currently has a consensus rating of "Reduce" and an average price target 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.