Bfsg LLC Takes $92,000 Position in Xerox Holdings Co. $XRX

Bfsg LLC bought a new stake in Xerox Holdings Co. (NYSE:XRX) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 17,515 shares of the information technology services provider’s stock, valued at approximately $92,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Federated Hermes Inc. increased its stake in shares of Xerox by 2,035.4% in the first quarter. Federated Hermes Inc. now owns 3,682,002 shares of the information technology services provider’s stock valued at $17,784,000 after buying an additional 3,509,574 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Xerox by 14.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,066,576 shares of the information technology services provider’s stock worth $9,982,000 after purchasing an additional 254,474 shares during the period. Invesco Ltd. increased its position in Xerox by 7.7% in the first quarter. Invesco Ltd. now owns 1,836,657 shares of the information technology services provider’s stock worth $8,871,000 after purchasing an additional 130,571 shares during the period. Goldman Sachs Group Inc. increased its position in Xerox by 37.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,575,229 shares of the information technology services provider’s stock worth $7,608,000 after purchasing an additional 431,349 shares during the period. Finally, Paradigm Capital Management Inc. NY increased its position in Xerox by 2,392.4% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,246,200 shares of the information technology services provider’s stock worth $6,019,000 after purchasing an additional 1,196,200 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Xerox Trading Down 5.1%

NYSE:XRX opened at $3.92 on Wednesday. Xerox Holdings Co. has a fifty-two week low of $3.44 and a fifty-two week high of $11.29. 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 stock has a market capitalization of $493.25 million, a PE ratio of -0.36 and a beta of 1.77. The business’s 50-day simple moving average is $4.30 and its 200-day simple moving average is $4.78.

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

Xerox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.10 dividend on an annualized basis and a yield of 2.6%. Xerox’s dividend payout ratio is -0.87%.

Insider Activity

In other Xerox news, Director A. Scott Letier acquired 29,600 shares of the stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $3.95 per share, for a total transaction of $116,920.00. Following the completion of the acquisition, the director directly owned 58,984 shares of the company’s stock, valued at approximately $232,986.80. This trade represents a 100.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on XRX shares. Citigroup assumed coverage on Xerox in a research report on Monday, August 18th. They issued a “neutral” rating and a $4.50 price objective for the company. Zacks Research upgraded Xerox from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $6.83.

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.