New York State Teachers Retirement System Sells 43,451 Shares of Xerox Holdings Co. (NYSE:XRX)

New York State Teachers Retirement System trimmed its holdings in shares of Xerox Holdings Co. (NYSE:XRX) by 24.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,939 shares of the information technology services provider’s stock after selling 43,451 shares during the period. New York State Teachers Retirement System owned 0.11% of Xerox worth $2,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in shares of Xerox during the fourth quarter worth approximately $25,000. Hexagon Capital Partners LLC raised its stake in shares of Xerox by 87.2% during the third quarter. Hexagon Capital Partners LLC now owns 1,627 shares of the information technology services provider’s stock worth $26,000 after buying an additional 758 shares during the last quarter. Quarry LP bought a new stake in shares of Xerox during the first quarter worth approximately $29,000. International Assets Investment Management LLC grew its holdings in Xerox by 1,733.2% during the fourth quarter. International Assets Investment Management LLC now owns 4,583 shares of the information technology services provider’s stock valued at $84,000 after purchasing an additional 4,333 shares during the period. Finally, Atlas Capital Advisors LLC grew its holdings in Xerox by 3,009.5% during the second quarter. Atlas Capital Advisors LLC now owns 6,219 shares of the information technology services provider’s stock valued at $92,000 after purchasing an additional 6,019 shares during the period. 85.36% of the stock is owned by institutional investors.

Xerox Trading Down 2.8 %

Shares of NYSE:XRX opened at $16.37 on Tuesday. The company’s 50-day moving average price is $17.78 and its two-hundred day moving average price is $16.29. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.14 and a quick ratio of 0.91. Xerox Holdings Co. has a one year low of $12.06 and a one year high of $19.78. The stock has a market capitalization of $2.03 billion, a PE ratio of -81.85 and a beta of 1.56.

Xerox (NYSE:XRX) last announced its quarterly earnings results on Thursday, January 25th. The information technology services provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.09). The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.79 billion. Xerox had a net margin of 0.01% and a return on equity of 9.41%. The business’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 EPS. On average, equities analysts forecast that Xerox Holdings Co. will post 2.27 EPS for the current fiscal year.

Xerox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 6.11%. Xerox’s dividend payout ratio is currently -500.00%.

Wall Street Analyst Weigh In

XRX has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Xerox from $16.00 to $18.00 and gave the company an “underweight” rating in a report on Friday, January 26th. StockNews.com lowered shares of Xerox from a “buy” rating to a “hold” rating in a report on Friday, March 22nd.

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.