John G. Bruno Purchases 25,000 Shares of Xerox Holdings Co. (NYSE:XRX) Stock

Xerox Holdings Co. (NYSE:XRX - Get Free Report) COO John G. Bruno acquired 25,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $4.38 per share, with a total value of $109,500.00. Following the transaction, the chief operating officer now directly owns 259,775 shares of the company's stock, valued at $1,137,814.50. This represents a 10.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Xerox Price Performance

Xerox stock traded down $0.10 during midday trading on Thursday, hitting $4.71. The company's stock had a trading volume of 109,947 shares, compared to its average volume of 2,973,280. 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 stock's 50-day moving average price is $4.69 and its 200-day moving average price is $6.99. Xerox Holdings Co. has a 12 month low of $3.45 and a 12 month high of $14.81. The company has a market capitalization of $591.84 million, a PE ratio of -0.44 and a beta of 1.75.

Xerox (NYSE:XRX - Get Free Report) last announced 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%. During the same quarter last year, the firm earned $0.06 earnings per share. Xerox's revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts anticipate that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen cut Xerox from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $9.50.

Hedge Funds Weigh In On Xerox

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its position in Xerox by 2,035.4% during the first quarter. Federated Hermes Inc. now owns 3,682,002 shares of the information technology services provider's stock worth $17,784,000 after purchasing an additional 3,509,574 shares during the period. Paradigm Capital Management Inc. NY increased its stake in shares of Xerox by 2,392.4% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,246,200 shares of the information technology services provider's stock valued at $6,019,000 after buying an additional 1,196,200 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Xerox by 397.5% in the fourth quarter. Marshall Wace LLP now owns 1,378,215 shares of the information technology services provider's stock valued at $11,618,000 after buying an additional 1,101,171 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Xerox by 2,846.8% in the fourth quarter. Point72 Asset Management L.P. now owns 1,128,973 shares of the information technology services provider's stock valued at $9,517,000 after buying an additional 1,090,661 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Xerox in the first quarter worth about $4,765,000. Institutional investors own 85.36% of the company's stock.

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.