32,283 Shares in Xerox Holdings Co. (NYSE:XRX) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Xerox Holdings Co. (NYSE:XRX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 32,283 shares of the information technology services provider’s stock, valued at approximately $272,000.

Several other large investors have also bought and sold shares of the stock. Picton Mahoney Asset Management increased its stake in Xerox by 330.5% in the 4th quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 2,885 shares during the last quarter. KBC Group NV increased its position in shares of Xerox by 84.5% during the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock valued at $78,000 after acquiring an additional 4,224 shares during the last quarter. Marathon Trading Investment Management LLC bought a new stake in Xerox during the fourth quarter worth $84,000. Xponance Inc. purchased a new position in Xerox in the fourth quarter worth $87,000. Finally, Greenwich Wealth Management LLC bought a new stake in shares of Xerox during the 4th quarter worth $89,000. 85.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Xerox from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $9.50.

Xerox Price Performance

XRX opened at $5.43 on Friday. The firm has a 50-day moving average price of $7.40 and a 200-day moving average price of $8.67. Xerox Holdings Co. has a twelve month low of $5.12 and a twelve month high of $18.18. 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 company has a market capitalization of $680.28 million, a price-to-earnings ratio of -0.51 and a beta of 1.66.

Xerox Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.125 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 9.21%. Xerox’s dividend payout ratio is -4.66%.

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.