Xerox Holdings Co. (NYSE:XRX) Stock Position Cut by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in Xerox Holdings Co. (NYSE:XRX) by 17.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,588 shares of the information technology services provider’s stock after selling 3,767 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Xerox were worth $148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in XRX. Quartz Partners LLC lifted its position in shares of Xerox by 28.7% in the fourth quarter. Quartz Partners LLC now owns 46,507 shares of the information technology services provider’s stock worth $392,000 after purchasing an additional 10,379 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Xerox by 31.4% in the fourth quarter. Handelsbanken Fonder AB now owns 43,500 shares of the information technology services provider’s stock worth $367,000 after purchasing an additional 10,400 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Xerox by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 560,966 shares of the information technology services provider’s stock worth $4,729,000 after purchasing an additional 15,899 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Xerox by 8.2% in the fourth quarter. Empowered Funds LLC now owns 606,748 shares of the information technology services provider’s stock worth $5,115,000 after purchasing an additional 46,212 shares in the last quarter. Finally, Vest Financial LLC purchased a new stake in shares of Xerox in the fourth quarter worth approximately $97,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat, Xerox currently has a consensus rating of “Reduce” and an average target price of $9.50.

Xerox Price Performance

Shares of XRX opened at $6.18 on Thursday. The firm has a market cap of $774.24 million, a PE ratio of -0.58 and a beta of 1.59. The firm’s 50 day moving average price is $8.42 and its 200 day moving average price is $9.24. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. Xerox Holdings Co. has a twelve month low of $6.13 and a twelve month high of $18.18.

Xerox Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 8.09%. The ex-dividend date is Monday, March 31st. Xerox’s payout ratio is presently -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.