Xerox Holdings Co. $XRX Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 3.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,168,559 shares of the information technology services provider’s stock after buying an additional 44,241 shares during the period. Sound Income Strategies LLC’s holdings in Xerox were worth $6,158,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY lifted its holdings in Xerox by 2,392.4% during the 1st 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 buying an additional 1,196,200 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in Xerox by 5.7% during the 1st quarter. Yousif Capital Management LLC now owns 56,907 shares of the information technology services provider’s stock worth $275,000 after buying an additional 3,091 shares in the last quarter. Strs Ohio acquired a new stake in Xerox during the 1st quarter worth approximately $479,000. GAMMA Investing LLC lifted its holdings in Xerox by 569.7% during the 1st quarter. GAMMA Investing LLC now owns 7,045 shares of the information technology services provider’s stock worth $34,000 after buying an additional 5,993 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Xerox by 37.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,575,229 shares of the information technology services provider’s stock valued at $7,608,000 after purchasing an additional 431,349 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director A. Scott Letier purchased 29,600 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $3.95 per share, for a total transaction of $116,920.00. Following the purchase, the director directly owned 58,984 shares of the company’s stock, valued at $232,986.80. The trade was a 100.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Xerox Price Performance

Shares of NYSE:XRX opened at $3.75 on Monday. The company’s fifty day moving average price is $4.22 and its 200 day moving average price is $4.72. Xerox Holdings Co. has a 12 month low of $3.44 and a 12 month 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 firm has a market capitalization of $471.86 million, a P/E ratio of -0.35 and a beta of 1.77.

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

Xerox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, September 30th. Xerox’s dividend payout ratio (DPR) is currently -0.87%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XRX. Zacks Research upgraded shares of Xerox from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Citigroup began coverage on shares of Xerox in a report on Monday, August 18th. They issued a “neutral” rating and a $4.50 price objective on the stock. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Xerox currently has a consensus rating of “Reduce” and a consensus 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.