AXQ Capital LP Buys Shares of 19,309 Xerox Holdings Co. (NYSE:XRX)

AXQ Capital LP purchased a new position in shares of Xerox Holdings Co. (NYSE:XRX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,309 shares of the information technology services provider’s stock, valued at approximately $163,000.

Several other hedge funds also recently modified their holdings of XRX. Virtu Financial LLC acquired a new position in Xerox during the 4th quarter valued at $272,000. Quantbot Technologies LP increased its holdings in shares of Xerox by 51.8% during the 4th quarter. Quantbot Technologies LP now owns 303,353 shares of the information technology services provider’s stock worth $2,557,000 after purchasing an additional 103,580 shares during the period. Semanteon Capital Management LP acquired a new position in shares of Xerox during the fourth quarter valued at about $492,000. Xponance Inc. bought a new stake in shares of Xerox in the fourth quarter valued at about $87,000. Finally, Advisors Asset Management Inc. grew its position in Xerox by 17.0% during the fourth quarter. Advisors Asset Management Inc. now owns 932,232 shares of the information technology services provider’s stock worth $7,859,000 after buying an additional 135,623 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

Xerox Price Performance

Shares of Xerox stock opened at $5.48 on Tuesday. The firm has a market cap of $686.54 million, a P/E ratio of -0.51 and a beta of 1.66. The firm’s 50-day simple moving average is $7.62 and its 200-day simple moving average is $8.75. Xerox Holdings Co. has a twelve month low of $5.28 and a twelve month high of $18.18. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11.

Xerox Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.50 annualized dividend and a dividend yield of 9.12%. Xerox’s dividend payout ratio is currently -4.66%.

Analyst Upgrades and Downgrades

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

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.