Xerox Holdings Co. (NYSE:XRX) Shares Bought by US Bancorp DE

US Bancorp DE lifted its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 42.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,353 shares of the information technology services provider’s stock after buying an additional 1,888 shares during the quarter. US Bancorp DE’s holdings in Xerox were worth $66,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. grew its position in shares of Xerox by 3.2% in the first quarter. Sei Investments Co. now owns 66,915 shares of the information technology services provider’s stock valued at $1,198,000 after purchasing an additional 2,095 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of Xerox by 22.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 47,944 shares of the information technology services provider’s stock valued at $858,000 after acquiring an additional 8,948 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Xerox by 81.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 165,498 shares of the information technology services provider’s stock worth $2,946,000 after acquiring an additional 74,147 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Xerox during the first quarter worth approximately $4,066,000. Finally, Covestor Ltd raised its stake in Xerox by 16.2% in the 1st quarter. Covestor Ltd now owns 10,512 shares of the information technology services provider’s stock valued at $188,000 after purchasing an additional 1,464 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on XRX shares. Loop Capital reduced their target price on shares of Xerox from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Morgan Stanley decreased their target price on shares of Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. StockNews.com lowered Xerox from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, JPMorgan Chase & Co. reduced their price objective on Xerox from $11.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $9.50.

Xerox Stock Up 0.5 %

Shares of NYSE XRX opened at $8.43 on Monday. Xerox Holdings Co. has a 1 year low of $8.02 and a 1 year high of $19.78. The company has a market capitalization of $1.05 billion, a P/E ratio of -0.76 and a beta of 1.59. The company has a 50 day simple moving average of $9.82 and a 200-day simple moving average of $11.31. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.26 and a quick ratio of 0.95.

Xerox (NYSE:XRX) last announced its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.26). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.63 billion. Xerox had a negative net margin of 21.31% and a positive return on equity of 6.60%. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. On average, equities research analysts predict that Xerox Holdings Co. will post 1.38 earnings per share for the current year.

Xerox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.86%. Xerox’s payout ratio is currently -9.06%.

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.