Coppell Advisory Solutions LLC Has $1.95 Million Holdings in Xerox Holdings Co. (NYSE:XRX)

Coppell Advisory Solutions LLC increased its stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 200,447.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 218,597 shares of the information technology services provider's stock after buying an additional 218,488 shares during the period. Coppell Advisory Solutions LLC owned 0.18% of Xerox worth $1,948,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Xerox by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,763,679 shares of the information technology services provider's stock worth $132,888,000 after purchasing an additional 199,598 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Xerox by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,808,775 shares of the information technology services provider's stock worth $29,161,000 after acquiring an additional 62,947 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Xerox by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,812,102 shares of the information technology services provider's stock valued at $15,276,000 after acquiring an additional 92,495 shares during the period. Invesco Ltd. boosted its holdings in Xerox by 5.9% in the fourth quarter. Invesco Ltd. now owns 1,706,086 shares of the information technology services provider's stock valued at $14,382,000 after acquiring an additional 94,779 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Xerox by 397.5% in the fourth quarter. Marshall Wace LLP now owns 1,378,215 shares of the information technology services provider's stock worth $11,618,000 after purchasing an additional 1,101,171 shares during the period. Institutional investors own 85.36% of the company's stock.

Xerox Trading Up 0.8 %

NYSE:XRX traded up $0.04 during trading hours on Monday, hitting $4.31. The stock had a trading volume of 1,895,122 shares, compared to its average volume of 2,713,020. The business's 50 day moving average is $5.34 and its 200-day moving average is $7.67. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The company has a market cap of $541.46 million, a price-to-earnings ratio of -0.40 and a beta of 1.56. Xerox Holdings Co. has a one year low of $3.45 and a one year high of $14.81.

Xerox Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 11.61%. The ex-dividend date is Monday, March 31st. Xerox's payout ratio is presently -4.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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 issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $9.50.

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.