Stifel Financial Corp Sells 122,211 Shares of Xerox Holdings Co. (NYSE:XRX)

Stifel Financial Corp lowered its holdings in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 80.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,169 shares of the information technology services provider's stock after selling 122,211 shares during the period. Stifel Financial Corp's holdings in Xerox were worth $254,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management raised its position in 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 during the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of Xerox in the 4th quarter valued at about $51,000. KBC Group NV increased its holdings in shares of Xerox by 84.5% in the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider's stock valued at $78,000 after purchasing an additional 4,224 shares in the last quarter. Marathon Trading Investment Management LLC purchased a new position in shares of Xerox in the 4th quarter valued at about $84,000. Finally, Sterling Capital Management LLC increased its holdings in shares of Xerox by 48.9% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Analysts Set New Price Targets

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

Xerox Price Performance

XRX stock traded up $0.01 during trading on Tuesday, hitting $5.41. The company had a trading volume of 88,831 shares, compared to its average volume of 2,863,482. The firm has a market capitalization of $679.89 million, a price-to-earnings ratio of -0.50 and a beta of 1.75. The business has a 50 day moving average of $4.81 and a 200 day moving average of $7.15. Xerox Holdings Co. has a fifty-two week low of $3.45 and a fifty-two week high of $14.81. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61.

Xerox (NYSE:XRX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. During the same quarter in the previous year, the business earned $0.06 EPS. The firm's quarterly revenue was down 3.0% on a year-over-year basis. As a group, research analysts predict that Xerox Holdings Co. will post 1.07 earnings per share for the current year.

Xerox Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 9.25%. Xerox's payout ratio is currently -4.74%.

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.