Graham Capital Management L.P. Invests $752,000 in Xerox Holdings Co. (NYSE:XRX)

Graham Capital Management L.P. purchased a new stake in Xerox Holdings Co. (NYSE:XRX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its holdings in shares of Xerox by 330.5% in the fourth quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 2,885 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Xerox in the 4th quarter valued at $51,000. KBC Group NV lifted its stake in 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 acquiring an additional 4,224 shares in the last quarter. Marathon Trading Investment Management LLC purchased a new position in Xerox during the 4th quarter worth $84,000. Finally, Sterling Capital Management LLC grew 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 worth $85,000 after acquiring an additional 3,319 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Wall Street Analyst Weigh In

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

Xerox Stock Performance

Shares of XRX traded up $0.03 during mid-day trading on Tuesday, hitting $5.43. The stock had a trading volume of 206,697 shares, compared to its average volume of 2,863,913. Xerox Holdings Co. has a 52 week low of $3.45 and a 52 week 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. The business has a fifty day moving average price of $4.81 and a 200-day moving average price of $7.15. The firm has a market cap of $682.41 million, a P/E ratio of -0.50 and a beta of 1.75.

Xerox (NYSE:XRX - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%. During the same quarter in the prior year, the company earned $0.06 earnings per share. The company's revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities research analysts expect that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.22%. Xerox's payout ratio is -4.74%.

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.