Semanteon Capital Management LP Buys Shares of 58,391 Xerox Holdings Co. (NYSE:XRX)

Semanteon Capital Management LP bought a new stake in shares of Xerox Holdings Co. (NYSE:XRX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 58,391 shares of the information technology services provider’s stock, valued at approximately $492,000.

Other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management raised its holdings in Xerox by 330.5% during the fourth 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 in the last quarter. KBC Group NV increased its stake 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 purchasing an additional 4,224 shares during the period. Marathon Trading Investment Management LLC bought a new position in shares of Xerox in the fourth quarter worth about $84,000. Xponance Inc. bought a new position in shares of Xerox in the fourth quarter worth about $87,000. Finally, Greenwich Wealth Management LLC bought a new position in shares of Xerox in the fourth quarter worth about $89,000. 85.36% of the stock is currently owned by institutional investors.

Xerox Trading Down 2.3 %

Xerox stock opened at $5.51 on Friday. Xerox Holdings Co. has a 52 week low of $5.48 and a 52 week high of $18.18. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The firm has a market capitalization of $690.30 million, a PE ratio of -0.51 and a beta of 1.66. The business’s 50-day simple moving average is $7.69 and its 200-day simple moving average is $8.82.

Xerox Cuts Dividend

The company 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. The ex-dividend date is Monday, March 31st. This represents a $0.50 annualized dividend and a yield of 9.07%. Xerox’s dividend payout ratio is -4.66%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Xerox from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat, Xerox has a consensus rating of “Reduce” and a consensus target price 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.