Xerox (NYSE:XRX) Sets New 52-Week Low – Should You Sell?

Xerox Holdings Co. (NYSE:XRX)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $5.62 and last traded at $5.77, with a volume of 4291014 shares. The stock had previously closed at $5.79.

Analyst Ratings Changes

Separately, StockNews.com downgraded Xerox from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, Xerox presently has a consensus rating of “Reduce” and a consensus price target of $9.50.

Xerox Stock Up 0.7 %

The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $726.63 million, a PE ratio of -0.54 and a beta of 1.66. The stock has a 50-day moving average of $7.82 and a 200 day moving average of $8.88.

Xerox Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.62%. The ex-dividend date is Monday, March 31st. Xerox’s payout ratio is -4.66%.

Institutional Trading of Xerox

A number of institutional investors and hedge funds have recently modified their holdings of XRX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Xerox by 7.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 549,551 shares of the information technology services provider’s stock valued at $4,633,000 after purchasing an additional 36,420 shares during the period. Voloridge Investment Management LLC bought a new position in Xerox during the fourth quarter valued at $1,375,000. Wexford Capital LP bought a new position in Xerox during the fourth quarter valued at $97,000. Two Sigma Advisers LP grew its holdings in Xerox by 8.7% during the fourth quarter. Two Sigma Advisers LP now owns 289,750 shares of the information technology services provider’s stock valued at $2,443,000 after purchasing an additional 23,100 shares during the period. Finally, Two Sigma Investments LP grew its holdings in Xerox by 1.0% during the fourth quarter. Two Sigma Investments LP now owns 452,329 shares of the information technology services provider’s stock valued at $3,813,000 after purchasing an additional 4,552 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

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.