Traders Buy High Volume of Put Options on Xerox (NYSE:XRX)

Xerox Holdings Co. (NYSE:XRX - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 1,689 put options on the company. This represents an increase of approximately 1,369% compared to the typical volume of 115 put options.

Insider Buying and Selling

In related news, COO John G. Bruno bought 25,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was acquired at an average price of $4.38 per share, for a total transaction of $109,500.00. Following the acquisition, the chief operating officer now owns 259,775 shares in the company, valued at approximately $1,137,814.50. This represents a 10.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Mirlanda Gecaj bought 10,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $4.41 per share, with a total value of $44,100.00. Following the acquisition, the chief financial officer now owns 15,956 shares in the company, valued at approximately $70,365.96. This represents a 167.90% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 82,300 shares of company stock worth $364,254. Corporate insiders own 1.50% of the company's stock.

Institutional Trading of Xerox

A number of large investors have recently bought and sold shares of XRX. Federated Hermes Inc. boosted its stake in Xerox by 2,035.4% during the 1st 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 boosted its stake in Xerox by 2,392.4% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 1,246,200 shares of the information technology services provider's stock worth $6,019,000 after purchasing an additional 1,196,200 shares during the period. Marshall Wace LLP boosted its stake in Xerox by 397.5% during the 4th quarter. Marshall Wace LLP now owns 1,378,215 shares of the information technology services provider's stock worth $11,618,000 after purchasing an additional 1,101,171 shares during the period. Point72 Asset Management L.P. boosted its stake in Xerox by 2,846.8% during the 4th quarter. Point72 Asset Management L.P. now owns 1,128,973 shares of the information technology services provider's stock worth $9,517,000 after purchasing an additional 1,090,661 shares during the period. Finally, Nuveen LLC acquired a new stake in Xerox during the 1st quarter worth $4,765,000. Institutional investors and hedge funds own 85.36% of the company's stock.

Xerox Trading Down 0.4%

Shares of Xerox stock opened at $5.39 on Thursday. The company has a fifty day simple moving average of $5.02 and a 200-day simple moving average of $6.51. Xerox has a 12-month low of $3.45 and a 12-month high of $12.72. 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 cap of $678.01 million, a price-to-earnings ratio of -0.50 and a beta of 1.81.

Xerox (NYSE:XRX - Get Free Report) last issued its earnings results on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter last year, the firm posted $0.06 earnings per share. The company's quarterly revenue was down 3.0% on a year-over-year basis. On average, equities analysts forecast that Xerox will post 1.07 EPS for the current fiscal year.

Xerox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Monday, June 30th. Xerox's dividend payout ratio is currently -0.95%.

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.

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