The stock of Xerox Holdings Corporation (NASDAQ:XRX) last traded at $15.10, up 3.07% from the previous session.
Data from the available sources indicates that Xerox Holdings Corporation (NASDAQ:XRX) is covered by 7 analysts. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $9.00, we find $14.50. Given the previous closing price of $14.65, this indicates a potential downside of -1.02 percent. XRX stock price is now 2.68% away from the 50-day moving average and -0.99% away from the 200-day moving average. The market capitalization of the company currently stands at $2.30B.
In total, 4 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $13.75 as their price target over the next twelve months.
With the price target of $14, Credit Suisse recently initiated with Underperform rating for Xerox Holdings Corporation (NASDAQ: XRX).
In other news, Morno-Wade Suzan, EVP & CHRO sold 11,000 shares of the company’s stock on Jun 14. The stock was sold for $175,615 at an average price of $15.96. Upon completion of the transaction, the EVP & CHRO now directly owns 61,429 shares in the company, valued at $0.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 26, Executive Vice President Gueden Jacques-Edouard sold 10,000 shares of the business’s stock. A total of $156,100 was realized by selling the stock at an average price of $15.61. This leaves the insider owning 28,125 shares of the company worth $0.42 million. Insiders disposed of 137,185 shares of company stock worth roughly $2.07 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in XRX stock. A new stake in Xerox Holdings Corporation shares was purchased by WOODLINE PARTNERS LP during the first quarter worth $5,832,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $3,835,000 in shares of XRX during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Xerox Holdings Corporation valued at approximately $3,391,000. JUMP FINANCIAL, LLC acquired a new stake in XRX for approximately $2,686,000. GSA CAPITAL PARTNERS LLP purchased a new stake in XRX valued at around $1,798,000 in the second quarter. In total, there are 430 active investors with 84.50% ownership of the company’s stock.
With an opening price of $14.72 on Friday morning, Xerox Holdings Corporation (NASDAQ: XRX) set off the trading day. During the past 12 months, Xerox Holdings Corporation has had a low of $11.80 and a high of $19.40. As of last week, the company has a debt-to-equity ratio of 0.95, a current ratio of 1.30, and a quick ratio of 1.00. The fifty day moving average price for XRX is $14.70 and a two-hundred day moving average price translates $15.24 for the stock.
The latest earnings results from Xerox Holdings Corporation (NASDAQ: XRX) was released for Mar, 2023. According to the Information Technology Services Company, earnings per share came in at $0.49, beating analysts’ expectations of $0.17 by 0.32. This compares to -$0.36 EPS in the same period last year. The net profit margin was -2.90% and return on equity was -6.00% for XRX. The company reported revenue of $1.72 billion for the quarter, compared to $1.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.82 percent. For the current quarter, analysts expect XRX to generate $1.76B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/31/2023. Investors who held shares on 06/30/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 6.62% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend.
Xerox Holdings Corporation(XRX) Company Profile
Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the Americas, Europe, the Middle East, Africa, India, 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. The company also provides graphic communications and production solutions; and IT services, end user computing devices, network infrastructure, communications technology, and a range of managed IT solutions, such as technology product support, professional engineering, and commercial robotic process automation; and provides finance for the sale of Xerox, non-Xerox office, and IT services equipment. In addition, it provides FreeFlow a portfolio of software solutions for the automation and integration to the processing of print job comprises file preparation, final production, and electronic publishing. Further, the company sells paper products and wide-format systems, licensing, as well as standalone software such as CareAR, DocuShare, and XMPie. The company sells its products and services directly to its customers through its direct sales force, as well as through independent agents, dealers, value-added resellers, systems integrators, and e-commerce marketplaces. Xerox Holdings Corporation was founded in 1906 and is headquartered in Norwalk, Connecticut.
