Prism Advisors Inc. Acquires Shares of 12,171 Xerox Holdings Co. (NYSE:XRX)

Prism Advisors Inc. purchased a new position in Xerox Holdings Co. (NYSE:XRX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,171 shares of the information technology services provider’s stock, valued at approximately $103,000.

A number of other large investors also recently bought and sold shares of XRX. The Manufacturers Life Insurance Company grew its stake in shares of Xerox by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 63,666 shares of the information technology services provider’s stock worth $740,000 after acquiring an additional 1,627 shares during the last quarter. US Bancorp DE boosted its stake in Xerox by 42.3% in the 3rd quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider’s stock worth $66,000 after purchasing an additional 1,888 shares in the last quarter. Gladius Capital Management LP purchased a new stake in Xerox during the 3rd quarter valued at about $29,000. Coastwise Capital Group LLC increased its stake in Xerox by 13.8% during the 3rd quarter. Coastwise Capital Group LLC now owns 24,075 shares of the information technology services provider’s stock valued at $250,000 after purchasing an additional 2,924 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Xerox by 24.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,600 shares of the information technology services provider’s stock worth $183,000 after buying an additional 3,444 shares during the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Xerox from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their target price on Xerox from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. Finally, Morgan Stanley lowered their price target on Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $9.50.

Xerox Trading Down 1.6 %

Shares of XRX stock opened at $9.68 on Monday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 9.11 and a beta of 1.59. The company has a current ratio of 1.26, a quick ratio of 0.95 and a debt-to-equity ratio of 2.11. The firm’s 50 day moving average is $8.90 and its 200 day moving average is $9.77. Xerox Holdings Co. has a 12-month low of $8.02 and a 12-month high of $19.78.

Xerox (NYSE:XRX) last issued its quarterly earnings data on Tuesday, October 29th. The information technology services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.26). Xerox had a positive return on equity of 6.60% and a negative net margin of 21.31%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue was down 7.5% on a year-over-year basis. Research analysts expect that Xerox Holdings Co. will post 1.12 earnings per share for the current year.

Xerox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.33%. The ex-dividend date is Tuesday, December 31st. Xerox’s dividend payout ratio (DPR) is presently -9.06%.

Xerox Company 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.