Xerox Holdings Co. (NYSE:XRX - Get Free Report)'s share price rose 7.4% during mid-day trading on Tuesday . The company traded as high as $5.68 and last traded at $5.73. Approximately 596,216 shares traded hands during trading, a decline of 80% from the average daily volume of 3,027,021 shares. The stock had previously closed at $5.33.
Xerox Stock Down 3.7%
The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The firm has a market cap of $702.54 million, a price-to-earnings ratio of -0.52 and a beta of 1.81. The firm has a 50-day moving average of $4.70 and a two-hundred day moving average of $6.76.
Xerox (NYSE:XRX - Get Free Report) last posted its quarterly earnings results 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 company's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. As a group, sell-side analysts predict that Xerox Holdings Co. will post 1.07 earnings per share for the current fiscal year.
Xerox Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a yield of 1.79%. Xerox's payout ratio is -0.95%.
Insider Activity
In other Xerox news, Director A. Scott Letier purchased 25,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average cost of $4.43 per share, for a total transaction of $110,750.00. Following the purchase, the director now owns 29,384 shares of the company's stock, valued at $130,171.12. This represents a 570.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mirlanda Gecaj acquired 10,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of $4.41 per share, with a total value of $44,100.00. Following the acquisition, the chief financial officer now directly owns 15,956 shares of the company's stock, valued at $70,365.96. This represents a 167.90% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 82,300 shares of company stock valued at $364,254. Company insiders own 0.30% of the company's stock.
Institutional Trading of Xerox
A number of institutional investors have recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in Xerox by 5.9% in the 4th quarter. Invesco Ltd. now owns 1,706,086 shares of the information technology services provider's stock worth $14,382,000 after acquiring an additional 94,779 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Xerox by 1.3% during 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 during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Xerox by 12.3% in the fourth 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 acquiring an additional 52,104 shares during the period. Empowered Funds LLC boosted its position in shares of Xerox by 8.2% during the fourth quarter. Empowered Funds LLC now owns 606,748 shares of the information technology services provider's stock valued at $5,115,000 after buying an additional 46,212 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Xerox by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,812,102 shares of the information technology services provider's stock worth $15,276,000 after purchasing an additional 92,495 shares during the period. Hedge funds and other institutional investors own 85.36% of the company's stock.
Xerox Company Profile
(
Get Free Report)
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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