21,042 Shares in Xerox Holdings Co. (NYSE:XRX) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new stake in Xerox Holdings Co. (NYSE:XRX) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 21,042 shares of the information technology services provider’s stock, valued at approximately $177,000.

Other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management boosted its holdings in Xerox by 330.5% in 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 acquiring an additional 2,885 shares during the last quarter. KBC Group NV raised its holdings in shares of Xerox by 84.5% in the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 4,224 shares during the period. Marathon Trading Investment Management LLC acquired a new position in shares of Xerox in the 4th quarter valued at about $84,000. Xponance Inc. purchased a new stake in shares of Xerox during the 4th quarter worth about $87,000. Finally, Greenwich Wealth Management LLC acquired a new stake in Xerox during the 4th quarter worth approximately $89,000. 85.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $9.50.

Xerox Stock Performance

Shares of NYSE:XRX opened at $5.13 on Friday. The business’s 50-day simple moving average is $7.32 and its 200 day simple moving average is $8.63. The company has a market cap of $642.69 million, a P/E ratio of -0.48 and a beta of 1.66. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. Xerox Holdings Co. has a one year low of $5.07 and a one year high of $18.18.

Xerox Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.75%. Xerox’s payout ratio is currently -4.66%.

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.