Public Sector Pension Investment Board Has $1.77 Million Stock Position in Xerox Holdings Co. $XRX

Key Points

• The Public Sector Pension Investment Board increased its stake in Xerox Holdings Co. by 27.3% during the first quarter, now owning approximately 0.29% of the company, worth around $1.77 million.
• COO John G. Bruno and Director A. Scott Letier both made significant insider purchases, increasing their respective holdings by 10.65% and 100.74% recently.
• Xerox's stock has seen a decline of 3.3%, with a current share price around $3.82, and the company reported a quarterly loss, missing earnings expectations significantly.

Public Sector Pension Investment Board lifted its position in Xerox Holdings Co. (NYSE:XRX - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 366,953 shares of the information technology services provider's stock after acquiring an additional 78,728 shares during the period. Public Sector Pension Investment Board owned about 0.29% of Xerox worth $1,772,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Yousif Capital Management LLC grew its position in Xerox by 5.7% during the first quarter. Yousif Capital Management LLC now owns 56,907 shares of the information technology services provider's stock valued at $275,000 after purchasing an additional 3,091 shares in the last quarter. Deutsche Bank AG grew its position in Xerox by 103.8% in the fourth quarter. Deutsche Bank AG now owns 138,852 shares of the information technology services provider's stock worth $1,171,000 after acquiring an additional 70,724 shares in the last quarter. GAMMA Investing LLC grew its position in Xerox by 569.7% in the first quarter. GAMMA Investing LLC now owns 7,045 shares of the information technology services provider's stock worth $34,000 after acquiring an additional 5,993 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Xerox in the first quarter worth approximately $72,000. Finally, Nuveen Asset Management LLC grew its position in Xerox by 6.4% in the fourth quarter. Nuveen Asset Management LLC now owns 997,349 shares of the information technology services provider's stock worth $8,408,000 after acquiring an additional 60,283 shares in the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup started coverage on shares of Xerox in a research report on Monday, August 18th. They issued a "neutral" rating and a $4.50 target price for the company. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Sell" and an average price target of $6.83.

Xerox Stock Performance

NYSE:XRX traded up $0.16 during trading hours on Friday, hitting $3.85. 4,876,671 shares of the company traded hands, compared to its average volume of 4,086,003. The stock has a market capitalization of $484.44 million, a price-to-earnings ratio of -0.36 and a beta of 1.79. Xerox Holdings Co. has a twelve month low of $3.44 and a twelve month high of $11.42. The firm has a 50-day moving average of $4.96 and a 200 day moving average of $5.32. 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 (NYSE:XRX - Get Free Report) last released its earnings results on Thursday, July 31st. The information technology services provider reported ($0.64) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.71). Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. Xerox has set its FY 2025 guidance at EPS. On average, analysts forecast that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.025 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.6%. Xerox's dividend payout ratio is currently -0.87%.

Insider Activity

In other Xerox news, Director A. Scott Letier acquired 29,600 shares of the company's stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $3.95 per share, for a total transaction of $116,920.00. Following the purchase, the director owned 58,984 shares in the company, valued at $232,986.80. This represents a 100.74% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate 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.