Graham Capital Management L.P. Makes New Investment in Xerox Holdings Co. (NYSE:XRX)

Graham Capital Management L.P. purchased a new position in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 89,214 shares of the information technology services provider's stock, valued at approximately $752,000. Graham Capital Management L.P. owned approximately 0.07% of Xerox 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 holdings 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 acquiring an additional 2,885 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Xerox during the fourth quarter worth about $51,000. KBC Group NV lifted its holdings in shares of Xerox by 84.5% during the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider's stock valued at $78,000 after purchasing an additional 4,224 shares in the last quarter. Marathon Trading Investment Management LLC acquired a new position in shares of Xerox in the 4th quarter valued at approximately $84,000. Finally, Sterling Capital Management LLC increased its stake in Xerox by 48.9% during the 4th quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider's stock worth $85,000 after purchasing an additional 3,319 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Analysts Set New Price Targets

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

Xerox Stock Performance

XRX opened at $5.56 on Thursday. The company has a market capitalization of $699.31 million, a price-to-earnings ratio of -0.52 and a beta of 1.75. The business's 50-day moving average price is $4.85 and its two-hundred day moving average price is $7.24. Xerox Holdings Co. has a 1 year low of $3.45 and a 1 year high of $14.81. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84.

Xerox (NYSE:XRX - Get Free Report) last announced its earnings results on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. During the same period last year, the business posted $0.06 earnings per share. The business's revenue for the quarter was down 3.0% on a year-over-year basis. Equities analysts expect that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

Xerox Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date was Monday, March 31st. Xerox's dividend payout ratio is presently -4.74%.

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.

Want to see what other hedge funds are holding XRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xerox Holdings Co. (NYSE:XRX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.