Sargent Investment Group LLC Decreases Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Sargent Investment Group LLC reduced its holdings in Xerox Holdings Co. (NYSE:XRX) by 22.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,795 shares of the information technology services provider’s stock after selling 40,135 shares during the period. Sargent Investment Group LLC’s holdings in Xerox were worth $1,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in XRX. Vanguard Group Inc. grew its position in Xerox by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 15,981,297 shares of the information technology services provider’s stock worth $292,937,000 after acquiring an additional 190,034 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Xerox by 10.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,587,041 shares of the information technology services provider’s stock worth $29,090,000 after purchasing an additional 153,144 shares during the period. Allianz Asset Management GmbH increased its position in shares of Xerox by 1.5% during the 4th quarter. Allianz Asset Management GmbH now owns 1,044,971 shares of the information technology services provider’s stock valued at $19,154,000 after purchasing an additional 15,408 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in Xerox by 3.5% during the 1st quarter. Bridgeway Capital Management LLC now owns 986,682 shares of the information technology services provider’s stock valued at $17,662,000 after buying an additional 33,590 shares during the period. Finally, Intrinsic Edge Capital Management LLC bought a new stake in Xerox in the fourth quarter worth $14,832,000. 85.36% of the stock is currently owned by institutional investors.

Xerox Stock Performance

Shares of NYSE:XRX opened at $10.58 on Tuesday. The firm’s 50 day simple moving average is $10.69 and its 200-day simple moving average is $13.45. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.49. Xerox Holdings Co. has a one year low of $9.51 and a one year high of $19.78. The firm has a market cap of $1.31 billion, a PE ratio of -6.74 and a beta of 1.57.

Xerox (NYSE:XRX) last released its quarterly earnings data on Thursday, July 25th. The information technology services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.14). Xerox had a positive return on equity of 7.33% and a negative net margin of 1.60%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, equities analysts predict that Xerox Holdings Co. will post 1.79 EPS for the current year.

Xerox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.45%. The ex-dividend date of this dividend is Monday, September 30th. Xerox’s dividend payout ratio (DPR) is presently -63.69%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Xerox from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Citigroup assumed coverage on Xerox in a research note on Friday, June 28th. They set a “sell” rating and a $11.00 target price on the stock. Finally, Loop Capital cut their price objective on Xerox from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.75.

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.