Deutsche Bank AG Acquires 70,724 Shares of Xerox Holdings Co. (NYSE:XRX)

Deutsche Bank AG grew its position in Xerox Holdings Co. (NYSE:XRX - Free Report) by 103.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,852 shares of the information technology services provider's stock after buying an additional 70,724 shares during the period. Deutsche Bank AG owned 0.11% of Xerox worth $1,171,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of XRX. Picton Mahoney Asset Management increased its holdings in shares of Xerox by 330.5% during the 4th quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 2,885 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of Xerox in the fourth quarter valued at about $51,000. KBC Group NV grew its holdings in shares of Xerox by 84.5% in the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider's stock valued at $78,000 after purchasing an additional 4,224 shares during the period. Marathon Trading Investment Management LLC purchased a new stake in shares of Xerox in the fourth quarter valued at about $84,000. Finally, Sterling Capital Management LLC boosted its stake in Xerox by 48.9% during the fourth quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider's stock worth $85,000 after buying an additional 3,319 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Xerox from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Three 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 presently has an average rating of "Reduce" and an average price target of $9.50.

Insider Buying and Selling

In other news, Director A. Scott Letier acquired 25,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of $4.43 per share, with a total value of $110,750.00. Following the acquisition, the director now owns 29,384 shares of the company's stock, valued at $130,171.12. This trade represents a 570.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven John Bandrowczak purchased 22,300 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average cost of $4.48 per share, for a total transaction of $99,904.00. Following the purchase, the chief executive officer now owns 382,442 shares in the company, valued at $1,713,340.16. This represents a 6.19% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 82,300 shares of company stock valued at $364,254 over the last three months. Company insiders own 1.50% of the company's stock.

Xerox Price Performance

Shares of NYSE XRX traded down $0.04 during trading on Friday, hitting $4.86. 458,148 shares of the company were exchanged, compared to its average volume of 2,984,352. The company has a market cap of $611.34 million, a price-to-earnings ratio of -0.45 and a beta of 1.75. 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 Holdings Co. has a 1 year low of $3.45 and a 1 year high of $14.81. The firm's fifty day moving average price is $4.68 and its 200 day moving average price is $6.96.

Xerox (NYSE:XRX - Get Free Report) last announced its earnings results on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. During the same quarter last year, the company posted $0.06 earnings per share. The company's revenue was down 3.0% on a year-over-year basis. On average, sell-side analysts expect that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.

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.