Everence Capital Management Inc. Purchases New Position in Xerox Holdings Co. (NYSE:XRX)

Everence Capital Management Inc. purchased a new stake in Xerox Holdings Co. (NYSE:XRX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,110 shares of the information technology services provider’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in Xerox in the 4th quarter valued at about $25,000. Hexagon Capital Partners LLC grew 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 valued at $26,000 after buying an additional 758 shares during the last quarter. Quarry LP acquired a new position in Xerox in the 1st quarter valued at about $29,000. International Assets Investment Management LLC grew its stake in Xerox by 1,733.2% in the 4th quarter. International Assets Investment Management LLC now owns 4,583 shares of the information technology services provider’s stock valued at $84,000 after buying an additional 4,333 shares during the last quarter. Finally, Atlas Capital Advisors LLC grew its stake in Xerox by 3,009.5% in the 2nd quarter. Atlas Capital Advisors LLC now owns 6,219 shares of the information technology services provider’s stock valued at $92,000 after buying an additional 6,019 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Xerox Stock Performance

Shares of NYSE:XRX opened at $16.18 on Friday. The company’s 50 day moving average price is $17.65 and its two-hundred day moving average price is $16.29. Xerox Holdings Co. has a 12-month low of $12.06 and a 12-month high of $19.78. The firm has a market cap of $2.01 billion, a PE ratio of -80.90 and a beta of 1.56. The company has a quick ratio of 0.91, a current ratio of 1.14 and a debt-to-equity ratio of 1.06.

Xerox (NYSE:XRX) last announced its earnings results on Thursday, January 25th. The information technology services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.09). Xerox had a return on equity of 9.41% and a net margin of 0.01%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the company earned $0.89 EPS. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. Equities research analysts predict that Xerox Holdings Co. will post 2.31 earnings per share for the current year.

Xerox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date of this dividend is Wednesday, March 27th. Xerox’s dividend payout ratio (DPR) is presently -500.00%.

Analyst Ratings Changes

A number of research analysts have issued reports on XRX shares. JPMorgan Chase & Co. increased their target price 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. StockNews.com upgraded shares of Xerox from a “hold” rating to a “buy” rating in a research report on Tuesday.

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.