Gamco Investors INC. ET AL Increases Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Gamco Investors INC. ET AL raised its stake in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) by 113.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 376,250 shares of the information technology services provider's stock after acquiring an additional 200,350 shares during the period. Gamco Investors INC. ET AL owned about 0.30% of Xerox worth $3,172,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of XRX. Stifel Financial Corp boosted its holdings in shares of Xerox by 44.2% in the 3rd quarter. Stifel Financial Corp now owns 152,380 shares of the information technology services provider's stock worth $1,582,000 after buying an additional 46,708 shares during the last quarter. Barclays PLC boosted its holdings in shares of Xerox by 55.5% in the 3rd quarter. Barclays PLC now owns 469,106 shares of the information technology services provider's stock worth $4,869,000 after buying an additional 167,500 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Xerox by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,808,775 shares of the information technology services provider's stock worth $29,161,000 after buying an additional 62,947 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Xerox by 26.1% in the 3rd quarter. Tidal Investments LLC now owns 68,359 shares of the information technology services provider's stock worth $710,000 after buying an additional 14,164 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of Xerox by 6.7% in the 4th 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 last quarter. 85.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Xerox Stock Performance

NYSE XRX traded up $0.11 during trading on Wednesday, hitting $4.20. 964,420 shares of the company's stock traded hands, compared to its average volume of 4,027,565. The stock has a market capitalization of $528.26 million, a price-to-earnings ratio of -0.39 and a beta of 1.56. Xerox Holdings Co. has a 12-month low of $3.44 and a 12-month high of $14.81. 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 business has a 50 day moving average of $5.57 and a 200-day moving average of $7.82.

Xerox Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 11.90%. The ex-dividend date of this dividend is Monday, March 31st. Xerox's dividend payout ratio (DPR) is presently -4.66%.

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.