Xerox Holdings Co. (NYSE:XRX) CFO Mirlanda Gecaj Buys 5,179 Shares

Key Points

• Mirlanda Gecaj, CFO of Xerox, acquired 5,179 shares of the company on August 1st at an average price of $4.03 per share, boosting her total ownership to 21,826 shares.
• Xerox reported a loss of $0.64 EPS for the last quarter, significantly missing analysts' expectations of $0.07 EPS, with revenues down 0.1% compared to the previous year.
• The company recently declared a quarterly dividend of $0.025 per share, yielding 2.5% annually, despite having a negative dividend payout ratio of -0.87%.

Xerox Holdings Co. (NYSE:XRX - Get Free Report) CFO Mirlanda Gecaj purchased 5,179 shares of Xerox stock in a transaction on Friday, August 1st. The shares were acquired at an average cost of $4.03 per share, for a total transaction of $20,871.37. Following the purchase, the chief financial officer owned 21,826 shares in the company, valued at approximately $87,958.78. This trade represents a 31.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Mirlanda Gecaj also recently made the following trade(s):

• On Friday, May 23rd, Mirlanda Gecaj acquired 10,000 shares of Xerox stock. The shares were purchased at an average price of $4.41 per share, with a total value of $44,100.00.

Xerox Trading Down 1.5%

Shares of NYSE XRX traded down $0.06 during midday trading on Friday, hitting $4.16. The stock had a trading volume of 1,340,777 shares, compared to its average volume of 4,065,857. The company has a market capitalization of $522.78 million, a price-to-earnings ratio of -0.39 and a beta of 1.79. 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 1-year low of $3.44 and a 1-year high of $11.42. The company has a fifty day moving average price of $5.22 and a 200 day moving average price of $5.73.

Xerox (NYSE:XRX - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The information technology services provider reported ($0.64) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.71). Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%. During the same period last year, the firm posted $0.29 EPS. The firm's revenue was down .1% compared to the same quarter last year. On average, analysts predict that Xerox Holdings Co. will post 1.07 earnings per share for the current year.

Xerox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.025 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.10 annualized dividend and a yield of 2.4%. Xerox's payout ratio is currently -0.87%.

Hedge Funds Weigh In On Xerox

A number of institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its holdings in shares of Xerox by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 95,012 shares of the information technology services provider's stock valued at $801,000 after buying an additional 1,733 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Xerox by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,209 shares of the information technology services provider's stock worth $558,000 after purchasing an additional 2,320 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Xerox by 3.0% in the fourth quarter. Russell Investments Group Ltd. now owns 87,466 shares of the information technology services provider's stock valued at $737,000 after buying an additional 2,534 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Xerox by 110.8% during the first quarter. PNC Financial Services Group Inc. now owns 5,539 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 2,911 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Xerox by 21.6% in the first quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the information technology services provider's stock worth $83,000 after buying an additional 3,066 shares during the period. 85.36% of the stock is owned by institutional investors and hedge funds.

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.