Xerox Holdings Co. (NYSE:XRX) Stock Holdings Boosted by Picton Mahoney Asset Management

Picton Mahoney Asset Management lifted its position in shares of Xerox Holdings Co. (NYSE:XRX) by 330.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,758 shares of the information technology services provider’s stock after acquiring an additional 2,885 shares during the period. Picton Mahoney Asset Management’s holdings in Xerox were worth $31,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of XRX. Connor Clark & Lunn Investment Management Ltd. grew its position in Xerox by 35.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 212,530 shares of the information technology services provider’s stock valued at $1,792,000 after buying an additional 55,878 shares in the last quarter. Wealthfront Advisers LLC bought a new position in Xerox in the 4th quarter valued at about $236,000. Marathon Trading Investment Management LLC bought a new position in Xerox in the 4th quarter valued at about $84,000. AlphaQuest LLC grew its position in Xerox by 25.9% in the 4th quarter. AlphaQuest LLC now owns 23,718 shares of the information technology services provider’s stock valued at $200,000 after buying an additional 4,882 shares in the last quarter. Finally, Amundi grew its position in Xerox by 175.6% in the 4th quarter. Amundi now owns 56,099 shares of the information technology services provider’s stock valued at $500,000 after buying an additional 35,745 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Xerox Price Performance

Shares of NYSE XRX opened at $5.77 on Tuesday. Xerox Holdings Co. has a twelve month low of $5.62 and a twelve month high of $18.18. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $722.87 million, a price-to-earnings ratio of -0.54 and a beta of 1.66. The firm has a 50-day moving average of $7.95 and a two-hundred day moving average of $8.94.

Xerox Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date of this dividend is Monday, March 31st. Xerox’s payout ratio is -4.66%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Xerox from a “buy” rating to a “hold” rating in a research 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. Based on data from MarketBeat.com, Xerox presently has a consensus rating of “Reduce” and an average target price 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.