Xerox (NYSE:XRX) Stock Price Up 7.4% – Should You Buy?

Xerox Holdings Co. (NYSE:XRX) traded up 7.4% during trading on Tuesday . The stock traded as high as $5.68 and last traded at $5.73. 596,216 shares were traded during trading, a decline of 80% from the average session volume of 3,027,021 shares. The stock had previously closed at $5.33.

Xerox Price Performance

The business’s fifty day moving average price is $4.67 and its 200 day moving average price is $6.77. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.11 and a quick ratio of 0.84. The stock has a market cap of $733.98 million, a P/E ratio of -0.54 and a beta of 1.81.

Xerox (NYSE:XRX) last issued its quarterly earnings data on Thursday, May 1st. The information technology services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. Sell-side analysts forecast that Xerox Holdings Co. will post 1.07 EPS for the current fiscal year.

Xerox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be issued a $0.025 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.10 dividend on an annualized basis and a yield of 1.71%. Xerox’s payout ratio is presently -0.95%.

Insider Buying and Selling at Xerox

In other Xerox news, CEO Steven John Bandrowczak acquired 22,300 shares of Xerox stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $4.48 per share, with a total value of $99,904.00. Following the completion of the purchase, the chief executive officer now directly owns 382,442 shares in the company, valued at $1,713,340.16. This trade represents a 6.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO John G. Bruno bought 25,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average cost of $4.38 per share, with a total value of $109,500.00. Following the completion of the transaction, the chief operating officer now owns 259,775 shares in the company, valued at $1,137,814.50. The trade was a 10.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 82,300 shares of company stock worth $364,254. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Xerox

Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in shares of Xerox in the 1st quarter worth approximately $479,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Xerox by 9.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,018 shares of the information technology services provider’s stock worth $2,898,000 after acquiring an additional 50,467 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Xerox by 2.1% in the 1st quarter. Empowered Funds LLC now owns 619,381 shares of the information technology services provider’s stock valued at $2,992,000 after purchasing an additional 12,633 shares during the period. Caxton Associates LLP bought a new stake in shares of Xerox during the 1st quarter valued at about $2,363,000. Finally, Goldman Sachs Group Inc. increased its holdings in Xerox by 37.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,575,229 shares of the information technology services provider’s stock worth $7,608,000 after purchasing an additional 431,349 shares in the last quarter. 85.36% of the stock is currently owned by institutional investors.

Xerox Company Profile

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.