Xerox Holdings Corporation (XRX)
Why Is Xerox (XRX) Down 3.1% Since Last Earnings Report?
Xerox (XRX) reported earnings 30 days ago. What's next for the stock?
National Bank of Canada FI Has $48,000 Position in Xerox Holdings Co. (NYSE:XRX)
National Bank of Canada FI lessened its holdings in Xerox Holdings Co. (NYSE:XRX – Free Report) by 34.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,645 shares of the information technology services provider’s stock after selling 1,410 shares during the period. National Bank of Canada FI’s holdings in Xerox were worth $48,000 as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Xerox by 10.2% during the 3rd quarter. Vanguard Group Inc. now owns 15,791,263 shares of the information technology services provider’s stock worth $247,765,000 after buying an additional 1,464,851 shares during the last quarter. LSV Asset Management raised its holdings in Xerox by 4.5% in the 3rd quarter. LSV Asset Management now owns 6,240,257 shares of the information technology services provider’s stock valued at $97,910,000 after acquiring an additional 271,302 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Xerox by 43.0% during the third quarter. AQR Capital Management LLC now owns 1,766,610 shares of the information technology services provider’s stock worth $27,718,000 after acquiring an additional 531,173 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Xerox by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,433,897 shares of the information technology services provider’s stock worth $22,498,000 after acquiring an additional 128,227 shares during the period. Finally, Invesco Ltd. grew its position in shares of Xerox by 65.2% in the third quarter. Invesco Ltd. now owns 1,281,942 shares of the information technology services provider’s stock valued at $20,114,000 after purchasing an additional 506,117 shares during the last quarter. Institutional investors and hedge funds own 85.36% of the company’s stock. Xerox Stock Down 0.5 % NYSE XRX opened at $13.95 on Monday. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -8.89 and a beta of 1.61. Xerox Holdings Co. has a 1-year low of $12.06 and a 1-year high of $19.78. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 1.34. The company has a 50 day moving average of $15.80 and a 200-day moving average of $16.32. Xerox (NYSE:XRX – Get Free Report) last released its earnings results on Tuesday, April 23rd. The information technology services provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.29). Xerox had a negative net margin of 2.74% and a positive return on equity of 7.77%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The business’s revenue was down 12.8% compared to the same quarter last year. On average, equities research analysts expect that Xerox Holdings Co. will post 2.09 earnings per share for the current fiscal year. Xerox Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.17%. The ex-dividend date was Wednesday, March 27th. Xerox’s dividend payout ratio is currently -63.69%. Analyst Upgrades and Downgrades Several research firms recently issued reports on XRX. StockNews.com downgraded Xerox from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Xerox from $18.00 to $17.00 and set an “underweight” rating for the company in a research report on Wednesday, April 24th. View Our Latest Research Report on XRX Xerox Company Profile (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. See Also Five stocks we like better than Xerox How to Start Investing in Real Estate MarketBeat Week in Review – 5/13 – 5/17 With Risk Tolerance, One Size Does Not Fit All Take-Two Interactive Software Offers 2nd Chance for Investors What is the Dow Jones Industrial Average (DJIA)? Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook
