Teacher Retirement System of Texas Has $4.07 Million Stake in Xerox Holdings Co. (NYSE:XRX)

Teacher Retirement System of Texas grew its holdings in shares of Xerox Holdings Co. (NYSE:XRXFree Report) by 316.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,087 shares of the information technology services provider’s stock after acquiring an additional 168,713 shares during the period. Teacher Retirement System of Texas owned 0.18% of Xerox worth $4,071,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in Xerox in the fourth quarter worth $25,000. GAMMA Investing LLC bought a new stake in Xerox in the 4th quarter valued at about $25,000. Hexagon Capital Partners LLC increased its position in Xerox by 38.7% in the 4th quarter. Hexagon Capital Partners LLC now owns 2,257 shares of the information technology services provider’s stock valued at $41,000 after buying an additional 630 shares in the last quarter. International Assets Investment Management LLC raised its stake in Xerox by 1,733.2% during the 4th quarter. International Assets Investment Management LLC now owns 4,583 shares of the information technology services provider’s stock worth $84,000 after buying an additional 4,333 shares during the period. Finally, C M Bidwell & Associates Ltd. boosted its holdings in Xerox by 5,572.3% in the third quarter. C M Bidwell & Associates Ltd. now owns 8,395 shares of the information technology services provider’s stock worth $132,000 after acquiring an additional 8,247 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

Xerox Stock Performance

Shares of XRX opened at $13.89 on Wednesday. The firm has a market capitalization of $1.73 billion, a P/E ratio of 9.81 and a beta of 1.61. Xerox Holdings Co. has a 52 week low of $12.06 and a 52 week high of $19.78. The stock has a 50 day moving average price of $15.96 and a two-hundred day moving average price of $16.29. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.07 and a current ratio of 1.37.

Xerox (NYSE:XRXGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.29). The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. Xerox had a positive return on equity of 7.77% and a negative net margin of 2.74%. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. Equities analysts forecast that Xerox Holdings Co. will post 2.16 earnings per share for the current fiscal year.

Xerox Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, March 29th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend was Wednesday, March 27th. Xerox’s dividend payout ratio (DPR) is presently -63.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on XRX shares. StockNews.com lowered Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. lowered their price objective on shares of Xerox from $18.00 to $17.00 and set an “underweight” rating on the stock in a report on Wednesday, April 24th.

Read Our Latest Research Report on Xerox

About Xerox

(Free Report)

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.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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