Nisa Investment Advisors LLC Purchases 21,897 Shares of Xerox Holdings Co. (NYSE:XRX)

Nisa Investment Advisors LLC lifted its position in Xerox Holdings Co. (NYSE:XRX) by 42.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,147 shares of the information technology services provider’s stock after purchasing an additional 21,897 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Xerox were worth $778,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in XRX. Wealth Enhancement Advisory Services LLC increased its stake in Xerox by 24.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,600 shares of the information technology services provider’s stock worth $183,000 after acquiring an additional 3,444 shares during the last quarter. International Assets Investment Management LLC increased its stake in Xerox by 938.0% during the third quarter. International Assets Investment Management LLC now owns 8,304 shares of the information technology services provider’s stock worth $800,000 after acquiring an additional 7,504 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Xerox by 1,960.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 163,163 shares of the information technology services provider’s stock worth $1,694,000 after acquiring an additional 155,244 shares during the last quarter. Creative Planning bought a new stake in Xerox during the third quarter worth approximately $225,000. Finally, Wedge Capital Management L L P NC increased its stake in Xerox by 21.4% during the third quarter. Wedge Capital Management L L P NC now owns 193,994 shares of the information technology services provider’s stock worth $2,014,000 after acquiring an additional 34,216 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Xerox Trading Up 1.2 %

XRX stock opened at $8.39 on Tuesday. The company has a market capitalization of $1.04 billion, a PE ratio of -0.76 and a beta of 1.59. Xerox Holdings Co. has a 12 month low of $8.02 and a 12 month high of $19.78. The firm’s 50-day moving average is $10.27 and its 200 day moving average is $11.73. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.26 and a quick ratio of 1.13.

Xerox (NYSE:XRX) last posted its earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.26). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Xerox had a negative net margin of 21.31% and a positive return on equity of 6.60%. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. On average, research analysts anticipate that Xerox Holdings Co. will post 1.55 EPS for the current year.

Xerox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date is Tuesday, December 31st. Xerox’s dividend payout ratio (DPR) is -9.06%.

Analysts Set New Price Targets

Several research analysts have issued reports on XRX shares. StockNews.com lowered Xerox from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. cut 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. Loop Capital decreased their target price on Xerox from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Finally, Morgan Stanley cut their price target on shares of Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, Xerox has a consensus rating of “Reduce” and a consensus price target of $9.50.

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.