Voloridge Investment Management LLC Takes $1.38 Million Position in Xerox Holdings Co. (NYSE:XRX)

Voloridge Investment Management LLC bought a new stake in Xerox Holdings Co. (NYSE:XRX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 163,142 shares of the information technology services provider's stock, valued at approximately $1,375,000. Voloridge Investment Management LLC owned about 0.13% of Xerox as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of XRX. Wexford Capital LP acquired a new position in shares of Xerox during the fourth quarter worth $97,000. Two Sigma Advisers LP grew its position in Xerox by 8.7% during the 4th quarter. Two Sigma Advisers LP now owns 289,750 shares of the information technology services provider's stock worth $2,443,000 after acquiring an additional 23,100 shares during the last quarter. Two Sigma Investments LP increased its holdings in Xerox by 1.0% in the 4th quarter. Two Sigma Investments LP now owns 452,329 shares of the information technology services provider's stock worth $3,813,000 after purchasing an additional 4,552 shares in the last quarter. Tidal Investments LLC raised its position in Xerox by 6.7% in the fourth quarter. Tidal Investments LLC now owns 72,916 shares of the information technology services provider's stock valued at $615,000 after purchasing an additional 4,557 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Xerox by 2,846.8% during the fourth quarter. Point72 Asset Management L.P. now owns 1,128,973 shares of the information technology services provider's stock valued at $9,517,000 after purchasing an additional 1,090,661 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Xerox from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $9.50.

Insider Transactions at Xerox

In other Xerox news, CFO Mirlanda Gecaj bought 10,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $4.41 per share, for a total transaction of $44,100.00. Following the transaction, the chief financial officer now directly owns 15,956 shares in the company, valued at approximately $70,365.96. This trade represents a 167.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven John Bandrowczak bought 22,300 shares of the stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $4.48 per share, with a total value of $99,904.00. Following the completion of the acquisition, the chief executive officer now owns 382,442 shares of the company's stock, valued at $1,713,340.16. This represents a 6.19% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 82,300 shares of company stock worth $364,254. Company insiders own 1.50% of the company's stock.

Xerox Trading Down 1.0%

NYSE XRX traded down $0.05 on Monday, reaching $4.84. The company had a trading volume of 3,779,505 shares, compared to its average volume of 3,010,014. The firm has a market cap of $608.82 million, a price-to-earnings ratio of -0.45 and a beta of 1.75. 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 Holdings Co. has a fifty-two week low of $3.45 and a fifty-two week high of $14.81. The business has a 50 day moving average of $4.66 and a two-hundred day moving average of $6.89.

Xerox (NYSE:XRX - Get Free Report) last released 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%. During the same period in the prior year, the business posted $0.06 earnings per share. The company's revenue was down 3.0% on a year-over-year basis. Analysts forecast that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.025 per share. The ex-dividend date is Monday, June 30th. Xerox's payout ratio is -0.95%.

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.