12,000 Shares in Xerox Holdings Co. (NYSE:XRX) Purchased by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Xerox Holdings Co. (NYSE:XRX) during the 4th quarter, HoldingsChannel reports. The firm bought 12,000 shares of the information technology services provider’s stock, valued at approximately $101,000.

A number of other large investors also recently made changes to their positions in the business. Victory Capital Management Inc. lifted its position in Xerox by 164.8% in the 4th quarter. Victory Capital Management Inc. now owns 546,536 shares of the information technology services provider’s stock worth $4,607,000 after buying an additional 340,168 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Xerox by 60.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 540,109 shares of the information technology services provider’s stock worth $4,467,000 after acquiring an additional 202,987 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Xerox by 113.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 376,250 shares of the information technology services provider’s stock worth $3,172,000 after acquiring an additional 200,350 shares in the last quarter. Vanguard Group Inc. boosted its position in Xerox by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,763,679 shares of the information technology services provider’s stock valued at $132,888,000 after purchasing an additional 199,598 shares during the last quarter. Finally, Norges Bank purchased a new position in Xerox in the fourth quarter valued at about $1,632,000. Institutional investors and hedge funds own 85.36% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Xerox from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, Xerox presently has an average rating of “Reduce” and a consensus target price of $9.50.

Xerox Trading Down 0.8 %

Xerox stock opened at $3.85 on Wednesday. Xerox Holdings Co. has a one year low of $3.45 and a one year high of $16.77. The company’s fifty day moving average price is $5.97 and its two-hundred day moving average price is $8.04. The company has a market capitalization of $484.23 million, a price-to-earnings ratio of -0.36 and a beta of 1.56. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84.

Xerox Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 12.99%. The ex-dividend date is Monday, March 31st. Xerox’s payout ratio is -4.66%.

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.