Xerox Holdings Co. (NYSE:XRX) CEO Steven John Bandrowczak Acquires 22,300 Shares

Xerox Holdings Co. (NYSE:XRX - Get Free Report) CEO Steven John Bandrowczak bought 22,300 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average cost of $4.48 per share, for a total transaction of $99,904.00. Following the acquisition, the chief executive officer now directly owns 382,442 shares of the company's stock, valued at $1,713,340.16. The trade was a 6.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Xerox Price Performance

Shares of Xerox stock traded down $0.05 during trading on Friday, hitting $4.85. 3,788,253 shares of the company were exchanged, compared to its average volume of 3,002,871. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. 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 capitalization of $610.08 million, a price-to-earnings ratio of -0.45 and a beta of 1.75. The firm has a 50 day moving average price of $4.67 and a 200 day moving average price of $6.94.

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 positive return on equity of 7.57% and a negative net margin of 21.24%. The business's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. On average, equities analysts expect that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.

Institutional Trading of Xerox

A number of institutional investors and hedge funds have recently made changes to their positions in XRX. Vanguard Group Inc. boosted its position in Xerox by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 15,763,679 shares of the information technology services provider's stock worth $132,888,000 after purchasing an additional 199,598 shares during the period. Federated Hermes Inc. boosted its position 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. Charles Schwab Investment Management Inc. boosted its position in Xerox by 14.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,066,576 shares of the information technology services provider's stock worth $9,982,000 after purchasing an additional 254,474 shares during the period. Invesco Ltd. boosted its position in Xerox by 7.7% during the 1st quarter. Invesco Ltd. now owns 1,836,657 shares of the information technology services provider's stock worth $8,871,000 after purchasing an additional 130,571 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Xerox by 37.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,575,229 shares of the information technology services provider's stock worth $7,608,000 after purchasing an additional 431,349 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.