Xerox Holdings Co. (NYSE:XRX) Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC grew its stake in shares of Xerox Holdings Co. (NYSE:XRX) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,293 shares of the information technology services provider’s stock after purchasing an additional 6,749 shares during the quarter. Voya Investment Management LLC’s holdings in Xerox were worth $466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Yousif Capital Management LLC boosted its holdings in Xerox by 2.8% in the 4th quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider’s stock worth $454,000 after acquiring an additional 1,486 shares during the period. Franklin Resources Inc. boosted its stake in shares of Xerox by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 95,012 shares of the information technology services provider’s stock valued at $801,000 after purchasing an additional 1,733 shares during the period. Russell Investments Group Ltd. grew its holdings in Xerox by 3.0% during the 4th quarter. Russell Investments Group Ltd. now owns 87,466 shares of the information technology services provider’s stock valued at $737,000 after purchasing an additional 2,534 shares in the last quarter. Picton Mahoney Asset Management lifted its holdings in Xerox by 330.5% in the 4th quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider’s stock worth $31,000 after buying an additional 2,885 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in Xerox by 48.9% in the 4th quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider’s stock valued at $85,000 after buying an additional 3,319 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Xerox Price Performance

Shares of XRX stock opened at $5.52 on Friday. The firm has a market cap of $694.28 million, a P/E ratio of -0.51 and a beta of 1.75. The firm has a fifty day moving average of $4.88 and a two-hundred day moving average of $7.33. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84. Xerox Holdings Co. has a 1-year low of $3.45 and a 1-year high of $14.81.

Xerox (NYSE:XRX) last announced its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. During the same period in the prior year, the business earned $0.06 earnings per share. Xerox’s revenue was down 3.0% compared to the same quarter last year. As a group, research analysts anticipate that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.

Xerox Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 9.06%. The ex-dividend date was Monday, March 31st. Xerox’s dividend payout ratio (DPR) is presently -4.74%.

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.