Empowered Funds LLC Has $5.12 Million Stock Holdings in Xerox Holdings Co. (NYSE:XRX)

Empowered Funds LLC grew its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 8.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 606,748 shares of the information technology services provider’s stock after acquiring an additional 46,212 shares during the period. Empowered Funds LLC owned about 0.49% of Xerox worth $5,115,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of XRX. Gladius Capital Management LP bought a new position in Xerox during the 3rd quarter worth $29,000. US Bancorp DE raised its position in shares of Xerox by 42.3% during the third quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider’s stock worth $66,000 after acquiring an additional 1,888 shares during the last quarter. International Assets Investment Management LLC lifted its stake 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 worth $800,000 after acquiring an additional 7,504 shares during the period. KBC Group NV increased its position in Xerox by 84.5% during the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock valued at $78,000 after purchasing an additional 4,224 shares during the period. Finally, CWM LLC raised its holdings in Xerox by 381.3% during the 3rd quarter. CWM LLC now owns 10,897 shares of the information technology services provider’s stock worth $113,000 after purchasing an additional 8,633 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Xerox Stock Up 1.6 %

Shares of NYSE XRX opened at $8.10 on Wednesday. Xerox Holdings Co. has a 12-month low of $7.77 and a 12-month high of $19.48. 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 firm has a market cap of $1.01 billion, a PE ratio of -0.75 and a beta of 1.59. The company’s fifty day simple moving average is $8.80 and its 200 day simple moving average is $9.52.

Wall Street Analyst Weigh In

XRX has been the topic of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Xerox from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. decreased 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, StockNews.com downgraded Xerox from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average 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.