Ensign Peak Advisors Inc Sells 5,090 Shares of Xerox Holdings Co. (NYSE:XRX)

Ensign Peak Advisors Inc lessened its position in shares of Xerox Holdings Co. (NYSE:XRX – Get Rating) by 8.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,810 shares of the information technology services provider’s stock after selling 5,090 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Xerox were worth $717,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of XRX. Icahn Carl C raised its stake in shares of Xerox by 6.6% during the 2nd quarter. Icahn Carl C now owns 34,245,314 shares of the information technology services provider’s stock worth $508,543,000 after acquiring an additional 2,130,423 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Xerox by 256.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,997,708 shares of the information technology services provider’s stock worth $29,665,000 after acquiring an additional 1,436,711 shares in the last quarter. State Street Corp raised its stake in shares of Xerox by 14.8% during the 2nd quarter. State Street Corp now owns 4,706,349 shares of the information technology services provider’s stock worth $71,049,000 after acquiring an additional 607,148 shares in the last quarter. Northern Trust Corp raised its stake in shares of Xerox by 45.5% during the 2nd quarter. Northern Trust Corp now owns 1,542,673 shares of the information technology services provider’s stock worth $22,908,000 after acquiring an additional 482,478 shares in the last quarter. Finally, Woodline Partners LP bought a new position in shares of Xerox during the 1st quarter worth approximately $9,659,000. Institutional investors own 81.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on XRX shares. Loop Capital upped their price target on shares of Xerox from $15.00 to $17.00 in a research note on Monday, January 30th. StockNews.com upgraded shares of Xerox from a “hold” rating to a “buy” rating in a research note on Tuesday, January 31st. Finally, TheStreet upgraded shares of Xerox from a “d+” rating to a “c-” rating in a research note on Wednesday, February 1st. Four analysts have rated the stock with a sell rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $13.00.

Xerox Stock Down 4.0 %

XRX stock opened at $14.96 on Tuesday. The firm’s fifty day simple moving average is $16.52 and its 200-day simple moving average is $15.71. The company has a market capitalization of $2.34 billion, a P/E ratio of -6.89 and a beta of 1.68. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.23 and a quick ratio of 0.99. Xerox Holdings Co. has a 12 month low of $11.80 and a 12 month high of $20.99.

Xerox (NYSE:XRX – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The information technology services provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.54 by $0.35. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. Xerox had a negative net margin of 4.53% and a positive return on equity of 5.15%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. As a group, equities research analysts forecast that Xerox Holdings Co. will post 1.21 earnings per share for the current year.

Xerox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Investors of record on Friday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend is Thursday, March 30th. Xerox’s dividend payout ratio (DPR) is presently -46.08%.

Xerox 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.