Vest Financial LLC Invests $97,000 in Xerox Holdings Co. (NYSE:XRX)

Vest Financial LLC purchased a new stake in shares of Xerox Holdings Co. (NYSE:XRX) during the 4th quarter, Holdings Channel.com reports. The fund purchased 11,524 shares of the information technology services provider’s stock, valued at approximately $97,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XRX. Yousif Capital Management LLC grew its stake in shares of Xerox by 2.8% during the fourth quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider’s stock valued at $454,000 after buying an additional 1,486 shares during the last quarter. Prism Advisors Inc. bought a new position in Xerox in the 4th quarter valued at $103,000. KBC Group NV increased its stake in Xerox by 84.5% in the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 4,224 shares during the period. Sound Income Strategies LLC lifted its position in shares of Xerox by 6.7% during the fourth quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider’s stock worth $9,296,000 after purchasing an additional 69,182 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Xerox by 26.1% during the third quarter. Tidal Investments LLC now owns 68,359 shares of the information technology services provider’s stock valued at $710,000 after purchasing an additional 14,164 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.

Xerox Price Performance

Shares of XRX opened at $7.85 on Monday. The stock has a market capitalization of $976.34 million, a PE ratio of -0.73 and a beta of 1.59. The company has a 50 day moving average price of $8.85 and a 200-day moving average price of $9.56. 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 Holdings Co. has a fifty-two week low of $7.81 and a fifty-two week high of $19.48.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on XRX shares. StockNews.com lowered shares of Xerox from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their price target 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 reduced their price objective on Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, Xerox has an average 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.