56,600 Shares in Xerox Holdings Co. (NYSE:XRX) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Xerox Holdings Co. (NYSE:XRX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 56,600 shares of the information technology services provider’s stock, valued at approximately $1,037,000.

Other large investors have also added to or reduced their stakes in the company. Arden Trust Co lifted its stake in Xerox by 1.8% in the fourth quarter. Arden Trust Co now owns 36,561 shares of the information technology services provider’s stock valued at $670,000 after acquiring an additional 661 shares during the last quarter. Hexagon Capital Partners LLC lifted 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 acquiring an additional 758 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in 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 stock valued at $528,000 after acquiring an additional 975 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Xerox by 2.0% in the third quarter. Teacher Retirement System of Texas now owns 53,374 shares of the information technology services provider’s stock valued at $837,000 after acquiring an additional 1,045 shares during the last quarter. Finally, Diversified Trust Co lifted its stake in Xerox by 7.1% in the fourth quarter. Diversified Trust Co now owns 20,497 shares of the information technology services provider’s stock valued at $376,000 after acquiring an additional 1,352 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com cut shares of Xerox from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Xerox from $18.00 to $17.00 and set an “underweight” rating for the company in a research note on Wednesday.

Xerox Stock Performance

NYSE XRX opened at $14.38 on Thursday. The firm has a 50-day moving average of $17.42 and a 200-day moving average of $16.30. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.91 and a current ratio of 1.14. The stock has a market cap of $1.79 billion, a PE ratio of -71.90 and a beta of 1.56. Xerox Holdings Co. has a 52-week low of $12.06 and a 52-week high of $19.78.

Xerox (NYSE:XRX) last posted its earnings results on Tuesday, April 23rd. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.29). The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.53 billion. Xerox had a return on equity of 9.41% and a net margin of 0.01%. The business’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. On average, sell-side analysts anticipate that Xerox Holdings Co. will post 2.31 EPS for the current year.

Xerox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date is Wednesday, March 27th. Xerox’s dividend 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.