Insider Buying: Xerox Holdings Co. (NYSE:XRX) CFO Acquires 5,179 Shares of Stock

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 acquired 5,179 shares of Xerox stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of $4.03 per share, with a total value of $20,871.37. Following the completion of the purchase, the chief financial officer directly owned 21,826 shares of the company's stock, valued at $87,958.78. The trade was a 31.11% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, May 23rd, Mirlanda Gecaj bought 10,000 shares of Xerox stock. The stock was purchased at an average price of $4.41 per share, for a total transaction of $44,100.00.

Xerox Stock Performance

XRX stock traded down $0.05 during mid-day trading on Friday, reaching $4.17. 3,675,441 shares of the stock traded hands, compared to its average volume of 4,081,715. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. The business has a 50-day moving average of $5.21 and a two-hundred day moving average of $5.69. The firm has a market capitalization of $524.54 million, a PE ratio of -0.39 and a beta of 1.79. Xerox Holdings Co. has a 52 week low of $3.44 and a 52 week high of $11.42.

Xerox (NYSE:XRX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The information technology services provider reported ($0.64) EPS for the quarter, missing the consensus estimate 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 in the prior year, the company earned $0.29 earnings per share. The business's revenue was down .1% compared to the same quarter last year. As a group, equities analysts predict that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

Xerox Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of XRX. Invesco Ltd. increased its stake in Xerox by 5.9% in the fourth quarter. Invesco Ltd. now owns 1,706,086 shares of the information technology services provider's stock valued at $14,382,000 after acquiring an additional 94,779 shares during the period. Vanguard Group Inc. boosted its holdings in Xerox by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,763,679 shares of the information technology services provider's stock valued at $132,888,000 after purchasing an additional 199,598 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Xerox by 5.7% in the 1st quarter. Yousif Capital Management LLC now owns 56,907 shares of the information technology services provider's stock valued at $275,000 after purchasing an additional 3,091 shares during the period. Deutsche Bank AG lifted its position in shares of Xerox by 103.8% during the 4th quarter. Deutsche Bank AG now owns 138,852 shares of the information technology services provider's stock worth $1,171,000 after buying an additional 70,724 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Xerox by 569.7% in the 1st quarter. GAMMA Investing LLC now owns 7,045 shares of the information technology services provider's stock valued at $34,000 after buying an additional 5,993 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

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.