Xerox (NYSE:XRX) Shares to Split on Monday, February 9th

Shares of Xerox Holdings Co. (NYSE:XRX - Free Report) are scheduled to split before the market opens on Monday, February 9th. The 3-2 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Sunday, February 8th.Xerox Stock Up 9.4%How HP Stock Could Bring Double-Digit Upside for BuffettNYSE XRX traded up $0.20 during trading on Wednesday, reaching $2.33. The company's stock had a trading volume of 8,940,022 shares, compared to its average volume of 3,258,889. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The stock has a market capitalization of $298.33 million, a PE ratio of -0.22 and a beta of 1.72. Xerox has a 1-year low of $2.10 and a 1-year high of $9.12. The business has a 50-day moving average price of $2.56 and a 200-day moving average price of $3.42. Xerox (NYSE:XRX - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The information technology services provider reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.38. Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. During the same quarter last year, the business posted $0.25 EPS. The company's revenue for the quarter was up 28.3% on a year-over-year basis. On average, research analysts forecast that Xerox will post 1.07 earnings per share for the current fiscal year. Xerox Announces DividendIs Xerox’s 6% dividend a value deal or a value trap? The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.025 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.10 annualized dividend and a dividend yield of 4.3%. Xerox's payout ratio is presently -1.28%. Wall Street Analyst Weigh InSeveral brokerages recently issued reports on XRX. Citigroup lowered their price target on Xerox from $4.50 to $3.50 and set a "neutral" rating on the stock in a research note on Monday, November 10th. Zacks Research downgraded Xerox from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 1st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Xerox has a consensus rating of "Reduce" and an average price target of $3.50.2 former tech trailblazers rising like a phoenix Get Our Latest Analysis on XeroxInstitutional Investors Weigh In On XeroxA number of institutional investors and hedge funds have recently made changes to their positions in XRX. Marshall Wace LLP lifted its holdings in Xerox by 71.0% in the second quarter. Marshall Wace LLP now owns 3,928,444 shares of the information technology services provider's stock valued at $20,703,000 after buying an additional 1,630,999 shares during the period. First Eagle Investment Management LLC acquired a new position in shares of Xerox in the 3rd quarter valued at $4,333,000. Private Management Group Inc. bought a new position in shares of Xerox in the 2nd quarter worth $5,513,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Xerox by 123.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,528,219 shares of the information technology services provider's stock worth $5,746,000 after purchasing an additional 843,504 shares during the period. Finally, Two Sigma Investments LP increased its holdings in Xerox by 43.2% in the third quarter. Two Sigma Investments LP now owns 2,476,689 shares of the information technology services provider's stock valued at $9,312,000 after purchasing an additional 746,582 shares during the last quarter. Institutional investors own 85.36% of the company's stock. About Xerox (Get Free Report)Xerox Holdings Corporation NYSE: XRX is a global provider of document management technology and services. The company designs and manufactures a broad range of multifunction printers, production printers, digital presses and related consumables. In addition to its hardware offerings, Xerox delivers software and workflow automation solutions, managed print services and cloud-based document platforms that help organizations optimize their information-intensive processes. Founded in 1906 as The Haloid Photographic Company, Xerox pioneered xerographic imaging in the late 1940s, launching the first plain-paper copier in 1959.Featured StoriesFive stocks we like better than XeroxYour Signature Is Missing – Act Before It’s Too LateBuy This Stock at 9:30 AM on MONDAY!What Expenses Can Be Deducted From Capital Gains Tax?Buy this Gold Stock Before May 2026Do not delete, read immediatelyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Xerox Right Now?Before you consider Xerox, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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