Vest Financial LLC Invests $97,000 in Xerox Holdings Co. (NYSE:XRX)

Vest Financial LLC bought a new position in Xerox Holdings Co. (NYSE:XRX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 11,524 shares of the information technology services provider’s stock, valued at approximately $97,000.

A number of other institutional investors have also bought and sold shares of the business. Gladius Capital Management LP bought a new position in shares of Xerox in the third quarter worth about $29,000. US Bancorp DE boosted its stake in 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 purchasing an additional 1,888 shares during the period. KBC Group NV grew its holdings in Xerox by 84.5% during the 4th quarter. KBC Group NV now owns 9,223 shares of the information technology services provider’s stock valued at $78,000 after buying an additional 4,224 shares in the last quarter. Prism Advisors Inc. bought a new stake in shares of Xerox during the fourth quarter valued at approximately $103,000. Finally, CWM LLC lifted its holdings in shares of Xerox by 381.3% in the third quarter. CWM LLC now owns 10,897 shares of the information technology services provider’s stock worth $113,000 after buying an additional 8,633 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Xerox Stock Performance

Xerox stock opened at $7.85 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. Xerox Holdings Co. has a twelve month low of $7.81 and a twelve month high of $19.48. The company’s 50-day moving average price is $8.85 and its 200-day moving average price is $9.56. The company has a market cap of $976.34 million, a PE ratio of -0.73 and a beta of 1.59.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Xerox from $11.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com cut Xerox from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Morgan Stanley dropped their price target on Xerox from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, Xerox has a consensus rating of “Reduce” and an average price target of $9.50.

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.