Xerox Holdings Co. (NYSE:XRX) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its position in Xerox Holdings Co. (NYSE:XRX) by 0.6% during the 2nd quarter, Holdings Channel reports. The firm owned 748,123 shares of the information technology services provider’s stock after selling 4,802 shares during the quarter. Great Lakes Advisors LLC’s holdings in Xerox were worth $11,140,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Strs Ohio grew its holdings in Xerox by 1.5% in the first quarter. Strs Ohio now owns 55,200 shares of the information technology services provider’s stock valued at $850,000 after purchasing an additional 800 shares during the last quarter. Arizona State Retirement System grew its holdings in Xerox by 2.7% in the first quarter. Arizona State Retirement System now owns 33,815 shares of the information technology services provider’s stock valued at $521,000 after purchasing an additional 892 shares during the last quarter. Versor Investments LP grew its holdings in Xerox by 6.2% in the first quarter. Versor Investments LP now owns 15,500 shares of the information technology services provider’s stock valued at $239,000 after purchasing an additional 900 shares during the last quarter. Corton Capital Inc. boosted its stake in shares of Xerox by 6.1% during the first quarter. Corton Capital Inc. now owns 19,795 shares of the information technology services provider’s stock valued at $305,000 after acquiring an additional 1,146 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in shares of Xerox by 6.6% during the second quarter. Diversified Trust Co now owns 18,926 shares of the information technology services provider’s stock valued at $282,000 after acquiring an additional 1,166 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Analysts Set New Price Targets

XRX has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Xerox from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 25th. StockNews.com raised Xerox from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Finally, Morgan Stanley decreased their price objective on Xerox from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 25th.

Xerox Stock Up 1.4 %

Shares of NYSE:XRX opened at $13.77 on Friday. The stock’s 50-day moving average price is $14.51 and its two-hundred day moving average price is $14.96. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 0.98. Xerox Holdings Co. has a 12-month low of $12.06 and a 12-month high of $18.00. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 13.24 and a beta of 1.73.

Xerox (NYSE:XRX) last issued its quarterly earnings results on Tuesday, October 24th. The information technology services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. Xerox had a return on equity of 11.59% and a net margin of 2.55%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the company earned $0.19 EPS. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. On average, research analysts forecast that Xerox Holdings Co. will post 1.9 EPS for the current year.

Xerox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date of this dividend is Thursday, December 28th. Xerox’s payout ratio is 96.15%.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn sold 34,245,314 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $15.84, for a total value of $542,445,773.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Suzan Morno-Wade sold 9,126 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $16.75, for a total value of $152,860.50. Following the transaction, the executive vice president now directly owns 46,323 shares in the company, valued at approximately $775,910.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Carl C. Icahn sold 34,245,314 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $15.84, for a total value of $542,445,773.76. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

Xerox Profile

Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the Americas, Europe, the Middle East, Africa, India, 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.