DekaBank Deutsche Girozentrale Sells 4,703 Shares of Xerox Holdings Co. (NYSE:XRX)

DekaBank Deutsche Girozentrale lowered its holdings in Xerox Holdings Co. (NYSE:XRX) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,197 shares of the information technology services provider’s stock after selling 4,703 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Xerox were worth $513,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its holdings in Xerox by 1,733.2% in the 4th quarter. International Assets Investment Management LLC now owns 4,583 shares of the information technology services provider’s stock valued at $84,000 after purchasing an additional 4,333 shares during the period. SteelPeak Wealth LLC bought a new stake in Xerox in the 4th quarter valued at about $496,000. Brave Asset Management Inc. boosted its holdings in Xerox by 50.4% in the 4th quarter. Brave Asset Management Inc. now owns 20,900 shares of the information technology services provider’s stock valued at $383,000 after purchasing an additional 7,000 shares during the period. FNY Investment Advisers LLC bought a new stake in Xerox in the 4th quarter valued at about $25,000. Finally, Sound Income Strategies LLC boosted its holdings in Xerox by 60.8% in the 4th quarter. Sound Income Strategies LLC now owns 691,989 shares of the information technology services provider’s stock valued at $12,684,000 after purchasing an additional 261,737 shares during the period. Institutional investors own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on XRX shares. JPMorgan Chase & Co. upped their price target on shares of Xerox from $16.00 to $18.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. StockNews.com downgraded shares of Xerox from a “buy” rating to a “hold” rating in a report on Friday, March 22nd.

Xerox Stock Performance

Shares of Xerox stock opened at $16.37 on Tuesday. The company has a 50 day moving average of $17.78 and a 200-day moving average of $16.29. Xerox Holdings Co. has a 1-year low of $12.06 and a 1-year high of $19.78. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.06. The company has a market cap of $2.03 billion, a PE ratio of 9.26 and a beta of 1.56.

Xerox (NYSE:XRX) last released its quarterly earnings data on Thursday, January 25th. The information technology services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.09). The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.79 billion. Xerox had a return on equity of 9.41% and a net margin of 0.01%. Xerox’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. As a group, equities research analysts forecast that Xerox Holdings Co. will post 2.27 earnings per share for the current fiscal year.

Xerox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.11%. The ex-dividend date is Wednesday, March 27th. Xerox’s payout ratio is -500.00%.

Xerox Company 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.