248,792 Shares in Xerox Holdings Co. $XRX Bought by Headlands Technologies LLC

Headlands Technologies LLC purchased a new position in shares of Xerox Holdings Co. (NASDAQ:XRX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 248,792 shares of the information technology services provider’s stock, valued at approximately $779,000. Headlands Technologies LLC owned 0.19% of Xerox at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. S Harris Financial Group LLC purchased a new stake in shares of Xerox during the fourth quarter worth approximately $25,000. Chicago Partners Investment Group LLC purchased a new position in Xerox in the first quarter worth approximately $25,000. Captrust Financial Advisors acquired a new position in Xerox during the 4th quarter worth approximately $26,000. Williams & Novak LLC purchased a new stake in shares of Xerox in the 4th quarter valued at approximately $27,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Xerox in the 4th quarter valued at $35,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XRX. Needham & Company LLC set a $5.00 price objective on shares of Xerox in a research report on Tuesday, August 18th. Noble Financial began coverage on Xerox in a research note on Tuesday, August 18th. They issued an “outperform” rating and a $5.00 price target on the stock. Citigroup reaffirmed a “neutral” rating and set a $3.45 price target (up from $2.50) on shares of Xerox in a report on Friday, July 31st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Xerox in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.48.

Xerox Trading Down 2.2%

Shares of Xerox stock opened at $3.16 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 12.58. The company has a fifty day simple moving average of $2.95 and a 200-day simple moving average of $2.43. The stock has a market cap of $414.97 million, a price-to-earnings ratio of -0.43 and a beta of 2.42. Xerox Holdings Co. has a 12-month low of $1.19 and a 12-month high of $4.27.

Xerox (NASDAQ:XRX) last announced its quarterly earnings results on Thursday, July 30th. The information technology services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.06 by $0.32. Xerox had a negative net margin of 11.93% and a positive return on equity of 17.61%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the business earned ($0.64) EPS. Xerox’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, equities analysts forecast that Xerox Holdings Co. will post 0.17 EPS for the current fiscal year.

Xerox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 3.2%. Xerox’s payout ratio is -1.36%.

Xerox Company Profile

Xerox Holdings Corporation (NYSE: XRX) is a global provider of document management technology and services. The company designs and manufactures a broad range of multifunction printers, production printers, digital presses and related consumables. In addition to its hardware offerings, Xerox delivers software and workflow automation solutions, managed print services and cloud-based document platforms that help organizations optimize their information-intensive processes.

Founded in 1906 as The Haloid Photographic Company, Xerox pioneered xerographic imaging in the late 1940s, launching the first plain-paper copier in 1959.