Dorsey & Whitney Trust CO LLC Has $277,000 Stake in Xerox Holdings Co. (NYSE:XRX)

Dorsey & Whitney Trust CO LLC increased its position in shares of Xerox Holdings Co. (NYSE:XRXGet Rating) by 56.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,642 shares of the information technology services provider’s stock after purchasing an additional 6,696 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Xerox were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. IndexIQ Advisors LLC lifted its holdings in Xerox by 13.7% during the 1st quarter. IndexIQ Advisors LLC now owns 19,789 shares of the information technology services provider’s stock worth $399,000 after purchasing an additional 2,389 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Xerox during the 2nd quarter worth approximately $346,000. Sigma Planning Corp lifted its holdings in Xerox by 73.3% during the 2nd quarter. Sigma Planning Corp now owns 35,747 shares of the information technology services provider’s stock worth $531,000 after purchasing an additional 15,115 shares during the last quarter. AlphaCrest Capital Management LLC lifted its holdings in Xerox by 46.1% during the 1st quarter. AlphaCrest Capital Management LLC now owns 64,356 shares of the information technology services provider’s stock worth $1,298,000 after purchasing an additional 20,298 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Xerox by 7.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 628,316 shares of the information technology services provider’s stock worth $9,330,000 after purchasing an additional 45,339 shares during the last quarter. 94.58% of the stock is owned by institutional investors and hedge funds.

Xerox Trading Up 2.0 %

Shares of XRX opened at $15.75 on Thursday. Xerox Holdings Co. has a 52-week low of $11.80 and a 52-week high of $24.14. The business’s fifty day moving average is $14.83 and its 200-day moving average is $16.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.93 and a current ratio of 1.17. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 28.59 and a beta of 1.71.

Xerox (NYSE:XRXGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). Xerox had a negative net margin of 16.10% and a positive return on equity of 2.66%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the business posted $0.48 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. Equities analysts anticipate that Xerox Holdings Co. will post 0.75 EPS for the current fiscal year.

Xerox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Saturday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.35%. The ex-dividend date of this dividend is Thursday, December 29th. Xerox’s dividend payout ratio (DPR) is -14.53%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley lowered their price objective on Xerox from $14.00 to $11.00 and set an “underweight” rating on the stock in a research note on Monday, October 17th. Credit Suisse Group lowered their price objective on Xerox from $14.00 to $13.00 and set an “underperform” rating on the stock in a research note on Tuesday, October 18th. StockNews.com assumed coverage on Xerox in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Citigroup lowered their price objective on Xerox from $15.00 to $10.00 and set a “sell” rating on the stock in a research note on Wednesday, October 26th. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $12.00.

About Xerox

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Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the United States, Europe, Canada, and internationally. It offers workplace solutions, including desktop monochrome, and color and multifunction printers; digital printing presses and light production devices, and solutions; and digital services that leverage workflow automation, personalization and communication software, content management solutions, and digitization services.

Further Reading

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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