Farringdon Capital Ltd. Acquires New Holdings in Xerox Holdings Co. (NYSE:XRX)

Farringdon Capital Ltd. bought a new position in Xerox Holdings Co. (NYSE:XRX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,347 shares of the information technology services provider’s stock, valued at approximately $180,000.

Several other hedge funds also recently modified their holdings of XRX. Picton Mahoney Asset Management increased its position in Xerox by 330.5% during the fourth quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider’s stock worth $31,000 after buying an additional 2,885 shares during the last quarter. KBC Group NV boosted its stake in shares of Xerox by 84.5% during the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock worth $78,000 after acquiring an additional 4,224 shares in the last quarter. Marathon Trading Investment Management LLC bought a new position in shares of Xerox in the 4th quarter valued at approximately $84,000. Sterling Capital Management LLC lifted its holdings in Xerox by 48.9% in the 4th quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider’s stock worth $85,000 after purchasing an additional 3,319 shares during the last quarter. Finally, Xponance Inc. bought a new stake in Xerox during the fourth quarter worth approximately $87,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Xerox Stock Up 4.8 %

XRX opened at $3.95 on Friday. The stock has a market capitalization of $496.81 million, a price-to-earnings ratio of -0.37 and a beta of 1.56. Xerox Holdings Co. has a 1-year low of $3.45 and a 1-year high of $16.77. The business has a 50 day moving average of $5.72 and a 200-day moving average of $7.90. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61.

Xerox Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 12.66%. The ex-dividend date of this dividend is Monday, March 31st. Xerox’s dividend payout ratio is currently -4.66%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Xerox from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, Xerox 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.