Gotham Asset Management LLC Acquires New Holdings in Xerox Holdings Co. (NYSE:XRX)

Gotham Asset Management LLC bought a new stake in Xerox Holdings Co. (NYSE:XRX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 62,253 shares of the information technology services provider's stock, valued at approximately $525,000. Gotham Asset Management LLC owned approximately 0.05% of Xerox at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Xerox by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 15,763,679 shares of the information technology services provider's stock worth $132,888,000 after purchasing an additional 199,598 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Xerox by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,812,102 shares of the information technology services provider's stock worth $15,276,000 after purchasing an additional 92,495 shares during the period. Invesco Ltd. boosted its stake in Xerox by 5.9% during the 4th quarter. Invesco Ltd. now owns 1,706,086 shares of the information technology services provider's stock worth $14,382,000 after purchasing an additional 94,779 shares during the period. Northern Trust Corp boosted its stake in Xerox by 7.7% during the 4th quarter. Northern Trust Corp now owns 1,405,471 shares of the information technology services provider's stock worth $11,848,000 after purchasing an additional 100,900 shares during the period. Finally, Marshall Wace LLP raised its position in Xerox by 397.5% during the 4th quarter. Marshall Wace LLP now owns 1,378,215 shares of the information technology services provider's stock worth $11,618,000 after buying an additional 1,101,171 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Xerox Stock Performance

Xerox stock traded down $0.63 during trading hours on Friday, reaching $4.49. 13,368,112 shares of the stock were exchanged, compared to its average volume of 2,951,508. The stock has a market cap of $564.80 million, a P/E ratio of -0.42 and a beta of 1.75. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. Xerox Holdings Co. has a 52-week low of $3.45 and a 52-week high of $14.81. The firm's 50 day moving average is $4.74 and its 200 day moving average is $7.05.

Xerox (NYSE:XRX - Get Free Report) last announced 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 quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 EPS. Analysts predict that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.