Mutual of America Capital Management LLC Lowers Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Mutual of America Capital Management LLC lowered its stake in shares of Xerox Holdings Co. (NYSE:XRX) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,390 shares of the information technology services provider’s stock after selling 1,391 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Xerox were worth $181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in Xerox by 6.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,169 shares of the information technology services provider’s stock valued at $1,167,000 after purchasing an additional 4,203 shares in the last quarter. Comerica Bank boosted its holdings in Xerox by 46.8% in the 1st quarter. Comerica Bank now owns 83,795 shares of the information technology services provider’s stock valued at $1,500,000 after purchasing an additional 26,700 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Xerox by 30.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 36,693 shares of the information technology services provider’s stock valued at $638,000 after purchasing an additional 8,496 shares in the last quarter. CWM LLC boosted its stake in shares of Xerox by 155.5% during the 2nd quarter. CWM LLC now owns 2,264 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 1,378 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Xerox by 7.4% during the 2nd quarter. Sound Income Strategies LLC now owns 807,889 shares of the information technology services provider’s stock worth $9,388,000 after acquiring an additional 55,454 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Xerox Trading Up 0.9 %

Shares of XRX opened at $9.14 on Friday. The stock has a fifty day moving average of $9.54 and a two-hundred day moving average of $11.05. 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 company has a market capitalization of $1.14 billion, a PE ratio of -0.83 and a beta of 1.59. Xerox Holdings Co. has a fifty-two week low of $8.02 and a fifty-two week high of $19.78.

Xerox (NYSE:XRX) last issued its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.26). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.63 billion. Xerox had a negative net margin of 21.31% and a positive return on equity of 6.60%. The company’s revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share. As a group, analysts forecast that Xerox Holdings Co. will post 1.12 EPS for the current year.

Xerox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 10.94%. Xerox’s dividend payout ratio (DPR) is presently -9.06%.

Analyst Upgrades and Downgrades

XRX has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on Xerox from $11.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. Loop Capital decreased their price target on Xerox from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Morgan Stanley decreased their price target on Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded Xerox from a “hold” rating to a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.