19,309 Shares in Xerox Holdings Co. (NYSE:XRX) Purchased by AXQ Capital LP

AXQ Capital LP purchased a new stake in Xerox Holdings Co. (NYSE:XRX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,309 shares of the information technology services provider’s stock, valued at approximately $163,000.

Several other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Xerox by 10.0% in the 3rd quarter. Victory Capital Management Inc. now owns 206,368 shares of the information technology services provider’s stock worth $2,142,000 after acquiring an additional 18,819 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Xerox in the third quarter worth $1,626,000. Intech Investment Management LLC bought a new stake in shares of Xerox during the third quarter worth $498,000. Charles Schwab Investment Management Inc. increased its stake in shares of Xerox by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,719,607 shares of the information technology services provider’s stock valued at $17,850,000 after buying an additional 107,580 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Xerox by 112.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 47,869 shares of the information technology services provider’s stock valued at $497,000 after buying an additional 25,339 shares during the last quarter. 85.36% of the stock is owned by institutional investors.

Xerox Trading Down 0.5 %

Shares of XRX opened at $5.48 on Tuesday. The stock’s fifty day simple moving average is $7.62 and its 200-day simple moving average is $8.75. The firm has a market capitalization of $686.54 million, a PE ratio of -0.51 and a beta of 1.66. Xerox Holdings Co. has a 12-month low of $5.28 and a 12-month high of $18.18. The company has a quick ratio of 0.84, a current ratio of 1.11 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 paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 9.12%. The ex-dividend date of this dividend is Monday, March 31st. Xerox’s dividend payout ratio (DPR) is presently -4.66%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, Xerox has an average rating of “Reduce” and an average 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.