Xerox (NYSE:XRX) Reaches New 12-Month Low - Time to Sell?

Xerox Holdings Co. (NYSE:XRX - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $5.62 and last traded at $5.77, with a volume of 4291014 shares traded. The stock had previously closed at $5.79.

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 analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to MarketBeat.com, Xerox currently has a consensus rating of "Reduce" and an average price target of $9.50.

Xerox Trading Down 2.3 %

The stock has a market capitalization of $690.30 million, a PE ratio of -0.51 and a beta of 1.66. The company's 50 day moving average price is $7.76 and its two-hundred day moving average price is $8.86. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84.

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 given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 9.07%. The ex-dividend date is Monday, March 31st. Xerox's payout ratio is currently -4.66%.

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Institutional Investors Weigh In On Xerox

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Xerox by 7.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 549,551 shares of the information technology services provider's stock valued at $4,633,000 after acquiring an additional 36,420 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Xerox during the fourth quarter valued at about $1,375,000. Wexford Capital LP acquired a new stake in shares of Xerox during the fourth quarter valued at about $97,000. Two Sigma Advisers LP increased its position in shares of Xerox by 8.7% during the fourth quarter. Two Sigma Advisers LP now owns 289,750 shares of the information technology services provider's stock valued at $2,443,000 after acquiring an additional 23,100 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of Xerox by 1.0% during the fourth quarter. Two Sigma Investments LP now owns 452,329 shares of the information technology services provider's stock valued at $3,813,000 after acquiring an additional 4,552 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

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.