Northern Trust Corp Has $11.85 Million Position in Xerox Holdings Co. (NYSE:XRX)

Northern Trust Corp boosted its holdings in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,405,471 shares of the information technology services provider's stock after acquiring an additional 100,900 shares during the quarter. Northern Trust Corp owned approximately 1.13% of Xerox worth $11,848,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC grew its holdings in 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 valued at $454,000 after purchasing an additional 1,486 shares during the last quarter. Franklin Resources Inc. grew its holdings in Xerox by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 95,012 shares of the information technology services provider's stock valued at $801,000 after purchasing an additional 1,733 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Xerox by 3.0% during the fourth quarter. Russell Investments Group Ltd. now owns 87,466 shares of the information technology services provider's stock valued at $737,000 after purchasing an additional 2,534 shares during the last quarter. Picton Mahoney Asset Management grew its holdings in Xerox by 330.5% during 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 during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Xerox by 48.9% during 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 purchasing an additional 3,319 shares during the last quarter. Institutional investors own 85.36% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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 assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $9.50.

Xerox Stock Performance

Shares of Xerox stock traded up $0.05 during midday trading on Thursday, hitting $5.12. The company had a trading volume of 2,884,223 shares, compared to its average volume of 2,894,959. The business's 50 day simple moving average is $4.77 and its two-hundred day simple moving average is $7.10. The stock has a market cap of $644.04 million, a PE ratio of -0.48 and a beta of 1.75. 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 1-year low of $3.45 and a 1-year high of $14.81.

Xerox (NYSE:XRX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share (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%. Xerox's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. As a group, equities analysts predict that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

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.