Tower Research Capital LLC TRC Raises Stake in Xerox Holdings Co. (NYSE:XRX)

Tower Research Capital LLC TRC grew its stake in Xerox Holdings Co. (NYSE:XRX) by 8,378.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,196 shares of the information technology services provider’s stock after acquiring an additional 54,545 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Xerox were worth $465,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Invesco Ltd. increased its holdings in Xerox by 5.9% in the 4th quarter. Invesco Ltd. now owns 1,706,086 shares of the information technology services provider’s stock worth $14,382,000 after buying an additional 94,779 shares in the last quarter. Vanguard Group Inc. raised its stake in Xerox by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 15,763,679 shares of the information technology services provider’s stock worth $132,888,000 after acquiring an additional 199,598 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Xerox by 12.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 476,266 shares of the information technology services provider’s stock valued at $4,015,000 after buying an additional 52,104 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Xerox by 8.2% in the fourth quarter. Empowered Funds LLC now owns 606,748 shares of the information technology services provider’s stock valued at $5,115,000 after acquiring an additional 46,212 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Xerox by 5.4% in the 4th 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 purchasing an additional 92,495 shares in the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Xerox Price Performance

Shares of Xerox stock opened at $4.44 on Wednesday. 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 one year low of $3.45 and a one year high of $14.81. The stock has a market cap of $558.44 million, a price-to-earnings ratio of -0.41 and a beta of 1.56. The stock has a 50 day moving average price of $5.20 and a 200-day moving average price of $7.61.

Xerox Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, March 31st. This represents a $0.50 annualized dividend and a yield of 11.26%. Xerox’s payout ratio is -4.66%.

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 research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, Xerox currently has a consensus rating of “Reduce” and an average target price of $9.50.

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.