Semanteon Capital Management LP Takes $492,000 Position in Xerox Holdings Co. (NYSE:XRX)

Semanteon Capital Management LP purchased a new stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 58,391 shares of the information technology services provider's stock, valued at approximately $492,000.

Other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its holdings in shares of Xerox by 330.5% during the 4th quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 2,885 shares in the last quarter. KBC Group NV lifted its stake in shares of Xerox by 84.5% during the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider's stock worth $78,000 after purchasing an additional 4,224 shares in the last quarter. Marathon Trading Investment Management LLC acquired a new stake in shares of Xerox in the fourth quarter valued at about $84,000. Xponance Inc. purchased a new stake in shares of Xerox during the 4th quarter valued at about $87,000. Finally, Greenwich Wealth Management LLC purchased a new position in Xerox in the 4th quarter worth approximately $89,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Xerox from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $9.50.

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Xerox Stock Up 0.6 %

XRX stock traded up $0.03 during midday trading on Wednesday, hitting $5.29. 5,882,405 shares of the company's stock were exchanged, compared to its average volume of 2,474,808. The firm has a 50 day moving average price of $7.55 and a 200-day moving average price of $8.72. Xerox Holdings Co. has a 12-month low of $5.13 and a 12-month high of $18.18. The stock has a market capitalization of $662.74 million, a price-to-earnings ratio of -0.49 and a beta of 1.66. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61.

Xerox Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 9.45%. Xerox's dividend payout ratio (DPR) is -4.66%.

Xerox 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.