Xerox Holdings Co. (NYSE:XRX) SVP Sells $183,612.00 in Stock

Xerox Holdings Co. (NYSE:XRXGet Rating) SVP Naresh Shanker sold 10,700 shares of the business’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $17.16, for a total value of $183,612.00. Following the transaction, the senior vice president now owns 11,094 shares in the company, valued at approximately $190,373.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Xerox stock traded up $1.01 during midday trading on Tuesday, hitting $18.53. The company had a trading volume of 76,165 shares, compared to its average volume of 2,988,039. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.02 and a current ratio of 1.21. The stock has a market capitalization of $2.87 billion, a P/E ratio of 14.76 and a beta of 1.67. The company has a 50 day moving average of $18.79 and a 200 day moving average of $20.22. Xerox Holdings Co. has a 52-week low of $16.07 and a 52-week high of $25.53.

Xerox (NYSE:XRXGet Rating) last posted its quarterly earnings results on Thursday, April 21st. The information technology services provider reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.24). The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Xerox had a positive return on equity of 4.85% and a negative net margin of 7.86%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 EPS. Equities research analysts forecast that Xerox Holdings Co. will post 1.26 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 2nd. Investors of record on Thursday, March 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.00 annualized dividend and a dividend yield of 5.40%. Xerox’s payout ratio is currently -29.33%.

A number of brokerages recently issued reports on XRX. StockNews.com began coverage on Xerox in a report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley reduced their target price on Xerox from $15.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, April 22nd. Zacks Investment Research downgraded Xerox from a “buy” rating to a “strong sell” rating and set a $15.00 target price on the stock. in a report on Tuesday, April 26th. Citigroup reduced their target price on Xerox from $17.00 to $15.00 and set a “sell” rating on the stock in a report on Friday, April 22nd. Finally, TheStreet downgraded Xerox from a “b” rating to a “c” rating in a report on Tuesday, January 25th. Three research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. According to data from MarketBeat, Xerox currently has an average rating of “Sell” and an average price target of $14.33.

Several institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp grew its stake in shares of Xerox by 17.3% in the 1st quarter. Fifth Third Bancorp now owns 3,676 shares of the information technology services provider’s stock worth $74,000 after buying an additional 542 shares during the last quarter. Voya Investment Management LLC lifted its position in Xerox by 2.6% in the 3rd quarter. Voya Investment Management LLC now owns 25,833 shares of the information technology services provider’s stock valued at $521,000 after acquiring an additional 663 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in Xerox by 81.1% in the 4th quarter. TCI Wealth Advisors Inc. now owns 1,612 shares of the information technology services provider’s stock valued at $36,000 after acquiring an additional 722 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Xerox by 73.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,278 shares of the information technology services provider’s stock valued at $52,000 after acquiring an additional 962 shares in the last quarter. Finally, Value Holdings Management CO. LLC lifted its position in Xerox by 0.7% in the 4th quarter. Value Holdings Management CO. LLC now owns 148,500 shares of the information technology services provider’s stock valued at $3,363,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 87.00% of the company’s stock.

Xerox Company Profile (Get Rating)

Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the United States, Europe, Canada, and internationally. It offers workplace solutions, including desktop monochrome, and color and multifunction printers; digital printing presses and light production devices, and solutions; and digital services that leverage workflow automation, personalization and communication software, content management solutions, and digitization services.

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