Xerox Holdings Co. (NYSE:XRX) Shares Purchased by Man Group plc

Man Group plc grew its stake in Xerox Holdings Co. (NYSE:XRX - Free Report) by 249.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 402,359 shares of the information technology services provider's stock after purchasing an additional 287,172 shares during the period. Man Group plc owned about 0.32% of Xerox worth $3,392,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Nuveen Asset Management LLC boosted its position in Xerox by 6.4% in the 4th quarter. Nuveen Asset Management LLC now owns 997,349 shares of the information technology services provider's stock worth $8,408,000 after purchasing an additional 60,283 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new stake in Xerox in the 4th quarter worth approximately $87,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Xerox by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,209 shares of the information technology services provider's stock worth $558,000 after purchasing an additional 2,320 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Xerox in the 4th quarter worth approximately $835,000. Finally, Gotham Asset Management LLC purchased a new stake in Xerox in the 4th quarter worth approximately $525,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Insider Transactions at Xerox

In other news, COO John G. Bruno acquired 25,000 shares of Xerox stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $4.38 per share, with a total value of $109,500.00. Following the purchase, the chief operating officer now owns 259,775 shares in the company, valued at $1,137,814.50. This trade represents a 10.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mirlanda Gecaj acquired 10,000 shares of Xerox stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $4.41 per share, with a total value of $44,100.00. Following the completion of the purchase, the chief financial officer now owns 15,956 shares in the company, valued at $70,365.96. The trade was a 167.90% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 82,300 shares of company stock valued at $364,254 in the last three months. 1.50% of the stock is currently owned by company insiders.

Xerox Price Performance

Shares of XRX stock traded up $0.35 during trading hours on Tuesday, hitting $4.84. 7,553,678 shares of the company's stock were exchanged, compared to its average volume of 2,969,918. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. The firm has a market cap of $608.82 million, a P/E ratio of -0.45 and a beta of 1.75. The firm has a 50 day moving average of $4.70 and a two-hundred day moving average of $7.01. Xerox Holdings Co. has a fifty-two week low of $3.45 and a fifty-two week high of $14.81.

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 positive return on equity of 7.57% and a negative net margin of 21.24%. The business's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. Sell-side analysts forecast that Xerox Holdings Co. will post 1.07 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered 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 assigned a hold rating to the company. According to MarketBeat, Xerox currently has an average rating of "Reduce" and a consensus price target of $9.50.

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.