Xerox Holdings Co. (NYSE:XRX) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Xerox Holdings Co. (NYSE:XRX) by 61.3% in the fourth quarter, HoldingsChannel reports. The fund owned 28,300 shares of the information technology services provider’s stock after selling 44,847 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Xerox were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Tidal Investments LLC boosted its stake in shares of Xerox by 26.1% in the third quarter. Tidal Investments LLC now owns 68,359 shares of the information technology services provider’s stock valued at $710,000 after purchasing an additional 14,164 shares during the period. Geode Capital Management LLC increased its position in shares of Xerox by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,808,775 shares of the information technology services provider’s stock worth $29,161,000 after purchasing an additional 62,947 shares during the last quarter. Barclays PLC raised its stake in shares of Xerox by 55.5% in the 3rd quarter. Barclays PLC now owns 469,106 shares of the information technology services provider’s stock valued at $4,869,000 after purchasing an additional 167,500 shares in the last quarter. Stifel Financial Corp raised its position in shares of Xerox by 44.2% during the 3rd quarter. Stifel Financial Corp now owns 152,380 shares of the information technology services provider’s stock valued at $1,582,000 after acquiring an additional 46,708 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Xerox by 39.2% during the third quarter. Point72 Asset Management L.P. now owns 38,312 shares of the information technology services provider’s stock worth $398,000 after acquiring an additional 10,794 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Xerox Stock Performance

Shares of XRX opened at $8.62 on Thursday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -0.78 and a beta of 1.59. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 2.11. The company’s fifty day moving average is $8.94 and its 200-day moving average is $9.75. Xerox Holdings Co. has a 12 month low of $8.02 and a 12 month high of $19.78.

Xerox (NYSE:XRX) last issued its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.26). Xerox had a negative net margin of 21.31% and a positive return on equity of 6.60%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. Equities analysts expect that Xerox Holdings Co. will post 1.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on XRX. JPMorgan Chase & Co. lowered their target price on Xerox from $11.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley reduced their price target on shares of Xerox from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com raised shares of Xerox from a “hold” rating to a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.50.

About Xerox

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.