Mizuho Markets Americas LLC Buys Shares of 92,502 Xerox Holdings Co. (NYSE:XRX)

Mizuho Markets Americas LLC bought a new stake in shares of Xerox Holdings Co. (NYSE:XRX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 92,502 shares of the information technology services provider’s stock, valued at approximately $1,656,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC bought a new position in shares of Xerox in the 4th quarter worth approximately $25,000. FNY Investment Advisers LLC bought a new position in shares of Xerox in the 4th quarter worth approximately $25,000. Hexagon Capital Partners LLC lifted its stake in shares of Xerox by 38.7% in the 4th quarter. Hexagon Capital Partners LLC now owns 2,257 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 630 shares during the period. TFO Wealth Partners LLC lifted its stake in shares of Xerox by 30,127.3% in the 4th quarter. TFO Wealth Partners LLC now owns 3,325 shares of the information technology services provider’s stock worth $61,000 after purchasing an additional 3,314 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Xerox by 1,733.2% in the 4th quarter. International Assets Investment Management LLC now owns 4,583 shares of the information technology services provider’s stock worth $84,000 after purchasing an additional 4,333 shares during the period. Institutional investors own 85.36% of the company’s stock.

Xerox Stock Performance

NYSE XRX traded down $0.06 on Friday, reaching $11.88. 1,273,306 shares of the stock were exchanged, compared to its average volume of 2,338,191. Xerox Holdings Co. has a one year low of $10.28 and a one year high of $19.78. The firm has a market capitalization of $1.48 billion, a PE ratio of -7.57 and a beta of 1.58. The company’s 50-day simple moving average is $12.98 and its two-hundred day simple moving average is $15.52. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 1.34.

Xerox (NYSE:XRX) last released its earnings results on Tuesday, April 23rd. The information technology services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.29). Xerox had a positive return on equity of 7.77% and a negative net margin of 2.74%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the business posted $0.49 EPS. Xerox’s revenue was down 12.8% on a year-over-year basis. Analysts expect that Xerox Holdings Co. will post 2.07 EPS for the current fiscal year.

Xerox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date is Friday, June 28th. Xerox’s dividend payout ratio (DPR) is currently -63.69%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on XRX shares. StockNews.com upgraded shares of Xerox from a “hold” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Xerox from $18.00 to $17.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 24th. Finally, Citigroup started coverage on shares of Xerox in a research note on Friday, June 28th. They issued a “sell” rating and a $11.00 price objective on the stock.

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.