Stock Traders Buy High Volume of Xerox Put Options (NYSE:XRX)

Xerox Holdings Co. (NYSE:XRX - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 1,689 put options on the company. This is an increase of approximately 1,369% compared to the typical daily volume of 115 put options.

Xerox Stock Down 1.0%

NYSE:XRX traded down $0.05 on Friday, reaching $4.85. 3,788,253 shares of the stock traded hands, compared to its average volume of 3,002,871. 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 company has a market capitalization of $610.08 million, a price-to-earnings ratio of -0.45 and a beta of 1.75. Xerox has a 12 month low of $3.45 and a 12 month high of $14.81. The company's fifty day simple moving average is $4.67 and its 200 day simple moving average is $6.94.

Xerox (NYSE:XRX - Get Free Report) last announced 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 positive return on equity of 7.57% and a negative net margin of 21.24%. During the same quarter in the previous year, the business earned $0.06 earnings per share. The company's revenue was down 3.0% compared to the same quarter last year. Equities analysts predict that Xerox will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Xerox from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $9.50.

Insider Transactions at Xerox

In other Xerox news, CEO Steven John Bandrowczak bought 22,300 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were bought 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 directly owns 382,442 shares in the company, valued at $1,713,340.16. This trade represents a 6.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mirlanda Gecaj acquired 10,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $4.41 per share, for a total transaction of $44,100.00. Following the acquisition, the chief financial officer now owns 15,956 shares of the company's stock, valued at approximately $70,365.96. This trade represents a 167.90% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 82,300 shares of company stock valued at $364,254 in the last quarter. Insiders own 1.50% of the company's stock.

Institutional Trading of Xerox

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. boosted its position in shares of Xerox by 5.9% during 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 buying an additional 94,779 shares during the last quarter. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 199,598 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Xerox by 12.3% during 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 acquiring an additional 52,104 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Xerox by 8.2% in the fourth quarter. Empowered Funds LLC now owns 606,748 shares of the information technology services provider's stock worth $5,115,000 after acquiring an additional 46,212 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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 acquiring an additional 92,495 shares during the period. Institutional investors own 85.36% of the company's stock.

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.