Sei Investments Co. Reduces Stake in Xerox Holdings Co. (NYSE:XRX)

Sei Investments Co. cut its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,006 shares of the information technology services provider’s stock after selling 4,252 shares during the period. Sei Investments Co.’s holdings in Xerox were worth $919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Xerox in the fourth quarter valued at $272,000. Quantbot Technologies LP lifted its position in shares of Xerox by 51.8% in the 4th quarter. Quantbot Technologies LP now owns 303,353 shares of the information technology services provider’s stock worth $2,557,000 after purchasing an additional 103,580 shares during the period. Semanteon Capital Management LP bought a new stake in shares of Xerox during the 4th quarter valued at about $492,000. Xponance Inc. purchased a new position in shares of Xerox during the fourth quarter valued at about $87,000. Finally, Advisors Asset Management Inc. raised its stake in Xerox by 17.0% in the fourth quarter. Advisors Asset Management Inc. now owns 932,232 shares of the information technology services provider’s stock worth $7,859,000 after buying an additional 135,623 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Xerox Stock Up 3.0 %

Shares of Xerox stock opened at $4.12 on Tuesday. Xerox Holdings Co. has a 1 year low of $3.71 and a 1 year high of $17.75. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84. The company has a 50-day moving average of $6.71 and a 200 day moving average of $8.37. The firm has a market cap of $516.16 million, a price-to-earnings ratio of -0.38 and a beta of 1.56.

Xerox Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 annualized dividend and a dividend yield of 12.14%. Xerox’s payout ratio is -4.66%.

Analysts Set New Price Targets

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

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.