Quantbot Technologies LP Raises Stake in Xerox Holdings Co. (NYSE:XRX)

Quantbot Technologies LP grew its stake in shares of Xerox Holdings Co. (NYSE:XRX) by 51.8% in the fourth quarter, Holdings Channel reports. The firm owned 303,353 shares of the information technology services provider’s stock after acquiring an additional 103,580 shares during the period. Quantbot Technologies LP’s holdings in Xerox were worth $2,557,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Yousif Capital Management LLC boosted its stake in shares of Xerox by 2.8% during the fourth quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider’s stock valued at $454,000 after purchasing an additional 1,486 shares during the period. Picton Mahoney Asset Management boosted its stake in shares of Xerox by 330.5% during the fourth quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 2,885 shares during the period. Coastwise Capital Group LLC boosted its stake in shares of Xerox by 13.8% during the third quarter. Coastwise Capital Group LLC now owns 24,075 shares of the information technology services provider’s stock valued at $250,000 after purchasing an additional 2,924 shares during the period. KBC Group NV boosted its stake in shares of Xerox by 84.5% during the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 4,224 shares during the period. Finally, AlphaQuest LLC boosted its stake in shares of Xerox by 25.9% during the fourth quarter. AlphaQuest LLC now owns 23,718 shares of the information technology services provider’s stock valued at $200,000 after purchasing an additional 4,882 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Xerox Stock Performance

XRX stock opened at $5.51 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84. The business has a 50-day moving average price of $7.69 and a 200 day moving average price of $8.80. The company has a market capitalization of $690.30 million, a P/E 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.

Xerox Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.125 dividend. 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 dividend payout ratio is presently -4.66%.

Xerox 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.