Xerox Holdings Co. (NYSE:XRX) CFO Purchases $44,100.00 in Stock

Xerox Holdings Co. (NYSE:XRX - Get Free Report) CFO Mirlanda Gecaj bought 10,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were acquired at an average price of $4.41 per share, with a total value of $44,100.00. Following the completion of the purchase, the chief financial officer now directly owns 15,956 shares of the company's stock, valued at approximately $70,365.96. The trade was a 167.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Xerox Price Performance

Shares of NYSE:XRX traded up $0.10 during trading on Thursday, hitting $4.90. 3,566,061 shares of the company were exchanged, compared to its average volume of 2,994,106. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $616.37 million, a P/E ratio of -0.46 and a beta of 1.75. Xerox Holdings Co. has a 1-year low of $3.45 and a 1-year high of $14.81. The business's 50 day moving average is $4.68 and its 200-day moving average is $6.96.

Xerox (NYSE:XRX - Get Free Report) last posted its earnings results on Thursday, May 1st. The information technology services provider reported ($0.06) EPS for the quarter, missing the consensus estimate 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 for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. Equities analysts forecast that Xerox Holdings Co. will post 1.07 earnings per share for the current year.

Institutional Investors Weigh In On Xerox

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Yousif Capital Management LLC boosted its position in shares of Xerox by 2.8% during the 4th quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider's stock valued at $454,000 after purchasing an additional 1,486 shares in the last quarter. Franklin Resources Inc. lifted its stake in Xerox by 1.9% during the 4th quarter. Franklin Resources Inc. now owns 95,012 shares of the information technology services provider's stock valued at $801,000 after acquiring an additional 1,733 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Xerox by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,209 shares of the information technology services provider's stock valued at $558,000 after acquiring an additional 2,320 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Xerox by 3.0% during the 4th quarter. Russell Investments Group Ltd. now owns 87,466 shares of the information technology services provider's stock valued at $737,000 after purchasing an additional 2,534 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in Xerox by 330.5% in 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 acquiring an additional 2,885 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Xerox from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, Xerox currently has a consensus rating of "Reduce" and a consensus target price 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.