Caxton Associates LLP Purchases Shares of 489,223 Xerox Holdings Co. $XRX

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 stake in Xerox Holdings Co. (NYSE:XRX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XRX. Raymond James Financial Inc. acquired a new stake in shares of Xerox in the fourth quarter worth about $208,000. Price T Rowe Associates Inc. MD lifted its position in shares of Xerox by 9.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 84,551 shares of the information technology services provider's stock worth $713,000 after buying an additional 7,522 shares during the last quarter. Northern Trust Corp lifted its position in shares of Xerox by 7.7% in the fourth quarter. Northern Trust Corp now owns 1,405,471 shares of the information technology services provider's stock worth $11,848,000 after buying an additional 100,900 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Xerox in the fourth quarter worth about $4,101,000. Finally, Deutsche Bank AG lifted its position in shares of Xerox by 103.8% in the fourth quarter. Deutsche Bank AG now owns 138,852 shares of the information technology services provider's stock worth $1,171,000 after buying an additional 70,724 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analysts Set New Price Targets

XRX has been the subject of a number of analyst reports. Citigroup initiated coverage on Xerox in a research report on Monday, August 18th. They issued a "neutral" rating and a $4.50 price target for the company. Zacks Research raised Xerox from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $6.83.

Xerox Stock Performance

XRX stock traded down $0.02 on Friday, reaching $3.68. 3,647,820 shares of the company were exchanged, compared to its average volume of 4,066,538. Xerox Holdings Co. has a 12 month low of $3.44 and a 12 month high of $11.29. The stock's fifty day moving average price is $4.48 and its 200 day moving average price is $4.89. The firm has a market capitalization of $463.05 million, a PE ratio of -0.34 and a beta of 1.77. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84.

Xerox (NYSE:XRX - Get Free Report) last announced its earnings results on Thursday, July 31st. The information technology services provider reported ($0.64) earnings per share (EPS) 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%.During the same quarter in the prior year, the business posted $0.29 EPS. The firm's revenue was down .1% on a year-over-year basis. Xerox has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

Xerox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Xerox's payout ratio is -0.87%.

Insider Transactions at Xerox

In other Xerox news, Director A. Scott Letier purchased 29,600 shares of the stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $3.95 per share, with a total value of $116,920.00. Following the acquisition, the director directly owned 58,984 shares of the company's stock, valued at $232,986.80. This represents a 100.74% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.50% of the stock is owned by company insiders.

About Xerox

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.