10,271 Shares in Xerox Holdings Co. (NYSE:XRX) Acquired by Xponance Inc.

Xponance Inc. acquired a new stake in shares of Xerox Holdings Co. (NYSE:XRX) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,271 shares of the information technology services provider’s stock, valued at approximately $87,000.

Several other large investors have also made changes to their positions in the business. Picton Mahoney Asset Management lifted its position in Xerox by 330.5% during the fourth quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 2,885 shares during the period. KBC Group NV lifted 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 buying an additional 4,224 shares during the period. Marathon Trading Investment Management LLC purchased a new stake in shares of Xerox in the fourth quarter worth about $84,000. Greenwich Wealth Management LLC acquired a new stake in Xerox during the fourth quarter worth about $89,000. Finally, Vest Financial LLC purchased a new position in Xerox during the fourth quarter valued at approximately $97,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $9.50.

Xerox Price Performance

NYSE:XRX opened at $5.13 on Friday. The stock has a market capitalization of $642.69 million, a PE ratio of -0.48 and a beta of 1.66. Xerox Holdings Co. has a 52 week low of $5.07 and a 52 week high of $18.18. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. The stock’s 50-day moving average price is $7.32 and its 200-day moving average price is $8.63.

Xerox Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 9.75%. The ex-dividend date is Monday, March 31st. Xerox’s payout ratio is -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.