SG Americas Securities LLC acquired a new position in shares of Xerox Holdings Co. (NYSE:XRX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 92,716 shares of the information technology services provider's stock, valued at approximately $448,000. SG Americas Securities LLC owned 0.07% of Xerox at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of XRX. Picton Mahoney Asset Management increased its holdings in Xerox by 330.5% in the 4th 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 during the period. GAMMA Investing LLC raised its position in Xerox by 569.7% during the first quarter. GAMMA Investing LLC now owns 7,045 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 5,993 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of Xerox during the 4th quarter worth $51,000. Marathon Trading Investment Management LLC bought a new position in shares of Xerox in the fourth quarter worth about $84,000. Finally, Sterling Capital Management LLC increased its position in Xerox by 48.9% during the 4th quarter. Sterling Capital Management LLC now owns 10,106 shares of the information technology services provider's stock worth $85,000 after purchasing an additional 3,319 shares in the last quarter. Institutional investors own 85.36% of the company's stock.
Xerox Price Performance
Xerox stock traded down $0.08 during mid-day trading on Friday, reaching $5.28. The company had a trading volume of 4,228,362 shares, compared to its average volume of 3,993,216. The business has a fifty day simple moving average of $5.05 and a 200 day simple moving average of $6.48. The company has a market cap of $664.17 million, a P/E ratio of -0.49 and a beta of 1.81. Xerox Holdings Co. has a fifty-two week low of $3.44 and a fifty-two week high of $12.28. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61.
Xerox (NYSE:XRX - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%. The company's revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 EPS. On average, equities research analysts predict that Xerox Holdings Co. will post 1.07 earnings per share for the current year.
Xerox Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.10 annualized dividend and a yield of 1.89%. Xerox's dividend payout ratio is presently -0.95%.
Insider Buying and Selling
In other Xerox news, CFO Mirlanda Gecaj purchased 10,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of $4.41 per share, for a total transaction of $44,100.00. Following the completion of the acquisition, the chief financial officer now owns 15,956 shares in the company, valued at approximately $70,365.96. This trade represents a 167.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John G. Bruno acquired 25,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of $4.38 per share, with a total value of $109,500.00. Following the completion of the acquisition, the chief operating officer now directly owns 259,775 shares of the company's stock, valued at $1,137,814.50. This trade represents a 10.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 82,300 shares of company stock worth $364,254 in the last ninety days. Company insiders own 1.50% of the company's stock.
About Xerox
(
Free Report)
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.
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