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DekaBank Deutsche Girozentrale purchased a new position in Xerox Holdings Inc (NYSE: XRX – Free Report ) during the third quarter, Holdings Channel.com reported. The fund purchased 32,900 shares of the information technology services provider’s stock, valued at approximately $518,000.
Several other hedge funds have also increased or reduced their holdings in the business. Hexagon Capital Partners LLC boosted its stake in Xerox by 87.2% in the third quarter. Hexagon Capital Partners LLC now owns 1,627 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 758 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Xerox by 3.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 33,635 shares of the information technology services provider’s shares valued at $528,000, after acquiring an additional 975 shares during the period. Texas Teachers Retirement System increased its holdings of Xerox shares by 2.0% in the third quarter. Texas Teachers Retirement System now owns 53,374 shares of the information technology services provider’s shares valued at $837,000, after acquiring an additional 1,045 shares during the period. Corton Capital Inc. increased its holdings of Xerox shares by 6.1% in the first quarter. Corton Capital Inc. now owns 19,795 shares of the information technology services provider’s shares valued at $305,000, after acquiring an additional 1,146 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of Xerox by 34.7% in the first quarter. Captrust Financial Advisors now owns 5,521 shares of the information technology services provider’s shares valued at $113,000, after acquiring an additional 1,422 shares during the period. 83.53% of the shares are held by institutional investors.
Xerox value for money
Shares of XRX opened Friday at $18.48 on the New York Stock Exchange. Xerox Holdings Co. has a 1-year low of $12.06 and a 1-year high of $19.78. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.14, and a quick ratio of 0.90. The company’s 50-day moving average is $17.79 and its 200-day moving average is $15.88. The stock has a market capitalization of $2.27 billion, a P/E ratio of 10.15, and a beta of 1.59.
Xerox (NYSE:XRX – Get Free Report ) last announced its quarterly earnings results on Thursday, January 25th. The information technology services provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.09). Xerox has a net profit margin of 0.01% and a return on equity of 9.41%. The company’s revenue for the quarter was $1.77 billion, compared with analysts’ expectations of $1.79 billion. In the same quarter last year, the company earned $0.89 per share. Xerox’s quarterly revenue fell 8.8% compared with the same period last year. On average, sell-side analysts expect Xerox Holdings to post earnings of $2.27 per share for the current year.
Xerox announces dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30. Investors who register on Friday, March 29th will receive a dividend of $0.25 per share. This represents an annualized dividend of $1.00 and a dividend yield of 5.41%. Xerox’s current dividend payout ratio is -500.00%.
Wall Street analysts comment
A number of stock analysts have issued reports on XRX stock. StockNews.com downgraded shares of Xerox from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Xerox from $16.00 to $18.00 and gave the company an “underweight” rating in a research note on Friday, January 26th.
View our latest research reports on XRX
About Xerox
(free report)
Xerox Holdings Corporation is a workplace technology company that designs, develops and sells document management systems and solutions in the Americas, Europe, the Middle East, Africa, India and internationally. It provides workplace solutions, including desktop monochrome, color and multifunction printers; digital printing presses and lightweight production equipment and solutions; and leveraging workflow automation, personalization and communications software, content management solutions and digitization Digital services for services.
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Want to see which other hedge funds hold XRX? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Xerox Holdings Co. (NYSE: XRX – Free Report).
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