Xerox Holdings Co. (NYSE:XRX) Shares Bought by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC raised its stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 200,447.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 218,597 shares of the information technology services provider's stock after buying an additional 218,488 shares during the period. Coppell Advisory Solutions LLC owned about 0.18% of Xerox worth $1,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of XRX. Barclays PLC lifted its holdings 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 during the period. Geode Capital Management LLC lifted its stake in shares of Xerox by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,808,775 shares of the information technology services provider's stock valued at $29,161,000 after purchasing an additional 62,947 shares during the period. Tidal Investments LLC boosted its holdings in Xerox by 26.1% during the third quarter. Tidal Investments LLC now owns 68,359 shares of the information technology services provider's stock worth $710,000 after buying an additional 14,164 shares in the last quarter. Sound Income Strategies LLC grew its position in Xerox by 6.7% during the fourth 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 buying an additional 69,182 shares during the period. Finally, KBC Group NV increased its holdings in Xerox by 84.5% in the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider's stock valued at $78,000 after buying an additional 4,224 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Xerox Stock Performance

NYSE:XRX opened at $4.09 on Wednesday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The stock has a market capitalization of $514.42 million, a PE ratio of -0.38 and a beta of 1.56. Xerox Holdings Co. has a fifty-two week low of $3.45 and a fifty-two week high of $15.20. The company has a fifty day moving average of $5.57 and a two-hundred day moving average of $7.82.

Xerox Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 12.22%. The ex-dividend date of this dividend is Monday, March 31st. Xerox's dividend payout ratio is presently -4.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Xerox from a "buy" rating to a "hold" rating in a research 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 stock. According to MarketBeat, Xerox presently has an average rating of "Reduce" and an average 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.

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