XTX Topco Ltd Acquires 146,503 Shares of 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 position in Xerox Holdings Co. (NYSE:XRX - Free Report) by 440.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.14% of Xerox worth $868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP lifted its holdings in Xerox by 137.7% during the first quarter. Allworth Financial LP now owns 6,014 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 3,484 shares in the last quarter. Larson Financial Group LLC lifted its position in Xerox by 331.8% in the 1st quarter. Larson Financial Group LLC now owns 6,507 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 5,000 shares in the last quarter. GAMMA Investing LLC raised its stake 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 during the period. TD Waterhouse Canada Inc. acquired a new position in shares of Xerox during the fourth quarter worth about $51,000. Finally, Summit Trail Advisors LLC acquired a new stake in Xerox in the 1st quarter valued at approximately $57,000. Institutional investors own 85.36% of the company's stock.

Xerox Stock Down 1.5%

Shares of XRX traded down $0.06 during mid-day trading on Tuesday, hitting $4.07. 3,220,700 shares of the company's stock were exchanged, compared to its average volume of 4,081,149. The company has a 50-day simple moving average of $5.26 and a 200 day simple moving average of $5.79. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84. The company has a market cap of $511.97 million, a PE ratio of -0.38 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.

Xerox (NYSE:XRX - Get Free Report) last issued its quarterly 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 positive return on equity of 7.57% and a negative net margin of 21.24%. The business's revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. On average, research analysts forecast that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.

Xerox Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, June 30th. Xerox's dividend payout ratio is -0.87%.

Insiders Place Their Bets

In related news, CEO Steven John Bandrowczak purchased 22,300 shares of the company's stock in a transaction that occurred 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 purchase, the chief executive officer directly owned 382,442 shares in the company, valued at $1,713,340.16. This trade represents a 6.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A. Scott Letier bought 29,600 shares of the business's stock in a transaction on Friday, August 1st. The shares were acquired at an average price of $3.95 per share, with a total value of $116,920.00. Following the completion of the purchase, the director directly owned 58,984 shares of the company's stock, valued at approximately $232,986.80. The trade was a 100.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 117,079 shares of company stock worth $502,045 in the last quarter. 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.