Stocks of Xerox Holdings Corp (NASDAQ:XRX) traded higher last session on Wall Street, down -3.70% to $12.10.
According to the data, Xerox Holdings Corp (NASDAQ:XRX) has 7 analysts covering its stock. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $12.00, we find $13.95. Given the previous closing price of $12.56, this indicates a potential upside of 11.07 percent. XRX stock price is now -21.79% away from the 50-day moving average and -21.70% away from the 200-day moving average. The market capitalization of the company currently stands at $1.90B.
A total of 4 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $13.98 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 Corp (NASDAQ: XRX).
In other news, ICAHN CARL C, 10% Owner sold 34,245,314 shares of the company’s stock on Sep 28. The stock was sold for $542,445,774 at an average price of $15.84. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05, EVP & CHRO Morno-Wade Suzan sold 9,126 shares of the business’s stock. A total of $152,898 was realized by selling the stock at an average price of $16.75. This leaves the insider owning 46,323 shares of the company worth $0.56 million. Insiders disposed of 382,713 shares of company stock worth roughly $4.63 million over the past 1 year. A total of 5.75% 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 Corp shares was purchased by ROYCE & ASSOCIATES LP during the first quarter worth $5,041,000. ARTEMIS INVESTMENT MANAGEMENT LLP invested $4,386,000 in shares of XRX during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in Xerox Holdings Corp valued at approximately $2,589,000. ASSET MANAGEMENT ONE CO., LTD. acquired a new stake in XRX for approximately $631,000. WALLEYE CAPITAL LLC purchased a new stake in XRX valued at around $599,000 in the second quarter. In total, there are 446 active investors with 64.38% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $12.62 for Xerox Holdings Corp (NASDAQ: XRX). During the past 12 months, Xerox Holdings Corp has had a low of $11.80 and a high of $18.00. As of last week, the company has a debt-to-equity ratio of 1.20, a current ratio of 1.12, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $4.56B, which is based on a 11.42 price-to-earnings ratio, a 1.66 price-to-earnings-growth ratio, and a beta of 1.75. The fifty day moving average price for XRX is $15.40 and a two-hundred day moving average price translates $15.43 for the stock.
The latest earnings results from Xerox Holdings Corp (NASDAQ: XRX) was released for Sep, 2023. According to the Information Technology Services Company, earnings per share came in at $0.44, beating analysts’ expectations of $0.3 by 0.14. This compares to -$0.03 EPS in the same period last year. The net profit margin was 2.35% and return on equity was 5.57% for XRX. The company reported revenue of $1.75 billion for the quarter, compared to $1.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.4 percent. For the current quarter, analysts expect XRX to generate $1.71B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/31/2024. Investors who held shares on 12/29/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.04 dividend and a 8.64% percent yield. There was an ex-dividend date of 12/28/2023 for this dividend.
Xerox Holdings Corp(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.
