489,223 Shares in Xerox Holdings Co. $XRX Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP acquired 489,223 shares of Xerox Holdings Co. in the 1st quarter, valued at approximately $2.36 million, bringing their total ownership to about 0.39% of the company.
• Several institutional investors, including PNC Financial Services Group and GAMMA Investing LLC, significantly increased their stakes in Xerox during the same period, with ownership by such investors now at 85.36%.
• Xerox reported a loss of $0.64 per share in its latest earnings, missing estimates by a substantial margin, and its stock currently has a price target of $6.83 according to analysts.

Caxton Associates LLP bought a new position in Xerox Holdings Co. (NYSE:XRX - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 489,223 shares of the information technology services provider's stock, valued at approximately $2,363,000. Caxton Associates LLP owned approximately 0.39% of Xerox as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XRX. PNC Financial Services Group Inc. boosted its position in Xerox by 110.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,539 shares of the information technology services provider's stock valued at $27,000 after buying an additional 2,911 shares during the period. Allworth Financial LP boosted its position in Xerox by 137.7% during the first quarter. Allworth Financial LP now owns 6,014 shares of the information technology services provider's stock valued at $29,000 after buying an additional 3,484 shares during the period. Larson Financial Group LLC boosted its position in Xerox by 331.8% during the first quarter. Larson Financial Group LLC now owns 6,507 shares of the information technology services provider's stock valued at $31,000 after buying an additional 5,000 shares during the period. GAMMA Investing LLC boosted its position in Xerox by 569.7% during the first quarter. GAMMA Investing LLC now owns 7,045 shares of the information technology services provider's stock valued at $34,000 after buying an additional 5,993 shares during the period. Finally, FORA Capital LLC purchased a new stake in Xerox during the first quarter valued at about $49,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Xerox

In related news, Director A. Scott Letier purchased 29,600 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $3.95 per share, with a total value of $116,920.00. Following the completion of the purchase, the director directly owned 58,984 shares in the company, valued at approximately $232,986.80. This represents a 100.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on XRX shares. Citigroup started coverage on shares of Xerox in a research report on Monday, August 18th. They set a "neutral" rating and a $4.50 price target for the company. Zacks Research upgraded shares of Xerox from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Xerox currently has an average rating of "Reduce" and an average price target of $6.83.

Xerox Stock Performance

Xerox stock opened at $3.83 on Tuesday. 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 firm has a 50-day moving average of $4.63 and a 200-day moving average of $4.99. The firm has a market cap of $481.93 million, a P/E ratio of -0.36 and a beta of 1.77. Xerox Holdings Co. has a 1-year low of $3.44 and a 1-year high of $11.29.

Xerox (NYSE:XRX - Get Free Report) last posted its earnings results on Thursday, July 31st. The information technology services provider reported ($0.64) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.71). Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%.The firm's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. Xerox has set its FY 2025 guidance at EPS. Sell-side analysts expect that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Xerox's dividend payout ratio is presently -0.87%.

Xerox 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.

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