Xerox Holdings Co. (NYSE:XRX - Get Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $8.53 and last traded at $8.57, with a volume of 899267 shares. The stock had previously closed at $10.28.
Analyst Ratings Changes
Several research analysts have weighed in on XRX shares. JPMorgan Chase & Co. lowered their target price on shares of Xerox from $13.00 to $11.00 and set an "underweight" rating on the stock in a research report on Monday, October 21st. StockNews.com upgraded shares of Xerox from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th. Finally, Loop Capital lowered their target price on shares of Xerox from $14.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, August 14th.
Check Out Our Latest Report on XRX
Xerox Stock Down 17.4 %
The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 1.34. The firm has a market cap of $1.06 billion, a PE ratio of -7.77 and a beta of 1.57. The firm's 50 day moving average is $10.45 and its 200-day moving average is $11.96.
Xerox Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.78%. The ex-dividend date is Monday, September 30th. Xerox's payout ratio is -95.24%.
Hedge Funds Weigh In On Xerox
A number of large investors have recently bought and sold shares of the stock. CWM LLC raised its stake in shares of Xerox by 155.5% in the 2nd quarter. CWM LLC now owns 2,264 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 1,378 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Xerox in the 1st quarter valued at $45,000. US Bancorp DE raised its stake 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. Plato Investment Management Ltd purchased a new position in shares of Xerox in the 1st quarter valued at $115,000. Finally, nVerses Capital LLC acquired a new stake in Xerox during the 2nd quarter valued at $78,000. Hedge funds and other institutional investors own 85.36% of the company's stock.
Xerox Company Profile
(
Get Free Report)
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.
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