Insider Buying: Xerox Holdings Co. (NYSE:XRX) COO Acquires 25,000 Shares of 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 shares were purchased at an average price of $4.38 per share, with a total value of $109,500.00. Following the completion of the purchase, the chief operating officer now owns 259,775 shares in the company, valued at $1,137,814.50. This represents a 10.65% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Xerox Trading Down 1.0%

XRX traded down $0.05 during trading hours on Friday, reaching $4.85. The company's stock had a trading volume of 3,788,253 shares, compared to its average volume of 3,002,871. Xerox Holdings Co. has a fifty-two week low of $3.45 and a fifty-two week high of $14.81. The stock has a market cap of $610.08 million, a PE ratio of -0.45 and a beta of 1.75. The business's 50-day moving average is $4.67 and its 200-day moving average is $6.94. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84.

Xerox (NYSE:XRX - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. During the same period last year, the firm earned $0.06 earnings per share. Xerox's quarterly revenue was down 3.0% on a year-over-year basis. As a group, equities research analysts predict that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Xerox

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in Xerox by 110.8% in the first quarter. PNC Financial Services Group Inc. now owns 5,539 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 2,911 shares during the period. Allworth Financial LP raised its position in Xerox by 137.7% in the first quarter. Allworth Financial LP now owns 6,014 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 3,484 shares during the period. Picton Mahoney Asset Management raised its position 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 purchasing an additional 2,885 shares during the period. Larson Financial Group LLC raised its position in Xerox by 331.8% in the first quarter. Larson Financial Group LLC now owns 6,507 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 5,000 shares during the period. Finally, GAMMA Investing LLC raised its position in Xerox by 569.7% in 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 during the period. 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.