New York State Teachers Retirement System Has $1.31 Million Stake in Xerox Holdings Co. (NYSE:XRX)

New York State Teachers Retirement System decreased its position in Xerox Holdings Co. (NYSE:XRX) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 126,542 shares of the information technology services provider’s stock after selling 3,300 shares during the period. New York State Teachers Retirement System’s holdings in Xerox were worth $1,314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of XRX. Sound Income Strategies LLC grew its holdings in shares of Xerox by 27.9% in the 3rd quarter. Sound Income Strategies LLC now owns 1,033,506 shares of the information technology services provider’s stock valued at $10,728,000 after acquiring an additional 225,617 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Xerox by 3.5% in 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 acquiring an additional 33,590 shares in the last quarter. SG Capital Management LLC bought a new position in shares of Xerox in the 1st quarter valued at about $8,466,000. Edgestream Partners L.P. grew its holdings in shares of Xerox by 51.5% in the 2nd quarter. Edgestream Partners L.P. now owns 381,508 shares of the information technology services provider’s stock valued at $4,433,000 after acquiring an additional 129,616 shares in the last quarter. Finally, Caxton Associates LP grew its holdings in shares of Xerox by 34.3% in the 2nd quarter. Caxton Associates LP now owns 362,733 shares of the information technology services provider’s stock valued at $4,215,000 after acquiring an additional 92,687 shares in the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Xerox Trading Down 0.1 %

Xerox stock opened at $8.89 on Friday. Xerox Holdings Co. has a 52 week low of $8.02 and a 52 week high of $19.78. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.95 and a current ratio of 1.26. The stock has a market capitalization of $1.11 billion, a P/E ratio of -0.81 and a beta of 1.59. The stock has a 50-day simple moving average of $10.04 and a 200 day simple moving average of $11.51.

Xerox (NYSE:XRX) last posted its earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.26). Xerox had a negative net margin of 21.31% and a positive return on equity of 6.60%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the company posted $0.46 EPS. Xerox’s revenue for the quarter was down 7.5% compared to the same quarter last year. Analysts expect that Xerox Holdings Co. will post 1.38 earnings per share for the current year.

Xerox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 11.25%. The ex-dividend date of this dividend is Tuesday, December 31st. Xerox’s payout ratio is -9.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on XRX shares. JPMorgan Chase & Co. decreased their price objective on Xerox from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. StockNews.com upgraded Xerox from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley reduced their price target on Xerox from $10.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. Finally, Loop Capital reduced their price target on Xerox from $14.00 to $11.00 and set a “hold” rating for the company in a 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.50.

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.