Xerox Holdings Co. (NYSE:XRX) Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,706,086 shares of the information technology services provider's stock after buying an additional 94,779 shares during the quarter. Invesco Ltd. owned about 1.37% of Xerox worth $14,382,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in XRX. Vanguard Group Inc. grew its stake in shares of Xerox by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,763,679 shares of the information technology services provider's stock valued at $132,888,000 after purchasing an additional 199,598 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Xerox by 12.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 476,266 shares of the information technology services provider's stock valued at $4,015,000 after buying an additional 52,104 shares during the last quarter. Empowered Funds LLC increased its stake in Xerox by 8.2% in the 4th quarter. Empowered Funds LLC now owns 606,748 shares of the information technology services provider's stock valued at $5,115,000 after buying an additional 46,212 shares during the period. Charles Schwab Investment Management Inc. raised its position in Xerox by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,812,102 shares of the information technology services provider's stock worth $15,276,000 after buying an additional 92,495 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Xerox by 6.7% in the 4th quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider's stock worth $9,296,000 after acquiring an additional 69,182 shares during the period. Institutional investors and hedge funds own 85.36% of the company's stock.

Xerox Price Performance

Xerox stock traded down $0.03 during midday trading on Friday, reaching $4.14. The company's stock had a trading volume of 546,853 shares, compared to its average volume of 2,708,532. The firm has a market capitalization of $520.08 million, a PE ratio of -0.38 and a beta of 1.56. Xerox Holdings Co. has a fifty-two week low of $3.45 and a fifty-two week high of $14.81. The stock's 50 day simple moving average is $5.41 and its 200 day simple moving average is $7.75. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11.

Xerox Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 12.09%. The ex-dividend date is Monday, March 31st. Xerox's dividend payout ratio (DPR) is -4.66%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Xerox from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target 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.