Voya Investment Management LLC Raises Holdings in Xerox Holdings Co. (NYSE:XRX)

Voya Investment Management LLC boosted its stake in Xerox Holdings Co. (NYSE:XRX) by 13.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,293 shares of the information technology services provider’s stock after buying an additional 6,749 shares during the quarter. Voya Investment Management LLC’s holdings in Xerox were worth $466,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Coppell Advisory Solutions LLC lifted its position in shares of Xerox by 200,447.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 218,597 shares of the information technology services provider’s stock valued at $1,948,000 after acquiring an additional 218,488 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Xerox by 9.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 84,551 shares of the information technology services provider’s stock worth $713,000 after purchasing an additional 7,522 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Xerox by 459.1% during the fourth quarter. Hsbc Holdings PLC now owns 160,911 shares of the information technology services provider’s stock worth $1,388,000 after buying an additional 132,129 shares in the last quarter. State of Tennessee Department of Treasury lifted its stake in shares of Xerox by 66.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 48,022 shares of the information technology services provider’s stock valued at $405,000 after buying an additional 19,207 shares during the period. Finally, TD Waterhouse Canada Inc. acquired a new stake in Xerox during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Ratings Changes

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

Xerox Stock Performance

Shares of XRX stock opened at $5.52 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The firm has a market capitalization of $694.28 million, a price-to-earnings ratio of -0.51 and a beta of 1.75. Xerox Holdings Co. has a one year low of $3.45 and a one year high of $14.81. The company has a 50 day moving average price of $4.88 and a 200 day moving average price of $7.33.

Xerox (NYSE:XRX) last released its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%. During the same period last year, the company earned $0.06 EPS. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. Sell-side analysts anticipate that Xerox Holdings Co. will post 1.07 EPS for the current year.

Xerox Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.06%. The ex-dividend date was Monday, March 31st. Xerox’s payout ratio is currently -4.74%.

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.