Xerox Holdings Co. (NYSE:XRX) Position Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in Xerox Holdings Co. (NYSE:XRX) by 31.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,500 shares of the information technology services provider’s stock after buying an additional 10,400 shares during the period. Handelsbanken Fonder AB’s holdings in Xerox were worth $367,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Gladius Capital Management LP acquired a new position in shares of Xerox in the third quarter worth about $29,000. US Bancorp DE lifted its stake in Xerox by 42.3% in the 3rd quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider’s stock worth $66,000 after acquiring an additional 1,888 shares in the last quarter. International Assets Investment Management LLC grew its position in Xerox by 938.0% during the third quarter. International Assets Investment Management LLC now owns 8,304 shares of the information technology services provider’s stock valued at $800,000 after purchasing an additional 7,504 shares in the last quarter. KBC Group NV grew its holdings in shares of Xerox by 84.5% during the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock valued at $78,000 after acquiring an additional 4,224 shares in the last quarter. Finally, Vest Financial LLC acquired a new position in shares of Xerox in the fourth quarter worth $97,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analysts Set New Price Targets

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

Xerox Stock Performance

NYSE:XRX opened at $6.40 on Tuesday. Xerox Holdings Co. has a 1 year low of $6.34 and a 1 year high of $19.48. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $801.80 million, a PE ratio of -0.60 and a beta of 1.59. The firm’s fifty day simple moving average is $8.48 and its 200 day simple moving average is $9.26.

Xerox Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 7.81%. Xerox’s payout ratio is currently -4.66%.

Xerox 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.