Xerox Target of Unusually Large Options Trading (NYSE:XRX)

Xerox Holdings Co. (NYSE:XRXGet Free Report) saw some unusual options trading activity on Wednesday. Investors acquired 1,689 put options on the stock. This is an increase of approximately 1,369% compared to the average daily volume of 115 put options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Xerox by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 15,981,297 shares of the information technology services provider’s stock valued at $292,937,000 after acquiring an additional 190,034 shares during the period. BlackRock Inc. grew its position in shares of Xerox by 15.1% during the first quarter. BlackRock Inc. now owns 15,540,136 shares of the information technology services provider’s stock valued at $239,318,000 after purchasing an additional 2,033,262 shares in the last quarter. LSV Asset Management grew its position in shares of Xerox by 4.5% during the third quarter. LSV Asset Management now owns 6,240,257 shares of the information technology services provider’s stock valued at $97,910,000 after purchasing an additional 271,302 shares in the last quarter. State Street Corp grew its position in shares of Xerox by 1.1% during the first quarter. State Street Corp now owns 4,790,757 shares of the information technology services provider’s stock valued at $74,965,000 after purchasing an additional 52,043 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Xerox by 5.8% during the second quarter. Geode Capital Management LLC now owns 2,435,033 shares of the information technology services provider’s stock valued at $36,258,000 after purchasing an additional 133,551 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Xerox Trading Up 2.8 %

NYSE:XRX opened at $17.29 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.91 and a debt-to-equity ratio of 1.06. Xerox has a 12 month low of $12.06 and a 12 month high of $19.78. The company has a market cap of $2.15 billion, a PE ratio of -86.45 and a beta of 1.57. The company has a 50 day simple moving average of $17.72 and a two-hundred day simple moving average of $16.14.

Xerox (NYSE:XRXGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The information technology services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.09). The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Xerox had a return on equity of 9.41% and a net margin of 0.01%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 EPS. Research analysts forecast that Xerox will post 2.27 earnings per share for the current year.

Xerox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.78%. The ex-dividend date is Wednesday, March 27th. Xerox’s dividend payout ratio is presently -500.00%.

Analyst Ratings Changes

XRX has been the subject of several analyst reports. StockNews.com raised shares of Xerox from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. raised their price target on shares of Xerox from $16.00 to $18.00 and gave the company an “underweight” rating in a research report on Friday, January 26th.

View Our Latest Analysis on Xerox

About Xerox

(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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