Xerox Holdings Co. (NYSE:XRX - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The company traded as low as $6.01 and last traded at $5.99, with a volume of 491525 shares traded. The stock had previously closed at $6.11.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of 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 company. According to MarketBeat.com, Xerox currently has a consensus rating of "Reduce" and a consensus price target of $9.50.
Check Out Our Latest Stock Analysis on Xerox
Xerox Trading Down 0.2 %
The company has a market cap of $725.38 million, a P/E ratio of -0.54 and a beta of 1.66. The stock's 50 day moving average is $8.00 and its 200-day moving average is $9.01. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61.
Xerox Cuts Dividend
The company 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 8.64%. The ex-dividend date of this dividend is Monday, March 31st. Xerox's payout ratio is -4.66%.
Hedge Funds Weigh In On Xerox
A number of hedge funds have recently bought and sold shares of XRX. Advisors Asset Management Inc. lifted its stake in Xerox by 9.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 796,609 shares of the information technology services provider's stock valued at $8,269,000 after acquiring an additional 69,183 shares during the period. Empowered Funds LLC lifted its stake in Xerox by 8.2% during 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. Charles Schwab Investment Management Inc. lifted its stake in Xerox by 6.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,719,607 shares of the information technology services provider's stock valued at $17,850,000 after acquiring an additional 107,580 shares during the period. Sound Income Strategies LLC lifted its stake in Xerox by 6.7% during 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 period. Finally, Geode Capital Management LLC lifted its stake in Xerox by 2.3% during 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 acquiring an additional 62,947 shares during the period. Institutional investors own 85.36% of the company's stock.
About Xerox
(
Get Free Report)
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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