Vanguard Group Inc. Raises Stock Position in Xerox Holdings Co. (NYSE:XRX)

Vanguard Group Inc. boosted its position in Xerox Holdings Co. (NYSE:XRX - Free Report) by 10.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,791,263 shares of the information technology services provider's stock after purchasing an additional 1,464,851 shares during the period. Vanguard Group Inc. owned about 12.85% of Xerox worth $247,765,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XRX. BlackRock Inc. grew its position in shares of Xerox by 15.1% during the 1st quarter. BlackRock Inc. now owns 15,540,136 shares of the information technology services provider's stock valued at $239,318,000 after acquiring an additional 2,033,262 shares during the period. LSV Asset Management grew its position in shares of Xerox by 4.5% during the 3rd quarter. LSV Asset Management now owns 6,240,257 shares of the information technology services provider's stock valued at $97,910,000 after acquiring an additional 271,302 shares during the period. State Street Corp grew its position in shares of Xerox by 1.1% during the 1st quarter. State Street Corp now owns 4,790,757 shares of the information technology services provider's stock valued at $74,965,000 after acquiring an additional 52,043 shares during the period. Geode Capital Management LLC grew its position in shares of Xerox by 5.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,435,033 shares of the information technology services provider's stock valued at $36,258,000 after acquiring an additional 133,551 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Xerox by 81.3% during the 1st quarter. AQR Capital Management LLC now owns 1,889,370 shares of the information technology services provider's stock valued at $28,378,000 after acquiring an additional 847,204 shares during the period. 85.36% of the stock is owned by institutional investors.

Xerox Stock Performance

Shares of XRX stock traded up $0.15 during trading on Friday, reaching $17.90. 2,271,518 shares of the company's stock traded hands, compared to its average volume of 3,049,217. The company has a market capitalization of $2.22 billion, a P/E ratio of -89.50 and a beta of 1.57. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.06. The firm's 50-day moving average is $17.94 and its 200 day moving average is $16.18. Xerox Holdings Co. has a 1 year low of $12.06 and a 1 year high of $19.78.

Xerox (NYSE:XRX - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The information technology services provider reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.09). Xerox had a net margin of 0.01% and a return on equity of 9.41%. The business had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business's quarterly revenue was down 8.8% compared to the same quarter last year. Equities research analysts expect that Xerox Holdings Co. will post 2.27 EPS for the current year.

Xerox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.59%. The ex-dividend date is Wednesday, March 27th. Xerox's dividend payout ratio is presently -500.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XRX. StockNews.com downgraded shares of Xerox from a "buy" rating to a "hold" rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. upped their price target on shares of Xerox from $16.00 to $18.00 and gave the company an "underweight" rating in a research note on Friday, January 26th.

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.