1 day Ago By ABMN Staff
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 stock.
This represents an increase of 1,369% compared to the average volume of 115 put options. Xerox Price Performance Xerox stock opened at $10.56 on Thursday.
Xerox has a 52-week low of $9.51 and a 52-week high of $19.78.
The company’s 50 day moving average is $10.68 and its two-hundred day moving average is $13.39.
The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 1.
34. The firm has a market cap of $1.31 billion, a PE ratio of -6.
73 and a beta of 1.57. Xerox ( NYSE:XRX – Get Free Report ) last announced its quarterly earnings data on Thursday, July 25th.
The information technology services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.
14). Xerox had a negative net margin of 1.60% and a positive return on equity of 7.
33%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.
60 billion. During the same period in the prior year, the company posted $0.44 earnings per share.
The company’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, research analysts expect that Xerox will post 1.
79 EPS for the current fiscal year. Xerox Dividend Announcement Institutional Investors Weigh In On Xerox A number of large investors have recently modified their holdings of XRX. Vanguard Group Inc.
grew its position in shares of Xerox by 1.2% in the 4th quarter. Vanguard Group Inc.
now owns 15,981,297 shares of the information technology services provider’s stock valued at $292,937,000 after buying an additional 190,034 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Xerox by 10.
7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,587,041 shares of the information technology services provider’s stock valued at $29,090,000 after buying an additional 153,144 shares during the last quarter.
Allianz Asset Management GmbH grew its position in shares of Xerox by 1.5% in the 4th quarter. Allianz Asset Management GmbH now owns 1,044,971 shares of the information technology services provider’s stock valued at $19,154,000 after buying an additional 15,408 shares during the last quarter.
Bridgeway Capital Management LLC grew its position in shares of Xerox by 3.5% in the 1st quarter. Bridgeway Capital Management LLC now owns 986,682 shares of the information technology services provider’s stock valued at $17,662,000 after buying an additional 33,590 shares during the last quarter.
Finally, Intrinsic Edge Capital Management LLC purchased a new position in shares of Xerox in the 4th quarter valued at $14,832,000. 85.36% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Several equities analysts have recently commented on XRX shares. StockNews.com upgraded shares of Xerox from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.
Citigroup began coverage on shares of Xerox in a report on Friday, June 28th. They set a “sell” rating and a $11.00 target price on the stock.
Finally, Loop Capital reduced their target price on shares of Xerox from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th.
Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.
75. View Our Latest Stock Analysis on Xerox Xerox Company Profile ( Get Free Report ) 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.
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