Xerox Holdings Co. (NYSE:XRX - Get Free Report) was the target of some unusual options trading on Wednesday. Traders acquired 1,689 put options on the company. This is an increase of approximately 1,369% compared to the average daily volume of 115 put options.
Xerox Price Performance
Shares of XRX traded down $0.18 during trading hours on Friday, reaching $5.16. 2,895,089 shares of the company's stock traded hands, compared to its average volume of 3,067,173. The stock has a market cap of $649.08 million, a PE ratio of -0.48 and a beta of 1.81. The company has a current ratio of 1.11, a quick ratio of 0.84 and a debt-to-equity ratio of 2.61. The firm's 50 day simple moving average is $4.78 and its 200-day simple moving average is $6.68. Xerox has a 12 month low of $3.45 and a 12 month high of $13.93.
Xerox (NYSE:XRX - Get Free Report) last issued its earnings results on Thursday, May 1st. The information technology services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%. Xerox's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. Equities analysts expect that Xerox will post 1.07 EPS for the current year.
Xerox Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 1.94%. The ex-dividend date is Monday, June 30th. Xerox's dividend payout ratio is currently -0.95%.
Insider Buying and Selling at Xerox
In other Xerox news, CEO Steven John Bandrowczak purchased 22,300 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $4.48 per share, for a total transaction of $99,904.00. Following the transaction, the chief executive officer now owns 382,442 shares in the company, valued at $1,713,340.16. The trade was a 6.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director A. Scott Letier purchased 25,000 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $4.43 per share, with a total value of $110,750.00. Following the transaction, the director now owns 29,384 shares in the company, valued at approximately $130,171.12. The trade was a 570.26% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 82,300 shares of company stock valued at $364,254 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.
Institutional Trading of Xerox
Several hedge funds and other institutional investors have recently bought and sold shares of XRX. Federated Hermes Inc. boosted its stake in Xerox by 2,035.4% in the first quarter. Federated Hermes Inc. now owns 3,682,002 shares of the information technology services provider's stock worth $17,784,000 after buying an additional 3,509,574 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its position in Xerox by 2,392.4% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,246,200 shares of the information technology services provider's stock valued at $6,019,000 after purchasing an additional 1,196,200 shares during the last quarter. Marshall Wace LLP lifted its position in Xerox by 397.5% in the fourth quarter. Marshall Wace LLP now owns 1,378,215 shares of the information technology services provider's stock valued at $11,618,000 after purchasing an additional 1,101,171 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Xerox by 2,846.8% in the fourth quarter. Point72 Asset Management L.P. now owns 1,128,973 shares of the information technology services provider's stock valued at $9,517,000 after purchasing an additional 1,090,661 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Xerox in the first quarter valued at approximately $4,765,000. Hedge funds and other institutional investors own 85.36% of the company's stock.
About Xerox
(
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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