Xerox Sees Unusually High Options Volume (NYSE:XRX)

Xerox Holdings Co. (NYSE:XRX - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 1,689 put options on the stock. This represents an increase of approximately 1,369% compared to the typical daily volume of 115 put options.

Xerox Stock Performance

NYSE:XRX traded down $0.08 on Friday, hitting $5.28. The company's stock had a trading volume of 4,228,782 shares, compared to its average volume of 3,105,140. 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 fifty day moving average of $5.08 and a two-hundred day moving average of $6.43. The firm has a market capitalization of $664.17 million, a P/E ratio of -0.49 and a beta of 1.81. Xerox has a one year low of $3.45 and a one year high of $12.29.

Xerox (NYSE:XRX - Get Free Report) last announced its earnings results on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates 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 firm's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. Research analysts predict that Xerox will post 1.07 earnings per share for the current year.

Xerox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be paid 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 1.89%. Xerox's dividend payout ratio (DPR) is currently -0.95%.

Insider Buying and Selling at Xerox

In other Xerox news, COO John G. Bruno acquired 25,000 shares of the company's stock in a transaction on Friday, May 23rd. The shares were purchased at an average price of $4.38 per share, for a total transaction of $109,500.00. Following the completion of the purchase, the chief operating officer now directly owns 259,775 shares of the company's stock, valued at approximately $1,137,814.50. This represents a 10.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mirlanda Gecaj acquired 10,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $4.41 per share, for a total transaction of $44,100.00. Following the purchase, the chief financial officer now directly owns 15,956 shares of the company's stock, valued at approximately $70,365.96. This trade represents a 167.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 82,300 shares of company stock worth $364,254 over the last 90 days. Company insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Xerox

A number of large investors have recently made changes to their positions in XRX. Picton Mahoney Asset Management increased its stake in Xerox by 330.5% during the 4th quarter. Picton Mahoney Asset Management now owns 3,758 shares of the information technology services provider's stock worth $31,000 after acquiring an additional 2,885 shares during the period. PNC Financial Services Group Inc. increased its stake in Xerox by 110.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,539 shares of the information technology services provider's stock worth $27,000 after acquiring an additional 2,911 shares during the period. TD Waterhouse Canada Inc. bought a new position in Xerox during the 4th quarter worth $51,000. Allworth Financial LP increased its stake in Xerox by 137.7% during the 1st quarter. Allworth Financial LP now owns 6,014 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 3,484 shares during the period. Finally, Larson Financial Group LLC increased its stake in Xerox by 331.8% during the 1st quarter. Larson Financial Group LLC now owns 6,507 shares of the information technology services provider's stock worth $31,000 after acquiring an additional 5,000 shares during the period. 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.