Aigen Investment Management LP Makes New Investment in Xerox Holdings Co. (NYSE:XRX)

Aigen Investment Management LP purchased a new stake in shares of Xerox Holdings Co. (NYSE:XRX) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 30,207 shares of the information technology services provider’s stock, valued at approximately $255,000.

A number of other hedge funds have also recently modified their holdings of XRX. Creative Planning purchased a new position in Xerox during the third quarter worth about $225,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Xerox by 24.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,600 shares of the information technology services provider’s stock worth $183,000 after buying an additional 3,444 shares during the last quarter. US Bancorp DE raised its position in shares of Xerox by 42.3% during the 3rd quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider’s stock valued at $66,000 after buying an additional 1,888 shares during the period. Entropy Technologies LP lifted its holdings in Xerox by 250.6% in the third quarter. Entropy Technologies LP now owns 48,802 shares of the information technology services provider’s stock valued at $507,000 after acquiring an additional 34,881 shares during the last quarter. Finally, Verus Capital Partners LLC grew its position in Xerox by 11.2% in the third quarter. Verus Capital Partners LLC now owns 76,708 shares of the information technology services provider’s stock worth $796,000 after acquiring an additional 7,700 shares during the period. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Xerox Stock Performance

Shares of XRX stock opened at $6.36 on Monday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The firm has a market cap of $796.79 million, a P/E ratio of -0.59 and a beta of 1.66. The firm’s 50 day moving average price is $8.25 and its 200-day moving average price is $9.15. Xerox Holdings Co. has a one year low of $6.07 and a one year high of $18.18.

Xerox Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date is Monday, March 31st. Xerox’s dividend payout ratio (DPR) is -4.66%.

Analyst Ratings Changes

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

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.