Occudo Quantitative Strategies LP Acquires Shares of 10,359 Xerox Holdings Co. (NYSE:XRX)

Occudo Quantitative Strategies LP acquired a new stake in shares of Xerox Holdings Co. (NYSE:XRX) during the 4th quarter, Holdings Channel.com reports. The fund acquired 10,359 shares of the information technology services provider’s stock, valued at approximately $87,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP raised its position in shares of Xerox by 397.5% during the 4th quarter. Marshall Wace LLP now owns 1,378,215 shares of the information technology services provider’s stock worth $11,618,000 after purchasing an additional 1,101,171 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Xerox during the 4th quarter worth approximately $4,101,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Xerox during the 4th quarter worth approximately $3,067,000. Victory Capital Management Inc. raised its position in shares of Xerox by 164.8% during the 4th quarter. Victory Capital Management Inc. now owns 546,536 shares of the information technology services provider’s stock worth $4,607,000 after purchasing an additional 340,168 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Xerox by 47.5% during the 4th quarter. First Trust Advisors LP now owns 990,120 shares of the information technology services provider’s stock worth $8,347,000 after purchasing an additional 318,750 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Xerox Stock Performance

Shares of XRX stock opened at $5.54 on Monday. Xerox Holdings Co. has a 12-month low of $3.45 and a 12-month high of $14.81. The firm has a market capitalization of $696.88 million, a price-to-earnings ratio of -0.52 and a beta of 1.75. The business has a 50 day simple moving average of $4.82 and a 200 day simple moving average of $7.17. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84.

Xerox (NYSE:XRX) last issued its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%. During the same period in the prior year, the business earned $0.06 earnings per share. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 9.03%. The ex-dividend date of this dividend was Monday, March 31st. Xerox’s dividend payout ratio (DPR) is presently -4.74%.

Analysts Set New Price Targets

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