Nuveen Asset Management LLC Raises Position in Xerox Holdings Co. (NYSE:XRX)

Nuveen Asset Management LLC raised its holdings in Xerox Holdings Co. (NYSE:XRX - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 997,349 shares of the information technology services provider's stock after acquiring an additional 60,283 shares during the period. Nuveen Asset Management LLC owned approximately 0.80% of Xerox worth $8,408,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Occudo Quantitative Strategies LP acquired a new stake in shares of Xerox during the 4th quarter worth approximately $87,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Xerox by 3.6% during 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 buying an additional 2,320 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Xerox during the 4th quarter worth approximately $835,000. Gotham Asset Management LLC acquired a new stake in shares of Xerox during the 4th quarter worth approximately $525,000. Finally, Graham Capital Management L.P. acquired a new stake in shares of Xerox during the 4th quarter worth approximately $752,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Xerox Trading Down 1.0%

Xerox stock traded down $0.05 during trading on Monday, hitting $4.84. The company had a trading volume of 3,779,505 shares, compared to its average volume of 3,010,014. Xerox Holdings Co. has a 1-year low of $3.45 and a 1-year high of $14.81. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The company's 50 day simple moving average is $4.66 and its 200-day simple moving average is $6.89. The stock has a market cap of $608.82 million, a price-to-earnings ratio of -0.45 and a beta of 1.75.

Xerox (NYSE:XRX - Get Free Report) last posted 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 for the quarter was down 3.0% on a year-over-year basis. As a group, analysts expect that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

Xerox Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.025 dividend. The ex-dividend date is Monday, June 30th. Xerox's dividend payout ratio (DPR) is presently -0.95%.

Insider Activity at Xerox

In other Xerox news, CEO Steven John Bandrowczak purchased 22,300 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was bought at an average price of $4.48 per share, with a total value of $99,904.00. Following the transaction, the chief executive officer now directly owns 382,442 shares of the company's stock, valued at approximately $1,713,340.16. This represents a 6.19% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mirlanda Gecaj purchased 10,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $4.41 per share, with a total value of $44,100.00. Following the transaction, the chief financial officer now directly owns 15,956 shares in the company, valued at $70,365.96. This trade represents a 167.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 82,300 shares of company stock worth $364,254. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Xerox from a "buy" rating to a "hold" rating in a 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. Based on data from MarketBeat.com, Xerox presently has an average rating of "Reduce" and a consensus price target of $9.50.

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.