Verus Capital Partners LLC Grows Position in Xerox Holdings Co. (NYSE:XRX)

Verus Capital Partners LLC grew its stake in shares of Xerox Holdings Co. (NYSE:XRX) by 29.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,918 shares of the information technology services provider’s stock after purchasing an additional 22,210 shares during the period. Verus Capital Partners LLC owned approximately 0.08% of Xerox worth $834,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in XRX. Gladius Capital Management LP acquired a new stake in shares of Xerox in the 3rd quarter worth approximately $29,000. US Bancorp DE grew its holdings in Xerox by 42.3% in the third quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider’s stock valued at $66,000 after purchasing an additional 1,888 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Xerox by 938.0% in the third quarter. International Assets Investment Management LLC now owns 8,304 shares of the information technology services provider’s stock valued at $800,000 after buying an additional 7,504 shares in the last quarter. KBC Group NV raised its stake in shares of Xerox by 84.5% during the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock worth $78,000 after buying an additional 4,224 shares during the last quarter. Finally, Vest Financial LLC purchased a new stake in shares of Xerox in the 4th quarter worth about $97,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Xerox Stock Down 4.3 %

Shares of NYSE:XRX opened at $6.63 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $824.60 million, a P/E ratio of -0.62 and a beta of 1.59. Xerox Holdings Co. has a 52-week low of $6.60 and a 52-week high of $19.48. The stock’s fifty day simple moving average is $8.54 and its 200-day simple moving average is $9.30.

Xerox Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 annualized dividend and a dividend yield of 7.54%. Xerox’s dividend payout ratio is currently -4.66%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Xerox from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat, Xerox currently has a consensus rating of “Reduce” and a consensus target price of $9.50.

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.