BW Gestao de Investimentos Ltda. Takes $1.66 Million Position in Xerox Holdings Co. $XRX

BW Gestao de Investimentos Ltda. acquired a new stake in shares of Xerox Holdings Co. (NASDAQ:XRX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 700,000 shares of the information technology services provider’s stock, valued at approximately $1,659,000. BW Gestao de Investimentos Ltda. owned about 0.55% of Xerox as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Xerox by 24.4% in the 4th quarter. Geode Capital Management LLC now owns 2,915,580 shares of the information technology services provider’s stock worth $6,911,000 after buying an additional 571,715 shares during the last quarter. Two Sigma Investments LP boosted its stake in Xerox by 43.2% in the 3rd quarter. Two Sigma Investments LP now owns 2,476,689 shares of the information technology services provider’s stock worth $9,312,000 after buying an additional 746,582 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Xerox by 89.4% in the 4th quarter. First Eagle Investment Management LLC now owns 2,182,500 shares of the information technology services provider’s stock worth $5,173,000 after buying an additional 1,030,000 shares during the last quarter. Invesco Ltd. boosted its stake in Xerox by 3.4% in the 2nd quarter. Invesco Ltd. now owns 1,898,380 shares of the information technology services provider’s stock worth $10,004,000 after buying an additional 61,723 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Xerox by 10.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,851,034 shares of the information technology services provider’s stock worth $6,960,000 after buying an additional 181,023 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analyst Weigh In

XRX has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Xerox in a research note on Monday, April 27th. Zacks Research raised Xerox from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $2.50.

Xerox Stock Performance

NASDAQ XRX opened at $3.29 on Wednesday. The firm has a market capitalization of $430.27 million, a P/E ratio of -0.40 and a beta of 2.40. Xerox Holdings Co. has a 1-year low of $1.19 and a 1-year high of $6.80. The company has a debt-to-equity ratio of 14.04, a current ratio of 1.18 and a quick ratio of 0.85. The business’s 50-day simple moving average is $1.98 and its 200-day simple moving average is $2.19.

Xerox (NASDAQ:XRX) last released its quarterly earnings data on Thursday, April 30th. The information technology services provider reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.09. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.78 billion. Xerox had a negative return on equity of 12.08% and a negative net margin of 14.09%.The company’s revenue was up 26.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) EPS. Equities analysts predict that Xerox Holdings Co. will post 0.03 EPS for the current year.

Xerox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, June 30th. Xerox’s dividend payout ratio (DPR) is presently -1.20%.

About Xerox

Xerox Holdings Corporation (NYSE: XRX) is a global provider of document management technology and services. The company designs and manufactures a broad range of multifunction printers, production printers, digital presses and related consumables. In addition to its hardware offerings, Xerox delivers software and workflow automation solutions, managed print services and cloud-based document platforms that help organizations optimize their information-intensive processes.

Founded in 1906 as The Haloid Photographic Company, Xerox pioneered xerographic imaging in the late 1940s, launching the first plain-paper copier in 1959.