Capital Fund Management S.A. Boosts Stake in Xerox Holdings Co. $XRX

Key Points

• Capital Fund Management S.A. increased its stake in Xerox Holdings by 101.8%, now holding approximately 304,000 shares valued at $1.47 million.
• Xerox reported a loss of ($0.64) EPS for the last quarter, significantly below analysts' expectations, with a negative net margin of 21.24%.
• Citigroup initiated coverage on Xerox with a "neutral" rating and a price target of $4.50, amidst an average rating of "Sell" from analysts.

Capital Fund Management S.A. increased its holdings in Xerox Holdings Co. (NYSE:XRX - Free Report) by 101.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 304,000 shares of the information technology services provider's stock after buying an additional 153,329 shares during the quarter. Capital Fund Management S.A. owned about 0.24% of Xerox worth $1,468,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Xerox in the 4th quarter worth approximately $208,000. First Trust Advisors LP grew its holdings in shares of Xerox by 47.5% in the fourth quarter. First Trust Advisors LP now owns 990,120 shares of the information technology services provider's stock worth $8,347,000 after acquiring an additional 318,750 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Xerox by 6.1% in the fourth quarter. MetLife Investment Management LLC now owns 69,876 shares of the information technology services provider's stock worth $589,000 after acquiring an additional 4,019 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Xerox by 8,378.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 55,196 shares of the information technology services provider's stock worth $465,000 after acquiring an additional 54,545 shares during the period. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of Xerox in the fourth quarter worth $51,000. 85.36% of the stock is currently owned by institutional investors.

Xerox Price Performance

XRX stock traded up $0.02 during trading on Thursday, reaching $3.90. The company's stock had a trading volume of 3,068,686 shares, compared to its average volume of 4,083,616. The company's fifty day moving average is $4.84 and its 200-day moving average is $5.23. Xerox Holdings Co. has a 1 year low of $3.44 and a 1 year high of $11.42. The company has a market capitalization of $490.73 million, a P/E ratio of -0.36 and a beta of 1.79. 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 (NYSE:XRX - Get Free Report) last released its quarterly earnings data 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 earnings per share. Xerox has set its FY 2025 guidance at EPS. On average, research analysts expect that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.

Xerox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.025 per share. 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 (DPR) is -0.87%.

Analyst Upgrades and Downgrades

Separately, Citigroup initiated coverage on shares of Xerox in a research note on Monday, August 18th. They issued a "neutral" rating and a $4.50 price objective on the stock. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Sell" and a consensus price target of $6.83.

Insider Activity

In related news, Director A. Scott Letier bought 29,600 shares of the stock in a transaction dated 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 completion of the acquisition, the director owned 58,984 shares of the company's stock, valued at $232,986.80. This represents a 100.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by insiders.

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.