BNP Paribas Financial Markets Invests $4.10 Million in Xerox Holdings Co. (NYSE:XRX)

BNP Paribas Financial Markets acquired a new stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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.

A number of other hedge funds have also bought and sold shares of XRX. Picton Mahoney Asset Management grew its holdings in shares of Xerox by 330.5% in the fourth quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 2,885 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Xerox in the fourth quarter worth about $51,000. KBC Group NV lifted its position in shares of Xerox by 84.5% during the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider's stock valued at $78,000 after buying an additional 4,224 shares during the last quarter. Marathon Trading Investment Management LLC purchased a new stake in shares of Xerox during the fourth quarter valued at about $84,000. Finally, Sterling Capital Management LLC lifted its position in shares of Xerox by 48.9% during the fourth quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider's stock valued at $85,000 after buying an additional 3,319 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Xerox from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $9.50.

Xerox Stock Performance

NYSE:XRX traded up $0.10 during midday trading on Friday, hitting $5.54. The company's stock had a trading volume of 1,881,653 shares, compared to its average volume of 2,878,011. Xerox Holdings Co. has a fifty-two week low of $3.45 and a fifty-two week high of $14.81. The firm's 50 day moving average is $4.82 and its 200-day moving average is $7.18. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84. The firm has a market cap of $696.88 million, a P/E ratio of -0.52 and a beta of 1.75.

Xerox (NYSE:XRX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) EPS for the quarter, missing analysts' consensus estimates 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 business's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. Equities analysts anticipate that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.

Xerox Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a $0.125 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 9.03%. Xerox's dividend payout ratio is currently -4.74%.

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.