Caxton Associates LP Sells 202,381 Shares of Xerox Holdings Co. (NYSE:XRX)

Caxton Associates LP lessened its position in Xerox Holdings Co. (NYSE:XRX) by 55.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 160,352 shares of the information technology services provider’s stock after selling 202,381 shares during the quarter. Caxton Associates LP owned approximately 0.13% of Xerox worth $1,352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Yousif Capital Management LLC boosted its holdings in shares of Xerox by 2.8% during the 4th quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider’s stock valued at $454,000 after buying an additional 1,486 shares in the last quarter. Franklin Resources Inc. boosted its stake in Xerox by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 95,012 shares of the information technology services provider’s stock worth $801,000 after acquiring an additional 1,733 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Xerox by 3.0% in the fourth quarter. Russell Investments Group Ltd. now owns 87,466 shares of the information technology services provider’s stock worth $737,000 after purchasing an additional 2,534 shares during the period. Picton Mahoney Asset Management increased its stake in shares of Xerox by 330.5% during the fourth quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 2,885 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in shares of Xerox by 48.9% during the fourth quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider’s stock valued at $85,000 after purchasing an additional 3,319 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Xerox Trading Up 5.8 %

Shares of NYSE XRX opened at $5.12 on Tuesday. The company has a market cap of $643.97 million, a PE ratio of -0.48 and a beta of 1.75. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The firm’s 50 day moving average price is $4.97 and its 200-day moving average price is $7.42. Xerox Holdings Co. has a 52-week low of $3.45 and a 52-week high of $14.81.

Xerox (NYSE:XRX) last released its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was down 3.0% on a year-over-year basis. On average, equities research analysts expect that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

Xerox Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 9.77%. The ex-dividend date of this dividend was Monday, March 31st. Xerox’s dividend payout ratio is currently -4.74%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three investment 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 company presently has a consensus rating of “Reduce” 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.