Dynamic Technology Lab Private Ltd Acquires Shares of 74,609 Xerox Holdings Co. $XRX

Key Points

• Dynamic Technology Lab Private Ltd has acquired a stake of 74,609 shares in Xerox Holdings Co., valued at approximately $360,000, which represents about 0.06% of the company.
• Xerox posted a loss of ($0.64) earnings per share for the last quarter, significantly missing analysts' expectations of $0.07 and marking a decline from $0.29 earnings per share a year ago.
• The company announced a quarterly dividend of $0.025 per share, resulting in a 2.7% dividend yield, with the dividend payout ratio currently at -0.87%.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 74,609 shares of the information technology services provider's stock, valued at approximately $360,000. Dynamic Technology Lab Private Ltd owned about 0.06% of Xerox as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of XRX. Federated Hermes Inc. increased its stake in shares of Xerox by 2,035.4% in the 1st quarter. Federated Hermes Inc. now owns 3,682,002 shares of the information technology services provider's stock valued at $17,784,000 after purchasing an additional 3,509,574 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in shares of Xerox by 2,392.4% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 1,246,200 shares of the information technology services provider's stock valued at $6,019,000 after purchasing an additional 1,196,200 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Xerox by 2,846.8% in the 4th quarter. Point72 Asset Management L.P. now owns 1,128,973 shares of the information technology services provider's stock valued at $9,517,000 after purchasing an additional 1,090,661 shares in the last quarter. Nuveen LLC purchased a new position in shares of Xerox in the 1st quarter valued at about $4,765,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Xerox by 348.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 953,827 shares of the information technology services provider's stock valued at $4,607,000 after purchasing an additional 741,297 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

Xerox Trading Down 0.5%

XRX opened at $3.68 on Friday. Xerox Holdings Co. has a one year low of $3.44 and a one year high of $11.29. The stock has a market capitalization of $463.05 million, a PE ratio of -0.34 and a beta of 1.77. The business's 50 day moving average price is $4.48 and its 200 day moving average price is $4.91. 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 (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 negative net margin of 21.24% and a positive return on equity of 7.57%. During the same period in the previous year, the business posted $0.29 earnings per share. The firm's revenue was down .1% compared to the same quarter last year. Xerox has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Dividend Announcement

The company 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.10 annualized dividend and a dividend yield of 2.7%. Xerox's dividend payout ratio (DPR) is presently -0.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citigroup assumed coverage on Xerox in a research note on Monday, August 18th. They set a "neutral" rating and a $4.50 price objective for the company. Zacks Research upgraded Xerox from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Xerox currently has a consensus rating of "Reduce" and an average price target of $6.83.

Insider Activity

In other news, Director A. Scott Letier acquired 29,600 shares of the company's stock in a transaction on Friday, August 1st. The shares were bought 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 in the company, valued at $232,986.80. This trade represents a 100.74% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company's stock.

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.

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