Gladius Capital Management LP Purchases New Shares in Xerox Holdings Co. (NYSE:XRX)

Gladius Capital Management LP bought a new position in Xerox Holdings Co. (NYSE:XRX) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 2,841 shares of the information technology services provider’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC raised its position in shares of Xerox by 155.5% in the 2nd quarter. CWM LLC now owns 2,264 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 1,378 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Xerox during the first quarter valued at $45,000. US Bancorp DE grew its position in shares of Xerox by 42.3% in the 3rd quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider’s stock worth $66,000 after buying an additional 1,888 shares during the period. nVerses Capital LLC bought a new position in shares of Xerox in the 2nd quarter worth about $78,000. Finally, Plato Investment Management Ltd lifted its position in Xerox by 45.0% during the 2nd quarter. Plato Investment Management Ltd now owns 9,346 shares of the information technology services provider’s stock valued at $109,000 after acquiring an additional 2,899 shares during the period. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of Xerox from a “buy” rating to a “hold” rating in a research note on Sunday. Morgan Stanley dropped their target price on Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price target on Xerox from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. Finally, Loop Capital dropped their price target on shares of Xerox from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $9.50.

Xerox Stock Performance

Shares of XRX opened at $8.43 on Friday. Xerox Holdings Co. has a 12 month low of $8.02 and a 12 month high of $19.78. The business’s fifty day simple moving average is $9.82 and its two-hundred day simple moving average is $11.32. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 2.11. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 8.18 and a beta of 1.59.

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

Xerox Dividend Announcement

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

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.