SG Americas Securities LLC Takes Position in Xerox Holdings Co. (NYSE:XRX)

SG Americas Securities LLC acquired a new stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,716 shares of the information technology services provider's stock, valued at approximately $448,000. SG Americas Securities LLC owned 0.07% of Xerox as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in shares of Xerox by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 95,012 shares of the information technology services provider's stock valued at $801,000 after purchasing an additional 1,733 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Xerox by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,209 shares of the information technology services provider's stock worth $558,000 after acquiring an additional 2,320 shares during the period. Russell Investments Group Ltd. lifted its stake in Xerox by 3.0% in the fourth quarter. Russell Investments Group Ltd. now owns 87,466 shares of the information technology services provider's stock worth $737,000 after acquiring an additional 2,534 shares during the period. 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 worth $31,000 after acquiring an additional 2,885 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in Xerox by 5.7% in the first quarter. Yousif Capital Management LLC now owns 56,907 shares of the information technology services provider's stock worth $275,000 after acquiring an additional 3,091 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.

Insiders Place Their Bets

In other news, CFO Mirlanda Gecaj acquired 10,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were bought 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 owns 15,956 shares of the company's stock, valued at $70,365.96. This trade represents a 167.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director A. Scott Letier bought 25,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $4.43 per share, for a total transaction of $110,750.00. Following the purchase, the director now owns 29,384 shares of the company's stock, valued at approximately $130,171.12. This represents a 570.26% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 82,300 shares of company stock worth $364,254. 1.50% of the stock is owned by corporate insiders.

Xerox Stock Performance

Shares of XRX stock opened at $5.33 on Tuesday. The stock has a fifty day moving average of $4.96 and a 200 day moving average of $6.52. Xerox Holdings Co. has a 52 week low of $3.45 and a 52 week high of $13.41. The firm has a market capitalization of $670.46 million, a price-to-earnings ratio of -0.50 and a beta of 1.81. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61.

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 positive return on equity of 7.57% and a negative net margin of 21.24%. During the same period in the previous year, the business posted $0.06 earnings per share. Xerox's revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, research analysts expect that Xerox Holdings Co. will post 1.07 earnings per share for the current year.

Xerox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a $0.025 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a yield of 1.88%. Xerox's dividend payout ratio (DPR) is -0.95%.

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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