Picton Mahoney Asset Management Has $31,000 Stock Position in Xerox Holdings Co. (NYSE:XRX)

Picton Mahoney Asset Management grew its position in Xerox Holdings Co. (NYSE:XRX) by 330.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,758 shares of the information technology services provider’s stock after buying an additional 2,885 shares during the quarter. Picton Mahoney Asset Management’s holdings in Xerox were worth $31,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in XRX. US Bancorp DE boosted its holdings in shares of Xerox by 42.3% in the third 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 period. KBC Group NV boosted its holdings in shares of Xerox by 84.5% in the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock worth $78,000 after buying an additional 4,224 shares during the period. Marathon Trading Investment Management LLC acquired a new stake in shares of Xerox during the fourth quarter worth approximately $84,000. Vest Financial LLC acquired a new stake in shares of Xerox during the fourth quarter worth approximately $97,000. Finally, Prism Advisors Inc. acquired a new stake in shares of Xerox during the fourth quarter worth approximately $103,000. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Xerox from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Three equities research 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.com, the stock has a consensus rating of “Reduce” and an average target price of $9.50.

Xerox Stock Performance

XRX stock opened at $5.77 on Tuesday. The stock has a market cap of $722.87 million, a P/E ratio of -0.54 and a beta of 1.66. The firm has a 50 day simple moving average of $7.95 and a 200 day simple moving average of $8.94. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. Xerox Holdings Co. has a 52 week low of $5.62 and a 52 week high of $18.18.

Xerox Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 8.67%. The ex-dividend date is Monday, March 31st. Xerox’s payout ratio is presently -4.66%.

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.