First Trust Advisors LP Purchases 318,750 Shares of Xerox Holdings Co. (NYSE:XRX)

First Trust Advisors LP grew its position in Xerox Holdings Co. (NYSE:XRX - Free Report) by 47.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 990,120 shares of the information technology services provider's stock after buying an additional 318,750 shares during the quarter. First Trust Advisors LP owned 0.80% of Xerox worth $8,347,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its stake in Xerox by 330.5% during the fourth quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 2,885 shares during the last quarter. KBC Group NV boosted its stake in Xerox by 84.5% in the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider's stock valued at $78,000 after buying an additional 4,224 shares in the last quarter. Marathon Trading Investment Management LLC bought a new position in shares of Xerox in the fourth quarter worth about $84,000. Sterling Capital Management LLC boosted its stake in shares of Xerox by 48.9% in the 4th 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 in the last quarter. Finally, Xponance Inc. bought a new stake in shares of Xerox during the 4th quarter valued at approximately $87,000. Institutional investors own 85.36% of the company's stock.

Xerox Trading Up 11.5 %

NYSE:XRX traded up $0.50 during mid-day trading on Friday, hitting $4.84. 5,761,218 shares of the company's stock were exchanged, compared to its average volume of 2,748,988. Xerox Holdings Co. has a fifty-two week low of $3.45 and a fifty-two week high of $14.81. 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 firm has a market capitalization of $608.75 million, a P/E ratio of -0.45 and a beta of 1.56. The company has a 50 day simple moving average of $5.06 and a 200-day simple moving average of $7.55.

Xerox (NYSE:XRX - Get Free Report) last issued 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 positive return on equity of 7.57% and a negative net margin of 21.24%. Xerox's revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. As a group, research analysts expect that Xerox Holdings Co. will post 1.07 earnings per share for the current year.

Xerox Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.50 annualized dividend and a dividend yield of 10.33%. Xerox's payout ratio is -4.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Xerox from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $9.50.

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.