Nisa Investment Advisors LLC Decreases Position in Xerox Holdings Co. (NYSE:XRX)

Nisa Investment Advisors LLC lowered its stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 61.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,300 shares of the information technology services provider's stock after selling 44,847 shares during the period. Nisa Investment Advisors LLC's holdings in Xerox were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of XRX. Gladius Capital Management LP acquired a new position in Xerox during the 3rd quarter valued at approximately $29,000. US Bancorp DE increased its position in shares of Xerox by 42.3% in the 3rd 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 during the period. International Assets Investment Management LLC lifted its position in Xerox by 938.0% during the 3rd quarter. International Assets Investment Management LLC now owns 8,304 shares of the information technology services provider's stock worth $800,000 after acquiring an additional 7,504 shares during the period. CWM LLC raised its stake in shares of Xerox by 381.3% in the third quarter. CWM LLC now owns 10,897 shares of the information technology services provider's stock worth $113,000 after purchasing an additional 8,633 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in Xerox in the second quarter valued at approximately $138,000. Institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased 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. Morgan Stanley decreased their target price on shares of Xerox from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com raised Xerox from a "hold" rating to a "buy" rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Xerox currently has a consensus rating of "Hold" and a consensus price target of $9.50.

Xerox Stock Performance

NYSE XRX traded up $0.05 during mid-day trading on Thursday, reaching $8.67. 2,798,074 shares of the stock were exchanged, compared to its average volume of 2,628,578. Xerox Holdings Co. has a 1 year low of $8.02 and a 1 year high of $19.48. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.95 and a current ratio of 1.26. The business's 50 day moving average is $8.94 and its 200-day moving average is $9.75. The company has a market capitalization of $1.08 billion, a P/E ratio of -0.79 and a beta of 1.59.

Xerox (NYSE:XRX - Get Free Report) last posted its earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.26). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.63 billion. Xerox had a negative net margin of 21.31% and a positive return on equity of 6.60%. Xerox's revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. On average, equities research analysts forecast that Xerox Holdings Co. will post 1.12 EPS for the current fiscal year.

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.