363,793 Shares in Xerox Holdings Co. (NYSE:XRX) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in Xerox Holdings Co. (NYSE:XRX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 363,793 shares of the information technology services provider's stock, valued at approximately $3,067,000. Susquehanna Fundamental Investments LLC owned 0.29% of Xerox as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in Xerox by 55.5% in the 3rd quarter. Barclays PLC now owns 469,106 shares of the information technology services provider's stock valued at $4,869,000 after buying an additional 167,500 shares in the last quarter. Tidal Investments LLC lifted its stake in Xerox by 26.1% during the third quarter. Tidal Investments LLC now owns 68,359 shares of the information technology services provider's stock valued at $710,000 after buying an additional 14,164 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Xerox by 6.7% in the fourth quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider's stock worth $9,296,000 after buying an additional 69,182 shares during the period. KBC Group NV increased its position in shares of Xerox by 84.5% in the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider's stock worth $78,000 after acquiring an additional 4,224 shares in the last quarter. Finally, Prism Advisors Inc. acquired a new stake in shares of Xerox during the fourth quarter valued at approximately $103,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

Xerox Stock Up 4.0 %

NYSE XRX traded up $0.20 on Monday, reaching $5.04. The stock had a trading volume of 1,892,479 shares, compared to its average volume of 4,034,137. Xerox Holdings Co. has a 1 year low of $3.44 and a 1 year high of $14.81. The business has a 50 day moving average price of $5.00 and a 200 day moving average price of $7.46. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $633.28 million, a price-to-earnings ratio of -0.47 and a beta of 1.56.

Xerox (NYSE:XRX - Get Free Report) last released 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 negative net margin of 21.24% and a positive return on equity of 7.57%. The business's revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. On average, analysts forecast that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

Xerox Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 9.93%. The ex-dividend date of this dividend was Monday, March 31st. Xerox's dividend payout ratio is currently -4.66%.

Xerox Company 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.