A. Scott Letier Buys 29,600 Shares of Xerox Holdings Co. (NYSE:XRX) Stock

Key Points

• A. Scott Letier, a director at Xerox Holdings Co., purchased 29,600 shares at an average price of $3.95, increasing his ownership by 100.74%.
• Xerox’s stock experienced a 1.5% decline, trading at $4.07 with a market capitalization of $511.97 million.
($0.64) EPS for the last quarter, missing estimates significantly, with revenues down by 0.1% year-over-year.

Xerox Holdings Co. (NYSE:XRX - Get Free Report) Director A. Scott Letier purchased 29,600 shares of the firm's stock in a transaction on Friday, August 1st. The shares were acquired at an average cost of $3.95 per share, for a total transaction of $116,920.00. Following the completion of the acquisition, the director owned 58,984 shares of the company's stock, valued at approximately $232,986.80. This trade represents a 100.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A. Scott Letier also recently made the following trade(s):

• On Friday, May 23rd, A. Scott Letier acquired 25,000 shares of Xerox stock. The shares were bought at an average price of $4.43 per share, for a total transaction of $110,750.00.

Xerox Price Performance

Shares of NYSE:XRX traded down $0.05 during midday trading on Friday, reaching $4.18. 1,283,650 shares of the company were exchanged, compared to its average volume of 4,065,071. 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 cap of $525.17 million, a PE ratio of -0.39 and a beta of 1.79. The business's fifty day moving average is $5.22 and its two-hundred day moving average is $5.73. Xerox Holdings Co. has a one year low of $3.44 and a one year high of $11.42.

Xerox (NYSE:XRX - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The information technology services provider reported ($0.64) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.71). Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. Xerox's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. As a group, analysts predict that Xerox Holdings Co. will post 1.07 earnings per share for the current year.

Xerox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.10 dividend on an annualized basis and a yield of 2.4%. Xerox's dividend payout ratio is presently -0.87%.

Institutional Investors Weigh In On Xerox

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in shares of Xerox by 110.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,539 shares of the information technology services provider's stock valued at $27,000 after buying an additional 2,911 shares in the last quarter. Spire Wealth Management purchased a new stake in Xerox during the second quarter valued at approximately $31,000. TD Waterhouse Canada Inc. purchased a new stake in Xerox during the fourth quarter valued at approximately $51,000. Allworth Financial LP boosted its holdings in shares of Xerox by 137.7% in the 1st quarter. Allworth Financial LP now owns 6,014 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 3,484 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Xerox during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 85.36% of the company's stock.

About Xerox

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.