BNP Paribas Financial Markets bought a new position in Xerox Holdings Co. (NYSE:XRX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 486,450 shares of the information technology services provider's stock, valued at approximately $4,101,000. BNP Paribas Financial Markets owned about 0.39% of Xerox as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of XRX. Yousif Capital Management LLC increased its holdings in shares of Xerox by 2.8% in the 4th quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider's stock worth $454,000 after purchasing an additional 1,486 shares in the last quarter. Franklin Resources Inc. boosted its position in Xerox by 1.9% during the 4th quarter. Franklin Resources Inc. now owns 95,012 shares of the information technology services provider's stock valued at $801,000 after acquiring an additional 1,733 shares in the last quarter. Russell Investments Group Ltd. grew its position in Xerox by 3.0% during the 4th quarter. Russell Investments Group Ltd. now owns 87,466 shares of the information technology services provider's stock worth $737,000 after purchasing an additional 2,534 shares during the period. Picton Mahoney Asset Management grew its position in shares of Xerox by 330.5% during the 4th quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 2,885 shares during the period. Finally, Sterling Capital Management LLC lifted its stake in Xerox by 48.9% in the 4th quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider's stock worth $85,000 after purchasing an additional 3,319 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.
Xerox Stock Performance
NYSE:XRX traded up $0.02 during mid-day trading on Tuesday, hitting $5.42. The stock had a trading volume of 147,312 shares, compared to its average volume of 4,033,602. Xerox Holdings Co. has a 52 week low of $3.44 and a 52 week high of $14.81. The stock has a market capitalization of $681.28 million, a price-to-earnings ratio of -0.51 and a beta of 1.75. The company has a 50 day simple moving average of $4.81 and a 200-day simple moving average of $7.15. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61.
Xerox (NYSE:XRX - Get Free Report) last released its earnings results on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%. The firm's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share. On average, research analysts expect that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.
Xerox Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 9.23%. The ex-dividend date was Monday, March 31st. Xerox's dividend payout ratio (DPR) is presently -4.74%.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Xerox from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $9.50.
Read Our Latest Stock Analysis on Xerox
Xerox Company Profile
(
Free Report)
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.
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