Robeco Institutional Asset Management B.V. Sells 115,402 Shares of Xerox Holdings Co. (NYSE:XRX)

Robeco Institutional Asset Management B.V. cut its stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 23.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 373,552 shares of the information technology services provider's stock after selling 115,402 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.30% of Xerox worth $6,847,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of Xerox in the fourth quarter worth about $25,000. GAMMA Investing LLC acquired a new position in shares of Xerox in the 4th quarter valued at approximately $25,000. Hexagon Capital Partners LLC boosted its stake in shares of Xerox by 38.7% during the 4th quarter. Hexagon Capital Partners LLC now owns 2,257 shares of the information technology services provider's stock valued at $41,000 after buying an additional 630 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Xerox by 1,733.2% during the fourth quarter. International Assets Investment Management LLC now owns 4,583 shares of the information technology services provider's stock worth $84,000 after buying an additional 4,333 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. increased its stake in shares of Xerox by 5,572.3% in the third quarter. C M Bidwell & Associates Ltd. now owns 8,395 shares of the information technology services provider's stock worth $132,000 after buying an additional 8,247 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Xerox Stock Performance

Xerox stock traded up $0.08 during mid-day trading on Tuesday, reaching $14.01. The company's stock had a trading volume of 973,708 shares, compared to its average volume of 2,310,699. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -8.92 and a beta of 1.61. Xerox Holdings Co. has a twelve month low of $12.06 and a twelve month high of $19.78. The business has a 50 day moving average price of $15.74 and a 200-day moving average price of $16.32. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 1.34.

Xerox (NYSE:XRX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The information technology services provider reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.29). Xerox had a negative net margin of 2.74% and a positive return on equity of 7.77%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the company earned $0.49 EPS. Xerox's quarterly revenue was down 12.8% on a year-over-year basis. Sell-side analysts predict that Xerox Holdings Co. will post 2.09 EPS for the current fiscal year.

Xerox Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, March 29th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a yield of 7.14%. Xerox's payout ratio is currently -63.69%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Xerox from $18.00 to $17.00 and set an "underweight" rating for the company in a research report on Wednesday, April 24th. StockNews.com lowered Xerox from a "buy" rating to a "hold" rating in a report on Wednesday, April 24th.

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.