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 acquired 22,300 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $4.48 per share, with a total value of $99,904.00. Following the completion of the transaction, the chief executive officer now directly owns 382,442 shares in the company, valued at $1,713,340.16. This trade represents a 6.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Xerox Price Performance

Shares of NYSE XRX traded down $0.10 during mid-day trading on Thursday, reaching $4.71. The company had a trading volume of 109,947 shares, compared to its average volume of 2,973,280. Xerox Holdings Co. has a one year low of $3.45 and a one year high of $14.81. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.84 and a current ratio of 1.11. The business's 50-day simple moving average is $4.69 and its 200 day simple moving average is $6.99. The firm has a market cap of $591.84 million, a price-to-earnings ratio of -0.44 and a beta of 1.75.

Xerox (NYSE:XRX - Get Free Report) last issued its quarterly 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 period last year, the business earned $0.06 earnings per share. The firm's revenue was down 3.0% on a year-over-year basis. On average, research analysts predict that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Xerox from a "buy" rating to a "hold" rating in a research 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. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $9.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in shares of 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. Allworth Financial LP raised its holdings in shares of Xerox by 137.7% during the 1st quarter. Allworth Financial LP now owns 6,014 shares of the information technology services provider's stock valued at $29,000 after buying an additional 3,484 shares in the last quarter. Picton Mahoney Asset Management boosted its position in shares of Xerox by 330.5% during 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 in the last quarter. Larson Financial Group LLC increased its position 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 valued at $31,000 after buying an additional 5,000 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Xerox by 569.7% during 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 in the last quarter. 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.