Xerox Holdings Co. (NYSE:XRX) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 476,266 shares of the information technology services provider's stock after purchasing an additional 52,104 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.38% of Xerox worth $4,015,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its position in Xerox by 330.5% in 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 last quarter. KBC Group NV lifted its holdings in Xerox by 84.5% during the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider's stock valued at $78,000 after buying an additional 4,224 shares in the last quarter. Marathon Trading Investment Management LLC purchased a new stake in Xerox in the 4th quarter valued at about $84,000. Xponance Inc. purchased a new position in shares of Xerox during the fourth quarter worth approximately $87,000. Finally, Greenwich Wealth Management LLC bought a new stake in shares of Xerox during the fourth quarter valued at approximately $89,000. 85.36% of the stock is currently owned by institutional investors.

Xerox Stock Down 0.2 %

Shares of NYSE:XRX traded down $0.01 during trading on Wednesday, reaching $4.91. The stock had a trading volume of 2,750,135 shares, compared to its average volume of 2,601,002. 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 company has a market capitalization of $615.13 million, a P/E ratio of -0.46 and a beta of 1.66. The firm's 50-day simple moving average is $7.05 and its 200 day simple moving average is $8.52. Xerox Holdings Co. has a one year low of $4.72 and a one year high of $18.18.

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Xerox Cuts Dividend

The company 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 dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 10.18%. The ex-dividend date is Monday, March 31st. Xerox's payout ratio is currently -4.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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 given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus 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.