Greenwich Wealth Management LLC Acquires New Position in Xerox Holdings Co. (NYSE:XRX)

Greenwich Wealth Management LLC bought a new position in shares of Xerox Holdings Co. (NYSE:XRX) during the fourth quarter, HoldingsChannel reports. The firm bought 10,525 shares of the information technology services provider’s stock, valued at approximately $89,000.

Several other hedge funds also recently made changes to their positions in XRX. Yousif Capital Management LLC lifted its stake in Xerox by 2.8% during the fourth quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider’s stock worth $454,000 after purchasing an additional 1,486 shares during the last quarter. US Bancorp DE lifted its position in shares of Xerox by 42.3% in the 3rd quarter. US Bancorp DE now owns 6,353 shares of the information technology services provider’s stock worth $66,000 after buying an additional 1,888 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of Xerox in the 3rd quarter valued at about $29,000. Picton Mahoney Asset Management grew its position in shares of Xerox by 330.5% during the 4th quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 2,885 shares during the last quarter. Finally, Coastwise Capital Group LLC raised its stake in Xerox by 13.8% during the third quarter. Coastwise Capital Group LLC now owns 24,075 shares of the information technology services provider’s stock worth $250,000 after acquiring an additional 2,924 shares during the period. Institutional investors and hedge funds own 85.36% of the company’s stock.

Xerox Stock Down 0.2 %

XRX stock opened at $5.79 on Monday. 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’s 50-day simple moving average is $8.00 and its 200 day simple moving average is $8.98. The stock has a market cap of $725.38 million, a PE ratio of -0.54 and a beta of 1.66. Xerox Holdings Co. has a fifty-two week low of $5.74 and a fifty-two week high of $18.18.

Xerox Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.125 per share. The ex-dividend date is Monday, March 31st. This represents a $0.50 annualized dividend and a dividend yield of 8.64%. Xerox’s dividend payout ratio is presently -4.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Xerox from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $9.50.

Xerox 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.