Xerox (NYSE:XRX) Sets New 52-Week Low - Time to Sell?

Xerox Holdings Co. (NYSE:XRX - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $5.41 and last traded at $5.45, with a volume of 764189 shares traded. The stock had previously closed at $5.51.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Xerox from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat.com, Xerox currently has a consensus rating of "Reduce" and an average price target of $9.50.

Xerox Price Performance

The company has a fifty day moving average price of $7.40 and a two-hundred day moving average price of $8.67. The firm has a market capitalization of $640.81 million, a PE ratio of -0.48 and a beta of 1.66. 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 firm also recently announced 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.78%. Xerox's dividend payout ratio (DPR) is presently -4.66%.

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Institutional Trading of Xerox

Large investors have recently bought and sold shares of the business. Intech Investment Management LLC acquired a new stake in shares of Xerox during the third quarter worth about $498,000. Charles Schwab Investment Management Inc. lifted its position 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 worth $17,850,000 after acquiring an additional 107,580 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in shares of Xerox by 112.5% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 47,869 shares of the information technology services provider's stock valued at $497,000 after purchasing an additional 25,339 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Xerox by 112.4% in the third quarter. Quantbot Technologies LP now owns 199,773 shares of the information technology services provider's stock valued at $2,074,000 after purchasing an additional 105,737 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Xerox by 3.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 513,131 shares of the information technology services provider's stock worth $5,326,000 after purchasing an additional 17,913 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

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.