Jacobs Levy Equity Management Inc. Invests $835,000 in Xerox Holdings Co. (NYSE:XRX)

Jacobs Levy Equity Management Inc. acquired a new stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 99,012 shares of the information technology services provider's stock, valued at approximately $835,000. Jacobs Levy Equity Management Inc. owned about 0.08% of Xerox at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Gotham Asset Management LLC bought a new position in Xerox during the 4th quarter valued at $525,000. Graham Capital Management L.P. bought a new position in Xerox during the 4th quarter valued at $752,000. Deutsche Bank AG boosted its stake in Xerox by 103.8% during the 4th quarter. Deutsche Bank AG now owns 138,852 shares of the information technology services provider's stock valued at $1,171,000 after acquiring an additional 70,724 shares during the last quarter. Corton Capital Inc. raised its holdings in shares of Xerox by 128.3% during the fourth quarter. Corton Capital Inc. now owns 34,487 shares of the information technology services provider's stock worth $291,000 after purchasing an additional 19,378 shares during the period. Finally, Crestline Management LP acquired a new stake in shares of Xerox during the fourth quarter worth $560,000. 85.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Xerox Stock Performance

Shares of XRX stock traded up $0.03 during trading hours on Thursday, reaching $5.10. The stock had a trading volume of 955,469 shares, compared to its average volume of 2,879,504. 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 Holdings Co. has a twelve month low of $3.45 and a twelve month high of $14.81. The firm has a 50-day simple moving average of $4.78 and a 200-day simple moving average of $7.13. The firm has a market capitalization of $641.91 million, a PE ratio of -0.47 and a beta of 1.75.

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

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.