Xerox Holdings Co. $XRX Shares Purchased by Nomura Holdings Inc.

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. raised its holdings in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 244.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,102 shares of the information technology services provider's stock after purchasing an additional 145,516 shares during the period. Nomura Holdings Inc. owned 0.16% of Xerox worth $991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in shares of Xerox by 2,035.4% in the first quarter. Federated Hermes Inc. now owns 3,682,002 shares of the information technology services provider's stock worth $17,784,000 after buying an additional 3,509,574 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Xerox by 2,846.8% in the 4th 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 acquiring an additional 1,090,661 shares during the period. Nuveen LLC acquired a new stake in Xerox during the 1st quarter worth about $4,765,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Xerox by 348.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 953,827 shares of the information technology services provider's stock worth $4,607,000 after acquiring an additional 741,297 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Xerox in the fourth quarter valued at about $4,101,000. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on XRX shares. Citigroup initiated 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 shares of Xerox from a "strong sell" rating to a "hold" rating in a research note on Wednesday. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $6.83.

Xerox Stock Performance

Shares of XRX traded up $0.04 during trading hours on Friday, hitting $3.92. The stock had a trading volume of 3,497,735 shares, compared to its average volume of 4,060,556. The firm has a market capitalization of $493.25 million, a price-to-earnings ratio of -0.36 and a beta of 1.77. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The firm has a 50-day moving average price of $4.66 and a 200 day moving average price of $5.04. Xerox Holdings Co. has a fifty-two week low of $3.44 and a fifty-two week high of $11.29.

Xerox (NYSE:XRX - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The information technology services provider reported ($0.64) earnings per share 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 quarter last 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, research analysts anticipate that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Xerox's dividend payout ratio (DPR) is presently -0.87%.

Insider Activity at Xerox

In other Xerox news, Director A. Scott Letier bought 29,600 shares of Xerox stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of $3.95 per share, with a total value of $116,920.00. Following the purchase, the director directly owned 58,984 shares in the company, valued at $232,986.80. This represents a 100.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

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.