Xerox Holdings Co. (NYSE:XRX) Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Xerox Holdings Co. (NYSE:XRX - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,763,679 shares of the information technology services provider's stock after purchasing an additional 199,598 shares during the period. Vanguard Group Inc. owned approximately 12.67% of Xerox worth $132,888,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in XRX. Victory Capital Management Inc. grew its stake in shares of Xerox by 164.8% in the fourth quarter. Victory Capital Management Inc. now owns 546,536 shares of the information technology services provider's stock valued at $4,607,000 after buying an additional 340,168 shares in the last quarter. Barclays PLC grew its position in 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 acquiring an additional 167,500 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Xerox by 17.0% during the fourth quarter. Advisors Asset Management Inc. now owns 932,232 shares of the information technology services provider's stock valued at $7,859,000 after purchasing an additional 135,623 shares during the period. Quantbot Technologies LP lifted its position in shares of Xerox by 51.8% during the fourth quarter. Quantbot Technologies LP now owns 303,353 shares of the information technology services provider's stock worth $2,557,000 after purchasing an additional 103,580 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Xerox by 5.4% in the fourth 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 purchasing an additional 92,495 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Xerox Stock Up 2.3 %

Shares of Xerox stock traded up $0.09 on Friday, hitting $3.96. 5,046,749 shares of the company's stock traded hands, compared to its average volume of 2,723,082. The stock has a market cap of $496.11 million, a P/E ratio of -0.37 and a beta of 1.56. The firm's 50-day moving average is $6.15 and its 200 day moving average is $8.13. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. Xerox Holdings Co. has a 52-week low of $3.45 and a 52-week high of $17.18.

Xerox Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.125 dividend. 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 12.63%. 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.