74,609 Shares in Xerox Holdings Co. $XRX Acquired by Dynamic Technology Lab Private Ltd

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 purchased a new stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. raised its holdings in 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 acquiring an additional 3,509,574 shares during the period. Paradigm Capital Management Inc. NY boosted its holdings in shares of Xerox by 2,392.4% during the first quarter. Paradigm Capital Management Inc. NY now owns 1,246,200 shares of the information technology services provider's stock worth $6,019,000 after acquiring an additional 1,196,200 shares during the period. Point72 Asset Management L.P. grew its position in shares of Xerox by 2,846.8% in the fourth 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 during the last quarter. Nuveen LLC bought a new position in shares of Xerox during the first quarter worth approximately $4,765,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Xerox by 348.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 953,827 shares of the information technology services provider's stock worth $4,607,000 after purchasing an additional 741,297 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Xerox Price Performance

XRX stock traded up $0.32 during mid-day trading on Thursday, hitting $3.99. The stock had a trading volume of 6,077,848 shares, compared to its average volume of 4,098,184. The firm has a fifty day simple moving average of $4.35 and a 200 day simple moving average of $4.83. The firm has a market capitalization of $502.06 million, a P/E ratio of -0.37 and a beta of 1.77. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. Xerox Holdings Co. has a 52 week low of $3.44 and a 52 week high of $11.29.

Xerox (NYSE:XRX - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The information technology services provider reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the business posted $0.29 EPS. The company's revenue for the quarter was down .1% on a year-over-year basis. Xerox has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.5%. Xerox's payout ratio is -0.87%.

Wall Street Analyst Weigh In

Several research firms have weighed in on XRX. Citigroup began coverage on Xerox in a research report on Monday, August 18th. They set a "neutral" rating and a $4.50 price objective on the stock. Zacks Research upgraded shares of Xerox from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 3rd. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $6.83.

Insider Buying and Selling at Xerox

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

Xerox Company 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.