Goldman Sachs Group Inc. Has $33.17 Million Stake in Xerox Holdings Co. (NYSE:XRX)

Goldman Sachs Group Inc. decreased its stake in shares of Xerox Holdings Co. (NYSE:XRX) by 15.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,809,739 shares of the information technology services provider’s stock after selling 327,883 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Xerox were worth $33,173,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new position in shares of Xerox in the 4th quarter worth $25,000. GAMMA Investing LLC bought a new position in shares of Xerox in the 4th quarter worth $25,000. Hexagon Capital Partners LLC lifted its holdings in shares of Xerox by 38.7% in the 4th quarter. Hexagon Capital Partners LLC now owns 2,257 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 630 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in shares of Xerox by 30,127.3% in the 4th quarter. TFO Wealth Partners LLC now owns 3,325 shares of the information technology services provider’s stock worth $61,000 after purchasing an additional 3,314 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of 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 worth $84,000 after purchasing an additional 4,333 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on XRX shares. JPMorgan Chase & Co. cut their target price on Xerox from $18.00 to $17.00 and set an “underweight” rating on the stock in a report on Wednesday, April 24th. StockNews.com upgraded Xerox from a “hold” rating to a “buy” rating in a report on Wednesday.

Xerox Price Performance

Shares of NYSE:XRX opened at $13.32 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 1.34. The stock’s fifty day simple moving average is $14.12 and its two-hundred day simple moving average is $16.33. Xerox Holdings Co. has a 1-year low of $12.06 and a 1-year high of $19.78. The stock has a market cap of $1.65 billion, a PE ratio of -8.48 and a beta of 1.63.

Xerox (NYSE:XRX) last issued its quarterly earnings data on Tuesday, April 23rd. The information technology services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.29). Xerox had a negative net margin of 2.74% and a positive return on equity of 7.77%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business posted $0.49 earnings per share. Xerox’s revenue was down 12.8% on a year-over-year basis. As a group, analysts forecast that Xerox Holdings Co. will post 2.05 EPS for the current fiscal year.

Xerox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.51%. The ex-dividend date is Friday, June 28th. Xerox’s dividend payout ratio (DPR) is presently -63.69%.

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.