Xerox Holdings Co. (NYSE:XRX) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. reduced its holdings in Xerox Holdings Co. (NYSE:XRX) by 6.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 25,442 shares of the information technology services provider’s stock after selling 1,831 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Xerox were worth $264,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. CWM LLC grew its holdings in Xerox by 155.5% in the 2nd quarter. CWM LLC now owns 2,264 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 1,378 shares during the period. Gladius Capital Management LP purchased a new stake in Xerox in the third quarter valued at approximately $29,000. US Bancorp DE increased its position in Xerox by 42.3% during the third quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider’s stock worth $66,000 after purchasing an additional 1,888 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Xerox in the 2nd quarter valued at $78,000. Finally, International Assets Investment Management LLC grew its stake in shares of Xerox by 938.0% during the 3rd quarter. International Assets Investment Management LLC now owns 8,304 shares of the information technology services provider’s stock valued at $800,000 after buying an additional 7,504 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Xerox Price Performance

Shares of NYSE XRX opened at $8.91 on Wednesday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -0.81 and a beta of 1.59. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.26 and a quick ratio of 0.95. Xerox Holdings Co. has a 1-year low of $8.02 and a 1-year high of $19.78. The business has a 50-day moving average of $9.32 and a 200-day moving average of $10.72.

Xerox (NYSE:XRX) last issued its quarterly earnings data on Tuesday, October 29th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.26). Xerox had a negative net margin of 21.31% and a positive return on equity of 6.60%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the business earned $0.46 EPS. The firm’s revenue was down 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Xerox Holdings Co. will post 1.12 EPS for the current fiscal year.

Xerox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 11.22%. Xerox’s dividend payout ratio is currently -9.06%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on XRX shares. StockNews.com lowered Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Loop Capital reduced their price objective on Xerox from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. JPMorgan Chase & Co. dropped their target price on shares of Xerox from $11.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. Finally, Morgan Stanley reduced their price target on shares of Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $9.50.

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.