XTX Topco Ltd Has $868,000 Holdings in Xerox Holdings Co. (NYSE:XRX)

Key Points

• XTX Topco Ltd significantly increased its stake in Xerox by 440.2% during the 1st quarter, owning 179,787 shares valued at approximately $868,000.
• Xerox's stock rose by 5.1%, trading at $4.13, while the company struggles with negative earnings with a P/E ratio of -0.38 and reported a loss of $0.64 EPS in its latest earnings report.
• The company declared a quarterly dividend of $0.025 per share, representing a 2.4% yield, despite a -0.87% payout ratio.

XTX Topco Ltd lifted its holdings in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 440.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,787 shares of the information technology services provider's stock after acquiring an additional 146,503 shares during the period. XTX Topco Ltd owned 0.14% of Xerox worth $868,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. TD Waterhouse Canada Inc. acquired a new stake in shares of Xerox in the 4th quarter valued at approximately $51,000. Allworth Financial LP lifted its holdings in Xerox by 137.7% in the first quarter. Allworth Financial LP now owns 6,014 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 3,484 shares during the period. Larson Financial Group LLC grew its stake in shares of Xerox by 331.8% during the 1st quarter. Larson Financial Group LLC now owns 6,507 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 5,000 shares during the period. GAMMA Investing LLC increased its holdings in shares of Xerox by 569.7% in the 1st quarter. GAMMA Investing LLC now owns 7,045 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 5,993 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Xerox by 48.9% in the fourth quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider's stock valued at $85,000 after purchasing an additional 3,319 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Xerox Price Performance

NYSE XRX traded up $0.04 during mid-day trading on Thursday, hitting $4.21. The stock had a trading volume of 2,148,641 shares, compared to its average volume of 4,075,305. The company has a 50 day simple moving average of $5.23 and a 200 day simple moving average of $5.76. The company has a market cap of $528.95 million, a price-to-earnings ratio of -0.39 and a beta of 1.80. Xerox Holdings Co. has a 52-week low of $3.44 and a 52-week high of $11.42. 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 posted its quarterly earnings data on Thursday, July 31st. The information technology services provider reported ($0.64) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.71). 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 firm posted $0.29 EPS. The business's revenue for the quarter was down .1% on a year-over-year basis. Equities analysts forecast that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

Xerox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.4%. Xerox's dividend payout ratio (DPR) is -0.87%.

Insider Transactions at Xerox

In related news, Director A. Scott Letier bought 29,600 shares of the company's stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $3.95 per share, with a total value of $116,920.00. Following the completion of the transaction, the director directly owned 58,984 shares of the company's stock, valued at approximately $232,986.80. This represents a 100.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mirlanda Gecaj bought 10,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was purchased at an average price of $4.41 per share, with a total value of $44,100.00. Following the transaction, the chief financial officer owned 15,956 shares in the company, valued at $70,365.96. The trade was a 167.90% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 117,079 shares of company stock valued at $502,045 over the last 90 days. Insiders own 1.50% of the company's stock.

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.