Man Group plc Buys 287,172 Shares of Xerox Holdings Co. (NYSE:XRX)

Man Group plc lifted its position in Xerox Holdings Co. (NYSE:XRX - Free Report) by 249.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,359 shares of the information technology services provider's stock after buying an additional 287,172 shares during the quarter. Man Group plc owned about 0.32% of Xerox worth $3,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Picton Mahoney Asset Management lifted its stake in Xerox by 330.5% in the fourth quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 2,885 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in shares of Xerox in the 4th quarter valued at about $51,000. KBC Group NV lifted its stake in Xerox by 84.5% in the 4th 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 last quarter. Marathon Trading Investment Management LLC bought a new position in Xerox during the fourth quarter worth about $84,000. Finally, Sterling Capital Management LLC grew its holdings 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 purchasing an additional 3,319 shares during the period. 85.36% of the stock is owned by institutional investors.

Xerox Price Performance

NYSE:XRX opened at $5.07 on Thursday. The company has a market cap of $637.76 million, a P/E ratio of -0.47 and a beta of 1.75. The firm's fifty day moving average price is $4.78 and its two-hundred day moving average price is $7.13. Xerox Holdings Co. has a one year low of $3.45 and a one year high of $14.81. 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 (NYSE:XRX - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The information technology services provider reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. The company's quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. Equities analysts expect that Xerox Holdings Co. will post 1.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Xerox from a "buy" rating to a "hold" rating in a research note 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's stock. Based on data from MarketBeat, Xerox currently has a consensus rating of "Reduce" and a consensus target price 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.

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