Plato Investment Management Ltd Has $67,000 Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Plato Investment Management Ltd lowered its position in Xerox Holdings Co. (NYSE:XRX) by 31.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,447 shares of the information technology services provider’s stock after selling 2,899 shares during the quarter. Plato Investment Management Ltd’s holdings in Xerox were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in Xerox by 21.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,079 shares of the information technology services provider’s stock worth $324,000 after purchasing an additional 3,177 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Xerox by 36.9% during the first quarter. Janney Montgomery Scott LLC now owns 36,721 shares of the information technology services provider’s stock worth $657,000 after acquiring an additional 9,896 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Xerox by 87.1% in the first quarter. SG Americas Securities LLC now owns 44,822 shares of the information technology services provider’s stock valued at $802,000 after acquiring an additional 20,861 shares during the last quarter. Sei Investments Co. boosted its holdings in Xerox by 3.2% in the first quarter. Sei Investments Co. now owns 66,915 shares of the information technology services provider’s stock valued at $1,198,000 after acquiring an additional 2,095 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in Xerox by 7.0% during the 1st quarter. QRG Capital Management Inc. now owns 33,234 shares of the information technology services provider’s stock valued at $595,000 after purchasing an additional 2,185 shares during the period. Institutional investors own 85.36% of the company’s stock.

Xerox Trading Up 0.5 %

NYSE:XRX opened at $8.43 on Friday. The firm has a fifty day simple moving average of $9.82 and a two-hundred day simple moving average of $11.33. Xerox Holdings Co. has a 12 month low of $8.02 and a 12 month high of $19.78. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 8.15 and a beta of 1.59. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 2.11.

Xerox (NYSE:XRX) last posted its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.26). Xerox had a positive return on equity of 6.60% and a negative net margin of 21.31%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. Analysts expect that Xerox Holdings Co. will post 1.38 EPS for the current fiscal year.

Xerox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 11.86%. The ex-dividend date is Tuesday, December 31st. Xerox’s payout ratio is currently -9.06%.

Analyst Ratings Changes

XRX has been the topic of a number of analyst reports. StockNews.com raised shares of Xerox from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th. JPMorgan Chase & Co. cut their price target on shares of Xerox from $11.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Loop Capital lowered their price objective on Xerox from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, August 14th. Finally, Morgan Stanley cut their target price on Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” 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.