Xerox Holdings Co. (NYSE:XRX) Shares Sold by LSV Asset Management

LSV Asset Management lessened its holdings in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,538,099 shares of the information technology services provider's stock after selling 890,825 shares during the quarter. LSV Asset Management owned approximately 3.65% of Xerox worth $38,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. lifted its holdings in shares of Xerox by 164.8% in the fourth quarter. Victory Capital Management Inc. now owns 546,536 shares of the information technology services provider's stock worth $4,607,000 after buying an additional 340,168 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Xerox by 60.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 540,109 shares of the information technology services provider's stock worth $4,467,000 after purchasing an additional 202,987 shares during the last quarter. Vanguard Group Inc. grew its stake in 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 worth $132,888,000 after acquiring an additional 199,598 shares in the last quarter. Norges Bank purchased a new stake in shares of Xerox in the 4th quarter worth $1,632,000. Finally, Barclays PLC grew its holdings in Xerox by 55.5% during the 3rd quarter. Barclays PLC now owns 469,106 shares of the information technology services provider's stock worth $4,869,000 after acquiring an additional 167,500 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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 given a hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $9.50.

Xerox Trading Up 3.6 %

Shares of NYSE XRX traded up $0.14 during midday trading on Thursday, reaching $3.91. 1,219,975 shares of the stock were exchanged, compared to its average volume of 2,728,646. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The stock has a market capitalization of $491.15 million, a P/E ratio of -0.36 and a beta of 1.56. The company has a 50 day simple moving average of $5.89 and a 200 day simple moving average of $8.01. Xerox Holdings Co. has a twelve month low of $3.45 and a twelve month high of $16.77.

Xerox Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 12.80%. The ex-dividend date of this dividend is Monday, March 31st. Xerox's payout ratio is -4.66%.

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.