Quantbot Technologies LP Increases Stake in Xerox Holdings Co. (NYSE:XRX)

Quantbot Technologies LP raised its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 112.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 199,773 shares of the information technology services provider’s stock after purchasing an additional 105,737 shares during the quarter. Quantbot Technologies LP’s holdings in Xerox were worth $2,074,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of XRX. Price T Rowe Associates Inc. MD grew its stake in Xerox by 6.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,169 shares of the information technology services provider’s stock valued at $1,167,000 after buying an additional 4,203 shares in the last quarter. Tidal Investments LLC grew its position in shares of Xerox by 235.6% in the first quarter. Tidal Investments LLC now owns 176,518 shares of the information technology services provider’s stock valued at $3,160,000 after purchasing an additional 123,922 shares in the last quarter. Comerica Bank raised its stake in shares of Xerox by 46.8% during the 1st quarter. Comerica Bank now owns 83,795 shares of the information technology services provider’s stock valued at $1,500,000 after purchasing an additional 26,700 shares during the period. Plato Investment Management Ltd purchased a new stake in Xerox during the 1st quarter worth about $115,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in Xerox by 30.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 36,693 shares of the information technology services provider’s stock valued at $638,000 after buying an additional 8,496 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their price target on shares of Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. cut their price target on shares of Xerox from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. StockNews.com raised shares of Xerox from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Loop Capital dropped their price objective on Xerox from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.50.

Xerox Trading Down 0.2 %

Shares of Xerox stock opened at $9.06 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.26 and a quick ratio of 0.95. Xerox Holdings Co. has a 1 year low of $8.02 and a 1 year high of $19.78. The firm has a market cap of $1.13 billion, a PE ratio of 8.80 and a beta of 1.59. The company has a 50 day simple moving average of $9.58 and a two-hundred day simple moving average of $11.06.

Xerox (NYSE:XRX) last announced its earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.26). Xerox had a positive return on equity of 6.60% and a negative net margin of 21.31%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the firm posted $0.46 earnings per share. The firm’s revenue was down 7.5% on a year-over-year basis. Analysts expect that Xerox Holdings Co. will post 1.12 earnings per share for the current fiscal year.

Xerox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 11.04%. Xerox’s payout ratio is -9.06%.

About Xerox

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.