Greenwich Wealth Management LLC Takes Position in Xerox Holdings Co. (NYSE:XRX)

Greenwich Wealth Management LLC purchased a new stake in Xerox Holdings Co. (NYSE:XRX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,525 shares of the information technology services provider’s stock, valued at approximately $89,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in shares of Xerox by 33.2% during the 3rd quarter. Pacer Advisors Inc. now owns 16,969,127 shares of the information technology services provider’s stock valued at $176,140,000 after acquiring an additional 4,228,806 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Xerox by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,808,775 shares of the information technology services provider’s stock worth $29,161,000 after purchasing an additional 62,947 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Xerox by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,812,102 shares of the information technology services provider’s stock worth $15,276,000 after buying an additional 92,495 shares during the period. Sound Income Strategies LLC grew its stake in shares of Xerox by 6.7% in the fourth quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider’s stock valued at $9,296,000 after buying an additional 69,182 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Xerox by 9.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 796,609 shares of the information technology services provider’s stock valued at $8,269,000 after buying an additional 69,183 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

Xerox Stock Down 0.2 %

Shares of NYSE XRX opened at $5.79 on Monday. 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 1 year low of $5.74 and a 1 year high of $18.18. The stock’s 50-day simple moving average is $8.00 and its 200-day simple moving average is $8.98. The firm has a market cap of $725.38 million, a price-to-earnings ratio of -0.54 and a beta of 1.66.

Xerox Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date of this dividend is Monday, March 31st. Xerox’s payout ratio is -4.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Xerox from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average 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.