Quantbot Technologies LP Has $2.07 Million Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Quantbot Technologies LP increased its position in shares of Xerox Holdings Co. (NYSE:XRX) by 112.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 199,773 shares of the information technology services provider’s stock after buying an additional 105,737 shares during the quarter. Quantbot Technologies LP owned about 0.16% of Xerox worth $2,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of Xerox by 33.2% during the third quarter. Pacer Advisors Inc. now owns 16,969,127 shares of the information technology services provider’s stock worth $176,140,000 after purchasing an additional 4,228,806 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Xerox by 6.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,719,607 shares of the information technology services provider’s stock valued at $17,850,000 after purchasing an additional 107,580 shares in the last quarter. Sound Income Strategies LLC increased its stake in Xerox by 27.9% during the 3rd quarter. Sound Income Strategies LLC now owns 1,033,506 shares of the information technology services provider’s stock valued at $10,728,000 after purchasing an additional 225,617 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Xerox by 9.5% during the third quarter. Advisors Asset Management Inc. now owns 796,609 shares of the information technology services provider’s stock worth $8,269,000 after buying an additional 69,183 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Xerox by 16.9% in the third quarter. Royce & Associates LP now owns 742,189 shares of the information technology services provider’s stock valued at $7,704,000 after buying an additional 107,127 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Xerox Stock Performance

Shares of XRX opened at $9.06 on Friday. The stock has a 50 day moving average of $9.58 and a 200 day moving average of $11.06. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 8.80 and a beta of 1.59. Xerox Holdings Co. has a 12 month low of $8.02 and a 12 month high of $19.78. 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 announced its earnings results on Tuesday, October 29th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.26). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Xerox had a negative net margin of 21.31% and a positive return on equity of 6.60%. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. As a group, sell-side analysts forecast that Xerox Holdings Co. will post 1.12 earnings per share for the current year.

Xerox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Xerox’s payout ratio is -9.06%.

Analyst Upgrades and Downgrades

XRX has been the subject of several recent research reports. StockNews.com raised shares of Xerox from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on 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 target 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 price objective on shares of Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Three 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 data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.50.

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.