Caxton Associates LP Trims Position in Xerox Holdings Co. (NYSE:XRX)

Caxton Associates LP trimmed its position in Xerox Holdings Co. (NYSE:XRX - Free Report) by 55.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 160,352 shares of the information technology services provider's stock after selling 202,381 shares during the quarter. Caxton Associates LP owned 0.13% of Xerox worth $1,352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XRX. Barclays PLC boosted its holdings in shares of Xerox by 55.5% during the third quarter. Barclays PLC now owns 469,106 shares of the information technology services provider's stock worth $4,869,000 after purchasing an additional 167,500 shares during the period. Tidal Investments LLC grew its position in shares of Xerox by 26.1% in the 3rd quarter. Tidal Investments LLC now owns 68,359 shares of the information technology services provider's stock worth $710,000 after buying an additional 14,164 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Xerox by 6.7% during the fourth quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider's stock valued at $9,296,000 after buying an additional 69,182 shares during the period. KBC Group NV raised its holdings 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 acquiring an additional 4,224 shares in the last quarter. Finally, Prism Advisors Inc. purchased a new stake in Xerox in the fourth quarter worth $103,000. 85.36% of the stock is currently owned by institutional investors.

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's stock. Based on data from MarketBeat, Xerox presently has an average rating of "Reduce" and an average price target of $9.50.

Xerox Stock Down 1.3 %

Shares of XRX stock traded down $0.07 during mid-day trading on Friday, reaching $5.52. 2,746,849 shares of the company's stock traded hands, compared to its average volume of 2,823,843. The company's 50-day moving average price is $4.88 and its 200-day moving average price is $7.33. The company has a market cap of $694.28 million, a P/E ratio of -0.51 and a beta of 1.75. 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 Holdings Co. has a 12 month low of $3.45 and a 12 month high of $14.81.

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

Xerox Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 9.06%. The ex-dividend date of this dividend was Monday, March 31st. Xerox's payout ratio is -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.