Xerox Holdings Co. (NYSE:XRX - Get Free Report) Director A. Scott Letier acquired 25,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost of $4.43 per share, with a total value of $110,750.00. Following the transaction, the director now directly owns 29,384 shares in the company, valued at approximately $130,171.12. This represents a 570.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Xerox Stock Performance
Shares of NYSE XRX traded down $0.05 during trading on Friday, reaching $4.85. 3,788,253 shares of the company traded hands, compared to its average volume of 3,002,871. The firm's fifty day simple moving average is $4.67 and its 200 day simple moving average is $6.94. The stock has a market cap of $610.08 million, a P/E ratio of -0.45 and a beta of 1.75. Xerox Holdings Co. has a 12-month low of $3.45 and a 12-month high of $14.81. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61.
Xerox (NYSE:XRX - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share 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%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. As a group, research analysts anticipate that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Xerox
Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. increased its stake in shares of Xerox by 5.9% in the 4th quarter. Invesco Ltd. now owns 1,706,086 shares of the information technology services provider's stock valued at $14,382,000 after purchasing an additional 94,779 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Xerox by 1.3% in the 4th 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. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Xerox by 12.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 476,266 shares of the information technology services provider's stock valued at $4,015,000 after purchasing an additional 52,104 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Xerox by 8.2% in the 4th quarter. Empowered Funds LLC now owns 606,748 shares of the information technology services provider's stock valued at $5,115,000 after purchasing an additional 46,212 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Xerox by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,812,102 shares of the information technology services provider's stock valued at $15,276,000 after purchasing an additional 92,495 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen cut Xerox from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $9.50.
Check Out Our Latest Stock Report on XRX
Xerox Company Profile
(
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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.
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