Xerox Target of Unusually High Options Trading (NYSE:XRX)

Xerox Holdings Co. (NYSE:XRX - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors acquired 1,689 put options on the stock. This represents an increase of 1,369% compared to the average daily volume of 115 put options.

Insider Activity

In related news, CEO Steven John Bandrowczak acquired 22,300 shares of Xerox stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of $4.48 per share, for a total transaction of $99,904.00. Following the purchase, the chief executive officer directly owned 382,442 shares of the company's stock, valued at $1,713,340.16. The trade was a 6.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A. Scott Letier acquired 25,000 shares of Xerox stock in a transaction on Friday, May 23rd. The shares were bought at an average price of $4.43 per share, for a total transaction of $110,750.00. Following the completion of the purchase, the director directly owned 29,384 shares in the company, valued at $130,171.12. The trade was a 570.26% 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 valued at $364,254 over the last ninety days. 1.50% of the stock is owned by company insiders.

Institutional Trading of Xerox

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. raised its holdings in shares of Xerox by 5.9% during the fourth quarter. Invesco Ltd. now owns 1,706,086 shares of the information technology services provider's stock worth $14,382,000 after purchasing an additional 94,779 shares during the period. Vanguard Group Inc. lifted its position in Xerox by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,763,679 shares of the information technology services provider's stock valued at $132,888,000 after purchasing an additional 199,598 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Xerox by 12.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 476,266 shares of the information technology services provider's stock valued at $4,015,000 after purchasing an additional 52,104 shares during the last quarter. Yousif Capital Management LLC lifted its position in Xerox by 5.7% in the 1st quarter. Yousif Capital Management LLC now owns 56,907 shares of the information technology services provider's stock valued at $275,000 after purchasing an additional 3,091 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Xerox by 103.8% in the 4th quarter. Deutsche Bank AG now owns 138,852 shares of the information technology services provider's stock valued at $1,171,000 after purchasing an additional 70,724 shares during the last quarter. 85.36% of the stock is owned by institutional investors and hedge funds.

Xerox Stock Up 2.5%

NYSE XRX traded up $0.15 during trading hours on Friday, reaching $6.08. 2,295,391 shares of the company traded hands, compared to its average volume of 3,997,763. Xerox has a 12 month low of $3.44 and a 12 month high of $11.45. 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 capitalization of $764.80 million, a PE ratio of -0.57 and a beta of 1.82. The company has a 50 day moving average of $5.28 and a two-hundred day moving average of $6.00.

Xerox (NYSE:XRX - Get Free Report) last posted 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%. The company's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, equities analysts expect that Xerox 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. Shareholders of record on Monday, June 30th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.64%. Xerox's dividend payout ratio (DPR) is -0.95%.

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.