Xerox Holdings Co. (NYSE:XRX) Holdings Lifted by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC grew its position in Xerox Holdings Co. (NYSE:XRX) by 108.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 140,809 shares of the information technology services provider’s stock after buying an additional 73,413 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Xerox were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. SummerHaven Investment Management LLC boosted its holdings in shares of Xerox by 2.4% in the second quarter. SummerHaven Investment Management LLC now owns 47,430 shares of the information technology services provider’s stock valued at $551,000 after acquiring an additional 1,110 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Xerox by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 98,961 shares of the information technology services provider’s stock valued at $1,771,000 after acquiring an additional 1,323 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Xerox by 5.9% in the second quarter. Los Angeles Capital Management LLC now owns 23,930 shares of the information technology services provider’s stock valued at $278,000 after acquiring an additional 1,327 shares in the last quarter. CWM LLC boosted its holdings in shares of Xerox by 155.5% in the second quarter. CWM LLC now owns 2,264 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 1,378 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Xerox by 16.2% in the first quarter. Covestor Ltd now owns 10,512 shares of the information technology services provider’s stock valued at $188,000 after acquiring an additional 1,464 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Xerox Stock Down 2.2 %

Shares of NYSE:XRX opened at $10.15 on Wednesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.49. The company has a market cap of $1.26 billion, a PE ratio of -6.46 and a beta of 1.57. Xerox Holdings Co. has a 52 week low of $9.51 and a 52 week high of $19.78. The firm has a 50 day simple moving average of $10.47 and a 200 day simple moving average of $12.91.

Xerox (NYSE:XRX) last issued its quarterly earnings results on Thursday, July 25th. The information technology services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.14). The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Xerox had a negative net margin of 1.60% and a positive return on equity of 7.33%. The firm’s revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. As a group, research analysts expect that Xerox Holdings Co. will post 1.79 earnings per share for the current year.

Xerox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a $0.25 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 9.85%. Xerox’s dividend payout ratio (DPR) is presently -63.69%.

Analyst Upgrades and Downgrades

Several research firms recently commented on XRX. Citigroup began coverage on shares of Xerox in a research note on Friday, June 28th. They set a “sell” rating and a $11.00 target price for the company. Loop Capital cut their target price on shares of Xerox from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Finally, StockNews.com raised shares of Xerox from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Xerox presently has a consensus rating of “Hold” and an average target price of $12.75.

About Xerox

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.