Royce & Associates LP Grows Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Royce & Associates LP grew its stake in Xerox Holdings Co. (NYSE:XRX - Free Report) by 16.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 742,189 shares of the information technology services provider's stock after buying an additional 107,127 shares during the quarter. Royce & Associates LP owned 0.60% of Xerox worth $7,704,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. CWM LLC grew its holdings in Xerox by 155.5% in the second quarter. CWM LLC now owns 2,264 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 1,378 shares during the period. EntryPoint Capital LLC purchased a new stake in Xerox in the 1st quarter worth $45,000. US Bancorp DE raised its position in Xerox by 42.3% during the third quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider's stock worth $66,000 after acquiring an additional 1,888 shares during the period. nVerses Capital LLC purchased a new position in Xerox during the second quarter valued at $78,000. Finally, Plato Investment Management Ltd grew its position in shares of Xerox by 45.0% in the second quarter. Plato Investment Management Ltd now owns 9,346 shares of the information technology services provider's stock valued at $109,000 after purchasing an additional 2,899 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

Xerox Trading Down 1.4 %

XRX traded down $0.12 during trading hours on Monday, reaching $8.31. The company's stock had a trading volume of 1,812,315 shares, compared to its average volume of 2,203,507. The stock has a market cap of $1.03 billion, a PE ratio of 8.18 and a beta of 1.59. Xerox Holdings Co. has a fifty-two week low of $8.02 and a fifty-two week high of $19.78. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.26 and a quick ratio of 0.95. The business's 50-day moving average is $9.82 and its 200-day moving average is $11.31.

Xerox (NYSE:XRX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.26). The business had revenue of $1.53 billion during 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%. The business's revenue for the quarter was down 7.5% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. As a group, equities research analysts predict that Xerox Holdings Co. will post 1.38 earnings per share for the current fiscal year.

Xerox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.03%. The ex-dividend date is Tuesday, December 31st. Xerox's dividend payout ratio is presently -9.06%.

Analysts Set New Price Targets

XRX has been the subject of several research reports. JPMorgan Chase & Co. dropped their price target on Xerox from $11.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, October 30th. Morgan Stanley reduced 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. StockNews.com lowered shares of Xerox from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Loop Capital decreased their target price on shares of Xerox from $14.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday, August 14th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average 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.