Xerox Holdings Co. (NYSE:XRX) Holdings Trimmed by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in shares of Xerox Holdings Co. (NYSE:XRX) by 8.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 345,691 shares of the information technology services provider’s stock after selling 30,224 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.28% of Xerox worth $6,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its holdings in shares of Xerox by 22.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 47,944 shares of the information technology services provider’s stock valued at $858,000 after acquiring an additional 8,948 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in Xerox by 7.0% in the first quarter. QRG Capital Management Inc. now owns 33,234 shares of the information technology services provider’s stock worth $595,000 after purchasing an additional 2,185 shares in the last quarter. Sei Investments Co. boosted its holdings in Xerox by 3.2% in the first quarter. Sei Investments Co. now owns 66,915 shares of the information technology services provider’s stock worth $1,198,000 after purchasing an additional 2,095 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Xerox in the first quarter worth $1,206,000. Finally, Illinois Municipal Retirement Fund boosted its holdings in Xerox by 7.9% in the first quarter. Illinois Municipal Retirement Fund now owns 72,067 shares of the information technology services provider’s stock worth $1,290,000 after purchasing an additional 5,287 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XRX shares. StockNews.com upgraded shares of Xerox from a “hold” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Xerox from $18.00 to $17.00 and set an “underweight” rating for the company in a research report on Wednesday, April 24th. Finally, Citigroup started coverage on shares of Xerox in a research report on Friday, June 28th. They set a “sell” rating and a $11.00 target price for the company.

Xerox Stock Down 0.5 %

Shares of XRX opened at $11.88 on Friday. The company has a 50-day simple moving average of $12.98 and a 200-day simple moving average of $15.54. The firm has a market capitalization of $1.48 billion, a P/E ratio of -7.57 and a beta of 1.58. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.07 and a current ratio of 1.37. Xerox Holdings Co. has a 52 week low of $10.28 and a 52 week high of $19.78.

Xerox (NYSE:XRX) last announced its quarterly earnings data on Tuesday, April 23rd. The information technology services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.29). The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.53 billion. Xerox had a negative net margin of 2.74% and a positive return on equity of 7.77%. The firm’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. On average, equities research analysts expect that Xerox Holdings Co. will post 2.07 earnings per share for the current year.

Xerox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date is Friday, June 28th. Xerox’s dividend payout ratio is currently -63.69%.

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.