Farringdon Capital Ltd. Buys New Stake in Xerox Holdings Co. (NYSE:XRX)

Farringdon Capital Ltd. acquired a new stake in Xerox Holdings Co. (NYSE:XRX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 21,347 shares of the information technology services provider’s stock, valued at approximately $180,000.

Several other hedge funds and other institutional investors have also modified their holdings of XRX. Marshall Wace LLP boosted its stake in shares of Xerox by 397.5% in the 4th quarter. Marshall Wace LLP now owns 1,378,215 shares of the information technology services provider’s stock valued at $11,618,000 after purchasing an additional 1,101,171 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Xerox during the fourth quarter worth approximately $101,000. Gamco Investors INC. ET AL boosted its holdings in shares of Xerox by 113.9% in the 4th 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. Gabelli Funds LLC increased its holdings in Xerox by 71.7% during the 4th quarter. Gabelli Funds LLC now owns 51,500 shares of the information technology services provider’s stock valued at $434,000 after purchasing an additional 21,500 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Xerox by 12.3% in the fourth quarter. Guggenheim Capital LLC now owns 114,626 shares of the information technology services provider’s stock worth $966,000 after purchasing an additional 12,529 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Xerox Trading Up 4.8 %

Shares of XRX opened at $3.95 on Friday. The stock’s fifty day simple moving average is $5.72 and its 200-day simple moving average is $7.90. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $496.81 million, a PE ratio of -0.37 and a beta of 1.56. Xerox Holdings Co. has a 12-month low of $3.45 and a 12-month high of $16.77.

Xerox Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 12.66%. The ex-dividend date is Monday, March 31st. Xerox’s dividend payout ratio (DPR) is -4.66%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $9.50.

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.