Xerox Holdings Co. (NYSE:XRX) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp boosted its position in shares of Xerox Holdings Co. (NYSE:XRX) by 44.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,380 shares of the information technology services provider’s stock after acquiring an additional 46,708 shares during the period. Stifel Financial Corp’s holdings in Xerox were worth $1,582,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in shares of Xerox by 33.2% in the 3rd quarter. Pacer Advisors Inc. now owns 16,969,127 shares of the information technology services provider’s stock valued at $176,140,000 after buying an additional 4,228,806 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Xerox by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,719,607 shares of the information technology services provider’s stock valued at $17,850,000 after purchasing an additional 107,580 shares during the period. Sound Income Strategies LLC raised its stake in shares of Xerox by 27.9% during the third quarter. Sound Income Strategies LLC now owns 1,033,506 shares of the information technology services provider’s stock worth $10,728,000 after purchasing an additional 225,617 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Xerox by 9.5% during the third quarter. Advisors Asset Management Inc. now owns 796,609 shares of the information technology services provider’s stock worth $8,269,000 after purchasing an additional 69,183 shares during the period. Finally, Royce & Associates LP grew its position in Xerox by 16.9% in the 3rd quarter. Royce & Associates LP now owns 742,189 shares of the information technology services provider’s stock valued at $7,704,000 after buying an additional 107,127 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Xerox Price Performance

Shares of NYSE XRX opened at $8.39 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.95 and a current ratio of 1.26. Xerox Holdings Co. has a one year low of $8.02 and a one year high of $19.78. The firm has a market capitalization of $1.04 billion, a P/E ratio of -0.76 and a beta of 1.59. The company’s fifty day moving average is $9.09 and its two-hundred day moving average is $10.52.

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

Xerox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.92%. The ex-dividend date is Tuesday, December 31st. Xerox’s payout ratio is currently -9.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Xerox from $11.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. Morgan Stanley dropped their price target on shares of 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 shares of Xerox from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.