Mizuho Markets Americas LLC Sells 73,200 Shares of Xerox Holdings Co. (NYSE:XRX)

Mizuho Markets Americas LLC lowered its stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 20.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 280,482 shares of the information technology services provider's stock after selling 73,200 shares during the quarter. Mizuho Markets Americas LLC owned about 0.23% of Xerox worth $2,911,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC grew its holdings in shares of Xerox by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 560,536 shares of the information technology services provider's stock worth $5,818,000 after purchasing an additional 25,590 shares during the period. Royce & Associates LP raised its stake in Xerox by 16.9% during the third quarter. Royce & Associates LP now owns 742,189 shares of the information technology services provider's stock worth $7,704,000 after acquiring an additional 107,127 shares during the period. Victory Capital Management Inc. lifted its stake in Xerox by 10.0% in the third quarter. Victory Capital Management Inc. now owns 206,368 shares of the information technology services provider's stock valued at $2,142,000 after buying an additional 18,819 shares during the last quarter. Verus Capital Partners LLC grew its position in shares of Xerox by 11.2% during the third quarter. Verus Capital Partners LLC now owns 76,708 shares of the information technology services provider's stock worth $796,000 after acquiring an additional 7,700 shares during the last quarter. Finally, Entropy Technologies LP increased its holdings in shares of Xerox by 250.6% in the 3rd quarter. Entropy Technologies LP now owns 48,802 shares of the information technology services provider's stock worth $507,000 after acquiring an additional 34,881 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Xerox Stock Performance

XRX stock traded up $0.04 on Friday, reaching $8.43. 1,200,521 shares of the company were exchanged, compared to its average volume of 3,099,019. The stock's fifty day moving average price is $9.82 and its 200 day moving average price is $11.32. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.26 and a quick ratio of 0.95. Xerox Holdings Co. has a 12 month low of $8.02 and a 12 month high of $19.78. The firm has a market capitalization of $1.05 billion, a PE ratio of 8.18 and a beta of 1.59.

Xerox (NYSE:XRX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.26). The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.63 billion. Xerox had a negative net margin of 21.31% and a positive return on equity of 6.60%. The firm's revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share. On average, research analysts anticipate that Xerox Holdings Co. will post 1.38 EPS for the current fiscal year.

Xerox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.86%. The ex-dividend date is Tuesday, December 31st. Xerox's payout ratio is presently -9.06%.

Analysts Set New Price Targets

XRX has been the topic of a number of recent analyst reports. StockNews.com cut Xerox from a "buy" rating to a "hold" rating in a report on Sunday. JPMorgan Chase & Co. cut their price objective on Xerox from $11.00 to $8.00 and set an "underweight" rating for the company in a report on Wednesday, October 30th. Loop Capital dropped their price target on Xerox from $14.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday, August 14th. Finally, Morgan Stanley decreased their price objective on Xerox from $10.00 to $8.00 and set an "underweight" rating for the company in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $9.50.

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.