Mitsubishi UFJ Trust & Banking Corp Sells 16,240 Shares of Xerox Holdings Co. (NYSE:XRX)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Xerox Holdings Co. (NYSE:XRXGet Rating) by 12.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 118,021 shares of the information technology services provider’s stock after selling 16,240 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Xerox were worth $1,753,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC purchased a new stake in Xerox during the second quarter valued at about $31,000. Counterpoint Mutual Funds LLC purchased a new stake in Xerox during the second quarter valued at about $101,000. Captrust Financial Advisors lifted its holdings in Xerox by 34.7% during the first quarter. Captrust Financial Advisors now owns 5,521 shares of the information technology services provider’s stock valued at $113,000 after purchasing an additional 1,422 shares during the last quarter. Covestor Ltd lifted its holdings in Xerox by 36.3% during the first quarter. Covestor Ltd now owns 6,575 shares of the information technology services provider’s stock valued at $133,000 after purchasing an additional 1,751 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Xerox by 4,981.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 9,095 shares of the information technology services provider’s stock worth $135,000 after buying an additional 8,916 shares in the last quarter. Institutional investors own 94.58% of the company’s stock.

Xerox Stock Down 0.1 %

XRX stock opened at $15.31 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.93 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $14.87 and its 200 day moving average is $16.13. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 28.35 and a beta of 1.71. Xerox Holdings Co. has a 1-year low of $11.80 and a 1-year high of $24.14.

Xerox (NYSE:XRXGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The information technology services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). Xerox had a positive return on equity of 2.66% and a negative net margin of 16.10%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the company posted $0.48 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Sell-side analysts predict that Xerox Holdings Co. will post 0.75 EPS for the current fiscal year.

Xerox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Saturday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date of this dividend is Thursday, December 29th. Xerox’s payout ratio is currently -14.53%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XRX. Morgan Stanley lowered their price target on shares of Xerox from $14.00 to $11.00 and set an “underweight” rating on the stock in a report on Monday, October 17th. Credit Suisse Group lowered their price target on shares of Xerox from $14.00 to $13.00 and set an “underperform” rating on the stock in a report on Tuesday, October 18th. Citigroup lowered their price target on shares of Xerox from $15.00 to $10.00 and set a “sell” rating on the stock in a report on Wednesday, October 26th. Finally, StockNews.com began coverage on shares of Xerox in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $12.00.

Xerox Company Profile

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Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the United States, Europe, Canada, and internationally. It offers workplace solutions, including desktop monochrome, and color and multifunction printers; digital printing presses and light production devices, and solutions; and digital services that leverage workflow automation, personalization and communication software, content management solutions, and digitization services.

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Institutional Ownership by Quarter for Xerox (NYSE:XRX)

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