Xerox Holdings Co. (NYSE:XRX) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its stake in Xerox Holdings Co. (NYSE:XRX - Free Report) by 113.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 376,250 shares of the information technology services provider's stock after purchasing an additional 200,350 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.30% of Xerox worth $3,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of XRX. Yousif Capital Management LLC boosted its holdings in Xerox by 2.8% in the 4th quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider's stock worth $454,000 after buying an additional 1,486 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Xerox by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 95,012 shares of the information technology services provider's stock worth $801,000 after acquiring an additional 1,733 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Xerox by 3.0% during the fourth quarter. Russell Investments Group Ltd. now owns 87,466 shares of the information technology services provider's stock worth $737,000 after purchasing an additional 2,534 shares in the last quarter. Picton Mahoney Asset Management raised its stake in Xerox by 330.5% in 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 purchasing an additional 2,885 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in Xerox by 48.9% in the 4th quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider's stock valued at $85,000 after purchasing an additional 3,319 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

Xerox Stock Performance

Shares of Xerox stock opened at $3.95 on Friday. 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 business's 50 day moving average price is $5.81 and its 200 day moving average price is $7.96. The company has a market cap of $496.81 million, a price-to-earnings ratio of -0.37 and a beta of 1.56. Xerox Holdings Co. has a one year low of $3.45 and a one year high of $16.77.

Xerox Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 12.66%. The ex-dividend date is Monday, March 31st. Xerox's dividend payout ratio is currently -4.66%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Xerox from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target 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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