Nomura Holdings Inc. Grows Position in Xerox Holdings Co. $XRX

Key Points

• Nomura Holdings Inc. increased its stake in Xerox Holdings Co. by 244.2%, acquiring a total of 205,102 shares, raising its investment to approximately $991,000.
• Several hedge funds, including Federated Hermes Inc., also significantly boosted their holdings in Xerox, with Federated increasing its stake by 2,035.4%, now owning over 3.6 million shares.
• Xerox recently reported quarterly earnings with an EPS of ($0.64), missing consensus estimates, and declared a dividend of $0.025 per share to be paid out at the end of October.

Nomura Holdings Inc. grew its stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 244.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 205,102 shares of the information technology services provider's stock after purchasing an additional 145,516 shares during the quarter. Nomura Holdings Inc. owned approximately 0.16% of Xerox worth $991,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Xerox by 110.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,539 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 2,911 shares during the period. Allworth Financial LP boosted its stake in shares of Xerox by 137.7% during the first quarter. Allworth Financial LP now owns 6,014 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 3,484 shares during the period. Larson Financial Group LLC boosted its stake in shares of Xerox by 331.8% during the first quarter. Larson Financial Group LLC now owns 6,507 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 5,000 shares during the period. GAMMA Investing LLC boosted its stake in shares of Xerox by 569.7% during the first 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. Finally, FORA Capital LLC bought a new position in shares of Xerox during the first quarter valued at approximately $49,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

Insider Activity at Xerox

In related news, Director A. Scott Letier bought 29,600 shares of the business's stock in a transaction dated 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 purchase, the director owned 58,984 shares in the company, valued at approximately $232,986.80. The trade was a 100.74% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup assumed coverage on Xerox in a report on Monday, August 18th. They set a "neutral" rating and a $4.50 target price for the company. Zacks Research upgraded Xerox from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $6.83.

Xerox Stock Down 3.0%

XRX traded down $0.12 during trading on Tuesday, reaching $3.72. The stock had a trading volume of 1,286,890 shares, compared to its average volume of 4,048,973. The stock's 50 day moving average is $4.63 and its two-hundred day moving average is $4.99. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $467.45 million, a price-to-earnings ratio of -0.35 and a beta of 1.77. Xerox Holdings Co. has a one year low of $3.44 and a one year high of $11.29.

Xerox (NYSE:XRX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The information technology services provider reported ($0.64) earnings per share (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 prior year, the company posted $0.29 earnings per share. The firm's quarterly revenue was down .1% on a year-over-year basis. Xerox has set its FY 2025 guidance at EPS. As a group, analysts expect that Xerox Holdings Co. will post 1.07 earnings per share for the current year.

Xerox Dividend Announcement

The business also recently announced 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. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Xerox's dividend payout ratio is currently -0.87%.

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.