Xerox Holdings Co. (NYSE:XRX) Shares Sold by Versor Investments LP

Versor Investments LP cut its stake in shares of Xerox Holdings Co. (NYSE:XRXFree Report) by 41.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,083 shares of the information technology services provider’s stock after selling 16,800 shares during the quarter. Versor Investments LP’s holdings in Xerox were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Hexagon Capital Partners LLC increased its stake in Xerox by 87.2% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,627 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 758 shares in the last quarter. Quarry LP acquired a new stake in shares of Xerox during the first quarter valued at approximately $29,000. National Bank of Canada FI lifted its position in shares of Xerox by 133.8% in the 2nd quarter. National Bank of Canada FI now owns 3,872 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 2,216 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Xerox in the 2nd quarter worth approximately $75,000. Finally, US Bancorp DE grew its position in Xerox by 68.1% during the 2nd quarter. US Bancorp DE now owns 5,360 shares of the information technology services provider’s stock worth $80,000 after purchasing an additional 2,171 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Xerox Trading Down 2.9 %

NYSE XRX opened at $19.05 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 1.06. Xerox Holdings Co. has a 1-year low of $12.06 and a 1-year high of $19.78. The firm’s fifty day simple moving average is $16.46 and its 200-day simple moving average is $15.55. The company has a market capitalization of $2.34 billion, a PE ratio of 10.77 and a beta of 1.71.

Xerox (NYSE:XRXGet Free Report) last issued its earnings results on Thursday, January 25th. The information technology services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.09). The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.79 billion. Xerox had a return on equity of 9.41% and a net margin of 0.01%. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 earnings per share. As a group, sell-side analysts anticipate that Xerox Holdings Co. will post 2.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on XRX shares. Morgan Stanley decreased their target price on Xerox from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Wednesday, October 25th. StockNews.com downgraded Xerox from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Xerox from $16.00 to $18.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th.

Check Out Our Latest Stock Analysis on XRX

Xerox Profile

(Free Report)

Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the Americas, Europe, the Middle East, Africa, India, and internationally. It offers workplace solutions, including desktop monochrome, and color and multifunction printers; digital printing presses and light production devices, and solutions; and digital services that leverage workflow automation, personalization and communication software, content management solutions, and digitization services.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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