Xerox Holdings Co. (NYSE:XRX) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Xerox Holdings Co. (NYSE:XRX - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,353 shares of the information technology services provider's stock after purchasing an additional 103,580 shares during the quarter. Quantbot Technologies LP owned about 0.24% of Xerox worth $2,557,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of XRX. Empowered Funds LLC raised its holdings in shares of Xerox by 8.2% in the fourth quarter. Empowered Funds LLC now owns 606,748 shares of the information technology services provider's stock valued at $5,115,000 after buying an additional 46,212 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Xerox by 5.4% during the 4th 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 acquiring an additional 92,495 shares during the last quarter. Sound Income Strategies LLC lifted its position in Xerox by 6.7% during the 4th quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider's stock worth $9,296,000 after acquiring an additional 69,182 shares during the period. Geode Capital Management LLC grew its stake in shares of Xerox by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,808,775 shares of the information technology services provider's stock valued at $29,161,000 after purchasing an additional 62,947 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Xerox by 55.5% in the third quarter. Barclays PLC now owns 469,106 shares of the information technology services provider's stock valued at $4,869,000 after purchasing an additional 167,500 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

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Analyst Ratings Changes

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

Xerox Price Performance

NYSE:XRX traded up $0.14 during trading hours on Thursday, hitting $5.43. The company's stock had a trading volume of 4,916,622 shares, compared to its average volume of 2,487,234. Xerox Holdings Co. has a 52-week low of $5.12 and a 52-week high of $18.18. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The business's 50-day moving average is $7.48 and its two-hundred day moving average is $8.70. The company has a market capitalization of $680.28 million, a PE ratio of -0.51 and a beta of 1.66.

Xerox Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.21%. Xerox's payout ratio is -4.66%.

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.