Cwm LLC Purchases 8,633 Shares of Xerox Holdings Co. (NYSE:XRX)

Cwm LLC raised its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 381.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,897 shares of the information technology services provider’s stock after purchasing an additional 8,633 shares during the quarter. Cwm LLC’s holdings in Xerox were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XRX. EntryPoint Capital LLC bought a new position in Xerox in the 1st quarter worth approximately $45,000. Plato Investment Management Ltd bought a new position in shares of Xerox in the first quarter worth $115,000. nVerses Capital LLC purchased a new position in shares of Xerox in the second quarter valued at $78,000. Innealta Capital LLC bought a new stake in shares of Xerox during the 2nd quarter valued at $115,000. Finally, Covestor Ltd lifted its holdings in Xerox by 16.2% during the 1st quarter. Covestor Ltd now owns 10,512 shares of the information technology services provider’s stock worth $188,000 after purchasing an additional 1,464 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Xerox Stock Down 1.0 %

Shares of NYSE:XRX opened at $9.95 on Friday. The firm has a fifty day moving average of $10.45 and a 200 day moving average of $12.08. Xerox Holdings Co. has a 52-week low of $9.51 and a 52-week high of $19.78. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.49. The firm has a market capitalization of $1.24 billion, a PE ratio of -9.48 and a beta of 1.57.

Xerox (NYSE:XRX) last announced its quarterly earnings data on Thursday, July 25th. The information technology services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.14). The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. Xerox had a negative net margin of 1.60% and a positive return on equity of 7.33%. Xerox’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 earnings per share. As a group, research analysts anticipate that Xerox Holdings Co. will post 1.72 EPS for the current fiscal year.

Xerox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.05%. Xerox’s payout ratio is -95.24%.

Analyst Upgrades and Downgrades

XRX has been the topic of several analyst reports. StockNews.com upgraded Xerox from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Loop Capital cut their price target on shares of Xerox from $14.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Citigroup began coverage on shares of Xerox in a report on Friday, June 28th. They issued a “sell” rating and a $11.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on Xerox from $13.00 to $11.00 and set an “underweight” rating for the company in a research note on Monday, October 21st.

Xerox Company 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.