Illinois Municipal Retirement Fund acquired a new stake in Xerox Holdings Co. (NYSE:XRX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 66,780 shares of the information technology services provider's stock, valued at approximately $1,224,000. Illinois Municipal Retirement Fund owned 0.05% of Xerox as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Xerox by 65.0% during the third quarter. SG Americas Securities LLC now owns 76,258 shares of the information technology services provider's stock valued at $1,196,000 after buying an additional 30,045 shares during the period. State of Alaska Department of Revenue increased its position in shares of Xerox by 402.9% during the third quarter. State of Alaska Department of Revenue now owns 70,433 shares of the information technology services provider's stock valued at $1,105,000 after buying an additional 56,427 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of Xerox during the third quarter valued at about $818,000. Hexagon Capital Partners LLC increased its position in shares of Xerox by 87.2% during the third quarter. Hexagon Capital Partners LLC now owns 1,627 shares of the information technology services provider's stock valued at $26,000 after buying an additional 758 shares during the period. Finally, Maryland State Retirement & Pension System bought a new stake in shares of Xerox during the third quarter valued at about $654,000. 85.36% of the stock is currently owned by institutional investors.
Xerox Stock Performance
Shares of XRX stock traded down $0.18 during trading hours on Friday, reaching $14.00. 2,665,623 shares of the company traded hands, compared to its average volume of 2,621,336. Xerox Holdings Co. has a 12-month low of $12.06 and a 12-month high of $19.78. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.37 and a quick ratio of 0.91. The company has a market cap of $1.74 billion, a P/E ratio of -8.92 and a beta of 1.56. The firm has a 50-day moving average price of $17.23 and a 200 day moving average price of $16.30.
Xerox (NYSE:XRX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The information technology services provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.29). Xerox had a positive return on equity of 7.77% and a negative net margin of 2.74%. The business had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The firm's revenue for the quarter was down 12.8% on a year-over-year basis. As a group, sell-side analysts predict that Xerox Holdings Co. will post 2.16 earnings per share for the current fiscal year.
Xerox Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 7.14%. Xerox's dividend payout ratio is presently -63.69%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. StockNews.com lowered Xerox from a "buy" rating to a "hold" rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on Xerox from $18.00 to $17.00 and set an "underweight" rating for the company in a research report on Wednesday.
Get Our Latest Analysis on XRX
About Xerox
(
Free Report)
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.
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