Xerox Holdings Co. (NYSE:XRX) Shares Purchased by Barclays PLC

Barclays PLC lifted its position in shares of Xerox Holdings Co. (NYSE:XRX) by 55.5% during the third quarter, Holdings Channel.com reports. The firm owned 469,106 shares of the information technology services provider’s stock after acquiring an additional 167,500 shares during the period. Barclays PLC’s holdings in Xerox were worth $4,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Gladius Capital Management LP purchased a new position in shares of Xerox during the 3rd quarter valued at approximately $29,000. US Bancorp DE grew its position in shares of Xerox by 42.3% in the third quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider’s stock valued at $66,000 after purchasing an additional 1,888 shares during the period. nVerses Capital LLC acquired a new position in shares of Xerox during the 2nd quarter worth about $78,000. Plato Investment Management Ltd boosted its holdings in Xerox by 45.0% in the 2nd quarter. Plato Investment Management Ltd now owns 9,346 shares of the information technology services provider’s stock worth $109,000 after buying an additional 2,899 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Xerox by 381.3% during the third quarter. CWM LLC now owns 10,897 shares of the information technology services provider’s stock valued at $113,000 after acquiring an additional 8,633 shares during the last quarter. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Xerox Price Performance

XRX stock opened at $8.39 on Friday. Xerox Holdings Co. has a 52-week low of $8.02 and a 52-week high of $19.78. The business has a fifty day moving average of $9.05 and a two-hundred day moving average of $10.48. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -0.76 and a beta of 1.59. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 2.11.

Xerox (NYSE:XRX) last released its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm posted $0.46 earnings per share. Xerox’s revenue was down 7.5% on a year-over-year basis. As a group, research analysts anticipate that Xerox Holdings Co. will post 1.12 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. Investors of record on Tuesday, December 31st will be paid a dividend of $0.25 per share. 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 -9.06%.

Analyst Upgrades and Downgrades

XRX has been the subject of several research reports. Morgan Stanley dropped their price target on Xerox from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Xerox from a “hold” rating to a “buy” rating in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered their target price on Xerox from $11.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.50.

About Xerox

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.