SBI Securities Co. Ltd. Acquires Shares of 14,215 Xerox Holdings Co. (NYSE:XRX)

SBI Securities Co. Ltd. bought a new stake in shares of Xerox Holdings Co. (NYSE:XRX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,215 shares of the information technology services provider’s stock, valued at approximately $120,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gladius Capital Management LP bought a new position in shares of Xerox during the 3rd quarter valued at approximately $29,000. US Bancorp DE grew its position in shares of Xerox by 42.3% during the 3rd quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider’s stock valued at $66,000 after acquiring an additional 1,888 shares during the period. KBC Group NV grew its position in shares of Xerox by 84.5% during the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock valued at $78,000 after acquiring an additional 4,224 shares during the period. Vest Financial LLC bought a new position in Xerox in the 4th quarter worth approximately $97,000. Finally, Prism Advisors Inc. bought a new position in Xerox in the 4th quarter worth approximately $103,000. 85.36% of the stock is owned by institutional investors.

Xerox Stock Up 2.3 %

XRX opened at $6.36 on Friday. The company has a 50 day moving average of $8.30 and a 200 day moving average of $9.19. The company has a market cap of $796.79 million, a PE ratio of -0.59 and a beta of 1.66. Xerox Holdings Co. has a 12 month low of $6.07 and a 12 month 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.

Xerox Cuts Dividend

The company also recently declared 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. This represents a $0.50 annualized dividend and a yield of 7.86%. The ex-dividend date of this dividend is Monday, March 31st. Xerox’s payout ratio is -4.66%.

Analysts Set New Price Targets

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