Ensign Peak Advisors Inc Acquires 17,525 Shares of Xerox Holdings Co. (NYSE:XRX)

Ensign Peak Advisors Inc raised its holdings in Xerox Holdings Co. (NYSE:XRX) by 41.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 59,900 shares of the information technology services provider’s stock after purchasing an additional 17,525 shares during the period. Ensign Peak Advisors Inc’s holdings in Xerox were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in Xerox by 100.0% in the 1st quarter. International Assets Investment Management LLC now owns 1,586 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 793 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Xerox by 19.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 3,716 shares of the information technology services provider’s stock worth $84,000 after purchasing an additional 596 shares during the last quarter. CI Investments Inc. grew its holdings in shares of Xerox by 90.6% in the 4th quarter. CI Investments Inc. now owns 3,791 shares of the information technology services provider’s stock worth $88,000 after purchasing an additional 1,802 shares during the last quarter. Eudaimonia Partners LLC bought a new stake in shares of Xerox in the 4th quarter worth about $125,000. Finally, Sowell Financial Services LLC grew its holdings in shares of Xerox by 41.6% in the 1st quarter. Sowell Financial Services LLC now owns 7,119 shares of the information technology services provider’s stock worth $173,000 after purchasing an additional 2,091 shares during the last quarter. 78.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE XRX opened at $23.83 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.73 and a debt-to-equity ratio of 0.68. Xerox Holdings Co. has a 12-month low of $14.51 and a 12-month high of $26.96. The firm has a market cap of $4.57 billion, a P/E ratio of 22.48 and a beta of 1.80. The stock’s 50-day moving average is $24.08.

Xerox (NYSE:XRX) last released its earnings results on Monday, April 19th. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.08). Xerox had a net margin of 3.39% and a return on equity of 5.65%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, research analysts predict that Xerox Holdings Co. will post 1.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 2nd. Shareholders of record on Wednesday, June 30th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 29th. This represents a $1.00 dividend on an annualized basis and a yield of 4.20%. Xerox’s payout ratio is presently 70.92%.

Several research firms have recently weighed in on XRX. Zacks Investment Research raised shares of Xerox from a “sell” rating to a “hold” rating and set a $26.00 target price on the stock in a report on Thursday, April 22nd. Citigroup upped their price target on shares of Xerox from $13.00 to $160.00 in a research report on Thursday, April 22nd. Finally, TheStreet downgraded shares of Xerox from a “b-” rating to a “c+” rating in a research report on Tuesday, April 20th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company has a consensus rating of “Sell” and an average target price of $43.50.

Xerox Profile

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 intelligent workplace services; and digital services that leverage its software capabilities in workflow automation, personalization and communication software, content management solutions, and digitization services.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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