Hsbc Holdings PLC Has $1.39 Million Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Hsbc Holdings PLC increased its stake in Xerox Holdings Co. (NYSE:XRX) by 459.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,911 shares of the information technology services provider’s stock after acquiring an additional 132,129 shares during the quarter. Hsbc Holdings PLC owned about 0.13% of Xerox worth $1,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XRX. Yousif Capital Management LLC boosted its stake in shares of Xerox by 2.8% in the 4th quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider’s stock valued at $454,000 after purchasing an additional 1,486 shares during the last quarter. Franklin Resources Inc. grew its holdings in Xerox by 1.9% during the 4th quarter. Franklin Resources Inc. now owns 95,012 shares of the information technology services provider’s stock worth $801,000 after acquiring an additional 1,733 shares during the period. Russell Investments Group Ltd. raised its position 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 worth $737,000 after acquiring an additional 2,534 shares in the last quarter. Picton Mahoney Asset Management lifted its stake in shares of Xerox by 330.5% in the 4th quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 2,885 shares during the period. Finally, Sterling Capital Management LLC boosted its position in shares of 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 valued at $85,000 after purchasing an additional 3,319 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Upgrades and Downgrades

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

Xerox Trading Up 11.5 %

Shares of Xerox stock opened at $4.84 on Friday. The stock has a market capitalization of $608.75 million, a PE ratio of -0.45 and a beta of 1.56. Xerox Holdings Co. has a 52 week low of $3.45 and a 52 week high of $14.81. The stock has a 50 day moving average price of $5.00 and a two-hundred day moving average price of $7.51. 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 (NYSE:XRX) last announced its quarterly earnings results on Thursday, May 1st. The information technology services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. During the same quarter in the prior year, the business posted $0.06 EPS. The business’s revenue was down 3.0% on a year-over-year basis. As a group, equities analysts anticipate that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.

Xerox Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a dividend of $0.125 per share. The ex-dividend date was Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 10.33%. Xerox’s dividend payout ratio (DPR) 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.