Xerox Holdings Co. Declares Quarterly Dividend of $0.25 (NYSE:XRX)

Xerox Holdings Co. (NYSE:XRXGet Rating) announced a quarterly dividend on Thursday, May 19th, RTT News reports. Shareholders of record on Thursday, June 30th will be paid a dividend of 0.25 per share by the information technology services provider on Monday, August 1st. This represents a $1.00 annualized dividend and a yield of 5.80%.

Xerox has decreased its dividend payment by an average of 2,500.0% annually over the last three years.

Shares of XRX stock traded down $0.29 during trading hours on Thursday, hitting $17.24. 1,637,774 shares of the company were exchanged, compared to its average volume of 2,550,588. The business has a 50 day moving average of $18.76 and a two-hundred day moving average of $20.19. The company has a current ratio of 1.21, a quick ratio of 1.02 and a debt-to-equity ratio of 0.67. Xerox has a 52 week low of $16.07 and a 52 week high of $25.53. The company has a market capitalization of $2.67 billion, a PE ratio of -5.03 and a beta of 1.68.

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

Several research analysts recently commented on XRX shares. TheStreet cut shares of Xerox from a “b” rating to a “c” rating in a report on Tuesday, January 25th. Morgan Stanley cut their price target on shares of Xerox from $15.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, April 22nd. StockNews.com assumed coverage on shares of Xerox in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of Xerox from a “buy” rating to a “strong sell” rating and set a $15.00 price objective on the stock. in a research report on Tuesday, April 26th. Finally, Citigroup dropped their price objective on shares of Xerox from $17.00 to $15.00 and set a “sell” rating on the stock in a research report on Friday, April 22nd. Three research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Sell” and a consensus price target of $14.33.

In other news, major shareholder Carl C. Icahn bought 783,900 shares of the firm’s stock in a transaction on Monday, April 25th. The shares were purchased at an average cost of $17.17 per share, with a total value of $13,459,563.00. Following the acquisition, the insider now directly owns 34,245,314 shares in the company, valued at $587,992,041.38. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Carl C. Icahn purchased 1,346,523 shares of Xerox stock in a transaction dated Friday, April 22nd. The stock was bought at an average price of $16.96 per share, for a total transaction of $22,837,030.08. Following the completion of the purchase, the insider now owns 33,461,414 shares in the company, valued at approximately $567,505,581.44. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Captrust Financial Advisors boosted its position in Xerox by 34.7% during the 1st quarter. Captrust Financial Advisors now owns 5,521 shares of the information technology services provider’s stock worth $113,000 after buying an additional 1,422 shares during the period. Covestor Ltd boosted its position in Xerox by 36.3% during the 1st quarter. Covestor Ltd now owns 6,575 shares of the information technology services provider’s stock worth $133,000 after buying an additional 1,751 shares during the period. US Bancorp DE boosted its position in Xerox by 24.4% during the 1st quarter. US Bancorp DE now owns 8,232 shares of the information technology services provider’s stock worth $167,000 after buying an additional 1,615 shares during the period. Cetera Investment Advisers acquired a new position in shares of Xerox in the 4th quarter worth approximately $213,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Xerox in the 1st quarter worth approximately $241,000. Institutional investors and hedge funds own 87.00% of the company’s stock.

About Xerox (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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Dividend History for Xerox (NYSE:XRX)

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