Empowered Funds LLC Has $5.12 Million Stake in Xerox Holdings Co. (NYSE:XRX)

Empowered Funds LLC boosted its holdings in Xerox Holdings Co. (NYSE:XRX) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 606,748 shares of the information technology services provider’s stock after purchasing an additional 46,212 shares during the quarter. Empowered Funds LLC’s holdings in Xerox were worth $5,115,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vest Financial LLC bought a new stake in shares of Xerox during the fourth quarter worth about $97,000. Yousif Capital Management LLC boosted its stake in Xerox by 2.8% during the 4th quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider’s stock valued at $454,000 after purchasing an additional 1,486 shares during the last quarter. Prism Advisors Inc. bought a new stake in Xerox during the 4th quarter worth approximately $103,000. KBC Group NV raised its stake in shares of Xerox by 84.5% in the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock worth $78,000 after purchasing an additional 4,224 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of Xerox by 6.7% during the fourth quarter. Sound Income Strategies LLC now owns 1,102,688 shares of the information technology services provider’s stock valued at $9,296,000 after buying an additional 69,182 shares during the last quarter. Institutional investors own 85.36% of the company’s stock.

Xerox Price Performance

Shares of NYSE:XRX opened at $8.10 on Wednesday. Xerox Holdings Co. has a fifty-two week low of $7.77 and a fifty-two week high of $19.48. The company’s 50-day moving average is $8.80 and its 200 day moving average is $9.52. 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 company has a market capitalization of $1.01 billion, a P/E ratio of -0.75 and a beta of 1.59.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley lowered their price target on Xerox from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. cut their price target on shares of Xerox from $11.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Xerox from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $9.50.

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.