TD Waterhouse Canada Inc. Invests $51,000 in Xerox Holdings Co. (NYSE:XRX)

TD Waterhouse Canada Inc. acquired a new stake in Xerox Holdings Co. (NYSE:XRX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,000 shares of the information technology services provider’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Xerox by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,763,679 shares of the information technology services provider’s stock valued at $132,888,000 after purchasing an additional 199,598 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Xerox by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,812,102 shares of the information technology services provider’s stock valued at $15,276,000 after purchasing an additional 92,495 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Xerox by 5.9% in the 4th quarter. Invesco Ltd. now owns 1,706,086 shares of the information technology services provider’s stock valued at $14,382,000 after purchasing an additional 94,779 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Xerox by 397.5% in the 4th quarter. Marshall Wace LLP now owns 1,378,215 shares of the information technology services provider’s stock valued at $11,618,000 after purchasing an additional 1,101,171 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Xerox by 6.7% in the 4th quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider’s stock valued at $9,296,000 after purchasing an additional 69,182 shares in the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Xerox Stock Performance

Xerox stock opened at $4.39 on Tuesday. The stock’s 50 day moving average price is $5.26 and its 200 day moving average price is $7.63. The firm has a market capitalization of $552.15 million, a PE ratio of -0.41 and a beta of 1.56. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. Xerox Holdings Co. has a one year low of $3.45 and a one year high of $14.81.

Xerox Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, March 31st. This represents a $0.50 annualized dividend and a yield of 11.39%. Xerox’s dividend payout ratio is presently -4.66%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price 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.