Xerox (NYSE:XRX) Hits New 1-Year Low – Time to Sell?

Xerox Holdings Co. (NYSE:XRX)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $5.41 and last traded at $5.45, with a volume of 764189 shares trading hands. The stock had previously closed at $5.51.

Wall Street Analysts Forecast Growth

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

Xerox Trading Down 3.8 %

The stock has a market cap of $663.99 million, a price-to-earnings ratio of -0.49 and a beta of 1.66. 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’s 50 day moving average is $7.69 and its 200 day moving average is $8.79.

Xerox Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 9.43%. The ex-dividend date of this dividend is Monday, March 31st. Xerox’s dividend payout ratio (DPR) is presently -4.66%.

Hedge Funds Weigh In On Xerox

Several hedge funds have recently added to or reduced their stakes in XRX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Xerox by 7.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 549,551 shares of the information technology services provider’s stock valued at $4,633,000 after buying an additional 36,420 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Xerox in the 4th quarter valued at about $1,375,000. Wexford Capital LP acquired a new stake in shares of Xerox in the 4th quarter valued at about $97,000. Two Sigma Advisers LP grew its stake in Xerox by 8.7% during the 4th quarter. Two Sigma Advisers LP now owns 289,750 shares of the information technology services provider’s stock worth $2,443,000 after buying an additional 23,100 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in Xerox by 1.0% in the fourth quarter. Two Sigma Investments LP now owns 452,329 shares of the information technology services provider’s stock valued at $3,813,000 after buying an additional 4,552 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

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.