Xerox Holdings Co. $XRX Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its stake in Xerox Holdings Co. (NYSE:XRX) by 27.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 366,953 shares of the information technology services provider’s stock after buying an additional 78,728 shares during the period. Public Sector Pension Investment Board’s holdings in Xerox were worth $1,772,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of XRX. LPL Financial LLC boosted its holdings in shares of Xerox by 13.0% in the 4th quarter. LPL Financial LLC now owns 77,064 shares of the information technology services provider’s stock valued at $650,000 after buying an additional 8,837 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Xerox by 3.0% in the 4th quarter. Russell Investments Group Ltd. now owns 87,466 shares of the information technology services provider’s stock valued at $737,000 after buying an additional 2,534 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Xerox during the 4th quarter worth $208,000. Sterling Capital Management LLC boosted its stake in Xerox by 48.9% during the 4th quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider’s stock worth $85,000 after purchasing an additional 3,319 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Xerox during the 4th quarter worth $281,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Xerox Stock Down 3.3%

XRX stock opened at $3.82 on Thursday. Xerox Holdings Co. has a one year low of $3.44 and a one year high of $11.42. The stock has a market capitalization of $480.67 million, a PE ratio of -0.36 and a beta of 1.79. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The company has a fifty day moving average of $5.02 and a 200-day moving average of $5.41.

Xerox (NYSE:XRX) last released its earnings results on Thursday, July 31st. The information technology services provider reported ($0.64) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.71). Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%.During the same quarter last year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Xerox has set its FY 2025 guidance at EPS. As a group, analysts expect that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 30th. Xerox’s dividend payout ratio (DPR) is -0.87%.

Wall Street Analysts Forecast Growth

Separately, Citigroup began coverage on shares of Xerox in a research note on Monday. They set a “neutral” rating and a $4.50 price target for the company. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Xerox presently has a consensus rating of “Sell” and an average target price of $6.83.

Insider Activity

In other news, COO John G. Bruno bought 25,000 shares of Xerox stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $4.38 per share, for a total transaction of $109,500.00. Following the purchase, the chief operating officer owned 259,775 shares of the company’s stock, valued at approximately $1,137,814.50. The trade was a 10.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director A. Scott Letier bought 29,600 shares of Xerox stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of $3.95 per share, with a total value of $116,920.00. Following the purchase, the director directly owned 58,984 shares in the company, valued at approximately $232,986.80. This trade represents a 100.74% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 117,079 shares of company stock worth $502,045 over the last quarter. Insiders own 1.50% 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.