Semanteon Capital Management LP Invests $492,000 in Xerox Holdings Co. (NYSE:XRX)

Semanteon Capital Management LP bought a new position in Xerox Holdings Co. (NYSE:XRX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 58,391 shares of the information technology services provider’s stock, valued at approximately $492,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Xponance Inc. acquired a new stake in shares of Xerox in the fourth quarter worth $87,000. Advisors Asset Management Inc. boosted its position in shares of Xerox by 17.0% in the fourth quarter. Advisors Asset Management Inc. now owns 932,232 shares of the information technology services provider’s stock worth $7,859,000 after buying an additional 135,623 shares during the period. Greenwich Wealth Management LLC acquired a new stake in shares of Xerox in the fourth quarter worth $89,000. Picton Mahoney Asset Management boosted its position in shares of Xerox by 330.5% in the fourth 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Xerox by 35.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 212,530 shares of the information technology services provider’s stock worth $1,792,000 after buying an additional 55,878 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $9.50.

Xerox Price Performance

XRX opened at $5.51 on Friday. The stock has a market cap of $690.30 million, a price-to-earnings ratio of -0.51 and a beta of 1.66. Xerox Holdings Co. has a 1 year low of $5.48 and a 1 year high of $18.18. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The stock has a fifty day moving average price of $7.69 and a 200 day moving average price of $8.82.

Xerox Cuts Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 9.07%. Xerox’s payout ratio is -4.66%.

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.