Xerox (NYSE:XRX) Sets New 52-Week Low – Should You Sell?

Xerox Holdings Co. (NYSE:XRX)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $5.62 and last traded at $5.77, with a volume of 4291014 shares traded. The stock had previously closed at $5.79.

Analyst Ratings Changes

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

Xerox Stock Up 0.7 %

The stock has a fifty day moving average price of $7.82 and a 200 day moving average price of $8.88. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84. The stock has a market capitalization of $726.63 million, a P/E ratio of -0.54 and a beta of 1.66.

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 8.62%. The ex-dividend date of this dividend is Monday, March 31st. Xerox’s dividend payout ratio is -4.66%.

Institutional Investors Weigh In On Xerox

Several large investors have recently added to or reduced their stakes in XRX. Victory Capital Management Inc. boosted its stake in Xerox by 10.0% during the third quarter. Victory Capital Management Inc. now owns 206,368 shares of the information technology services provider’s stock valued at $2,142,000 after buying an additional 18,819 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Xerox during the third quarter valued at about $1,626,000. Advisors Asset Management Inc. raised its position in Xerox by 9.5% during the third quarter. Advisors Asset Management Inc. now owns 796,609 shares of the information technology services provider’s stock valued at $8,269,000 after purchasing an additional 69,183 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Xerox during the third quarter valued at about $498,000. Finally, Pacer Advisors Inc. raised its position in Xerox by 33.2% during the third quarter. Pacer Advisors Inc. now owns 16,969,127 shares of the information technology services provider’s stock valued at $176,140,000 after purchasing an additional 4,228,806 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

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.