A. Scott Letier Purchases 25,000 Shares of Xerox Holdings Co. (NYSE:XRX) Stock

Xerox Holdings Co. (NYSE:XRX - Get Free Report) Director A. Scott Letier acquired 25,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of $4.43 per share, with a total value of $110,750.00. Following the completion of the acquisition, the director now directly owns 29,384 shares of the company's stock, valued at $130,171.12. This represents a 570.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Xerox Trading Up 2.1%

Shares of XRX stock traded up $0.10 during trading hours on Thursday, reaching $4.90. The company had a trading volume of 3,566,061 shares, compared to its average volume of 2,994,106. The firm has a market cap of $616.37 million, a price-to-earnings ratio of -0.46 and a beta of 1.75. Xerox Holdings Co. has a 1-year low of $3.45 and a 1-year high of $14.81. The company has a 50 day moving average of $4.68 and a 200 day moving average of $6.96. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84.

Xerox (NYSE:XRX - Get Free Report) last issued its quarterly earnings results 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 negative net margin of 21.24% and a positive return on equity of 7.57%. During the same period in the prior year, the business earned $0.06 earnings per share. The firm's revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that Xerox Holdings Co. will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of 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 given a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $9.50.

Hedge Funds Weigh In On Xerox

Several large investors have recently modified their holdings of XRX. Barclays PLC lifted its position in Xerox by 55.5% during the third quarter. Barclays PLC now owns 469,106 shares of the information technology services provider's stock worth $4,869,000 after purchasing an additional 167,500 shares during the period. KBC Group NV increased its holdings in Xerox by 84.5% in the fourth quarter. KBC Group NV now owns 9,223 shares of the information technology services provider's stock valued at $78,000 after purchasing an additional 4,224 shares during the period. Prism Advisors Inc. acquired a new position in shares of Xerox in the fourth quarter worth approximately $103,000. Yousif Capital Management LLC boosted its stake in shares of Xerox by 2.8% in the 4th quarter. Yousif Capital Management LLC now owns 53,816 shares of the information technology services provider's stock valued at $454,000 after purchasing an additional 1,486 shares during the last quarter. Finally, Vest Financial LLC acquired a new stake in Xerox during the 4th quarter worth about $97,000. 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.