Royce & Associates LP Has $311,000 Stock Position in Xerox Holdings Co. (NYSE:XRX)

Royce & Associates LP lowered its stake in Xerox Holdings Co. (NYSE:XRX - Free Report) by 95.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,854 shares of the information technology services provider's stock after selling 705,335 shares during the period. Royce & Associates LP's holdings in Xerox were worth $311,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of XRX. Geode Capital Management LLC boosted its position 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 worth $29,161,000 after purchasing an additional 62,947 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Xerox by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,812,102 shares of the information technology services provider's stock worth $15,276,000 after buying an additional 92,495 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Xerox by 6.7% in the 4th 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 acquiring an additional 69,182 shares during the last quarter. Empowered Funds LLC raised its position in shares of Xerox by 8.2% in the 4th quarter. Empowered Funds LLC now owns 606,748 shares of the information technology services provider's stock valued at $5,115,000 after acquiring an additional 46,212 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Xerox by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 560,966 shares of the information technology services provider's stock valued at $4,729,000 after acquiring an additional 15,899 shares during the period. Institutional investors own 85.36% of the company's stock.

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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 equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $9.50.

Xerox Stock Down 4.0 %

Shares of NYSE:XRX traded down $0.22 during trading on Tuesday, hitting $5.26. 5,706,274 shares of the company's stock traded hands, compared to its average volume of 2,449,836. The company 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 52 week low of $5.28 and a 52 week high of $18.18. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The company has a market cap of $658.98 million, a price-to-earnings ratio of -0.49 and a beta of 1.66.

Xerox Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 9.51%. The ex-dividend date of this dividend is Monday, March 31st. Xerox's dividend payout ratio 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.