Sargent Investment Group LLC Has $4.24 Million Stock Position in Xerox Holdings Co. (NYSE:XRX)

Sargent Investment Group LLC lifted its stake in Xerox Holdings Co. (NYSE:XRX) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 231,500 shares of the information technology services provider’s stock after acquiring an additional 2,360 shares during the quarter. Xerox makes up approximately 0.9% of Sargent Investment Group LLC’s investment portfolio, making the stock its 29th largest position. Sargent Investment Group LLC owned approximately 0.19% of Xerox worth $4,243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XRX. Vanguard Group Inc. increased its position in Xerox by 10.2% during the third quarter. Vanguard Group Inc. now owns 15,791,263 shares of the information technology services provider’s stock worth $247,765,000 after buying an additional 1,464,851 shares during the last quarter. LSV Asset Management increased its position in Xerox by 4.5% during the third quarter. LSV Asset Management now owns 6,240,257 shares of the information technology services provider’s stock worth $97,910,000 after buying an additional 271,302 shares during the last quarter. AQR Capital Management LLC increased its position in Xerox by 43.0% during the third quarter. AQR Capital Management LLC now owns 1,766,610 shares of the information technology services provider’s stock worth $27,718,000 after buying an additional 531,173 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Xerox by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,433,897 shares of the information technology services provider’s stock worth $22,498,000 after buying an additional 128,227 shares during the last quarter. Finally, Invesco Ltd. increased its position in Xerox by 65.2% during the third quarter. Invesco Ltd. now owns 1,281,942 shares of the information technology services provider’s stock worth $20,114,000 after buying an additional 506,117 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock.

Xerox Stock Performance

Shares of Xerox stock traded down $0.18 on Friday, hitting $14.00. The stock had a trading volume of 2,665,623 shares, compared to its average volume of 2,621,336. Xerox Holdings Co. has a twelve month low of $12.06 and a twelve month high of $19.78. The business’s 50 day moving average is $17.23 and its two-hundred day moving average is $16.29. The company has a quick ratio of 0.91, a current ratio of 1.37 and a debt-to-equity ratio of 1.34. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -8.92 and a beta of 1.56.

Xerox (NYSE:XRX) last issued its quarterly earnings results on Tuesday, April 23rd. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.29). The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.53 billion. Xerox had a negative net margin of 2.74% and a positive return on equity of 7.77%. The company’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. Analysts forecast that Xerox Holdings Co. will post 2.16 EPS for the current year.

Xerox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.14%. The ex-dividend date is Wednesday, March 27th. Xerox’s dividend payout ratio (DPR) is currently -63.69%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on XRX shares. JPMorgan Chase & Co. lowered their price target on Xerox from $18.00 to $17.00 and set an “underweight” rating on the stock in a research report on Wednesday. StockNews.com downgraded Xerox from a “buy” rating to a “hold” rating in a research report on Wednesday.

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.