Xerox Holdings Co. (NYSE:XRX) Holdings Boosted by Marshall Wace LLP

Marshall Wace LLP raised its stake in Xerox Holdings Co. (NYSE:XRX - Free Report) by 397.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,378,215 shares of the information technology services provider's stock after buying an additional 1,101,171 shares during the quarter. Marshall Wace LLP owned approximately 1.11% of Xerox worth $11,618,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Yousif Capital Management LLC boosted its position in shares of Xerox by 2.8% during the fourth quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider's stock worth $454,000 after buying an additional 1,486 shares during the period. Franklin Resources Inc. lifted its holdings in Xerox by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 95,012 shares of the information technology services provider's stock worth $801,000 after purchasing an additional 1,733 shares during the period. Russell Investments Group Ltd. increased its stake in Xerox by 3.0% during the 4th quarter. Russell Investments Group Ltd. now owns 87,466 shares of the information technology services provider's stock valued at $737,000 after buying an additional 2,534 shares during the period. Picton Mahoney Asset Management raised its position in shares of Xerox by 330.5% during the 4th quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider's stock worth $31,000 after buying an additional 2,885 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of Xerox by 48.9% in the fourth quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider's stock valued at $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 Analysts Forecast Growth

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

Xerox Price Performance

Xerox stock traded up $0.11 during mid-day trading on Friday, hitting $4.27. The company's stock had a trading volume of 2,726,027 shares, compared to its average volume of 2,715,862. Xerox Holdings Co. has a twelve month low of $3.45 and a twelve month high of $14.81. The stock's fifty day moving average price is $5.34 and its two-hundred day moving average price is $7.67. The stock has a market capitalization of $537.06 million, a P/E ratio of -0.40 and a beta of 1.56. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61.

Xerox Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 11.71%. The ex-dividend date is Monday, March 31st. Xerox's dividend payout ratio (DPR) is presently -4.66%.

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.