Shares of Xerox Holdings Co. (NYSE:XRX - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $6.01 and last traded at $5.99, with a volume of 491525 shares. The stock had previously closed at $6.11.
Analyst Ratings Changes
Separately, StockNews.com cut Xerox from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Three research 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.com, the stock has a consensus rating of "Reduce" and an average target price of $9.50.
Check Out Our Latest Stock Analysis on XRX
Xerox Price Performance
The company has a market cap of $725.38 million, a P/E ratio of -0.54 and a beta of 1.66. The company has a fifty day moving average price of $8.00 and a two-hundred day moving average price of $8.99. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11.
Xerox Cuts Dividend
The company also recently announced 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 annualized dividend and a yield of 8.64%. Xerox's dividend payout ratio (DPR) is currently -4.66%.
Institutional Investors Weigh In On Xerox
Hedge funds have recently bought and sold shares of the company. Gladius Capital Management LP acquired a new stake in Xerox in the 3rd quarter valued at about $29,000. Picton Mahoney Asset Management lifted 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. TD Waterhouse Canada Inc. acquired a new stake in Xerox in the 4th quarter valued at about $51,000. US Bancorp DE lifted its stake in Xerox by 42.3% in the 3rd quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider's stock valued at $66,000 after purchasing an additional 1,888 shares during the last quarter. Finally, KBC Group NV lifted its stake in Xerox by 84.5% in the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider's stock valued at $78,000 after purchasing an additional 4,224 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.
Xerox Company Profile
(
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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