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

Quantbot Technologies LP increased its position in Xerox Holdings Co. (NYSE:XRX - Free Report) by 51.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,353 shares of the information technology services provider's stock after acquiring an additional 103,580 shares during the period. Quantbot Technologies LP owned approximately 0.24% of Xerox worth $2,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its position in Xerox by 2.3% during 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 purchasing an additional 62,947 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Xerox by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,812,102 shares of the information technology services provider's stock worth $15,276,000 after buying an additional 92,495 shares in the last quarter. Sound Income Strategies LLC grew its stake in Xerox by 6.7% in the 4th quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider's stock valued at $9,296,000 after acquiring an additional 69,182 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Xerox by 17.0% during the 4th quarter. Advisors Asset Management Inc. now owns 932,232 shares of the information technology services provider's stock valued at $7,859,000 after acquiring an additional 135,623 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Xerox by 8.2% during the fourth quarter. Empowered Funds LLC now owns 606,748 shares of the information technology services provider's stock worth $5,115,000 after acquiring an additional 46,212 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

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Wall Street Analysts Forecast Growth

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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $9.50.

Xerox Trading Down 3.9 %

Shares of Xerox stock traded down $0.22 during mid-day trading on Tuesday, hitting $5.27. 4,284,012 shares of the stock were exchanged, compared to its average volume of 2,446,452. The company has a 50-day simple moving average of $7.62 and a 200 day simple moving average of $8.75. 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 stock has a market capitalization of $659.60 million, a price-to-earnings ratio of -0.49 and a beta of 1.66. Xerox Holdings Co. has a twelve month low of $5.28 and a twelve month high of $18.18.

Xerox Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 annualized dividend and a yield of 9.50%. Xerox's dividend payout ratio (DPR) is presently -4.66%.

Xerox Company Profile

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.