As of the 4th quarter of the year, First Trust Advisors LP has upped its stake in Xerox Holdings Co. by an impressive 12.3%. According to their latest disclosure with the Securities and Exchange Commission, First Trust Advisors LP now owns approximately 0.34% of the company’s stock after buying an additional 58,727 shares during the period. This brings their current holdings to a commendable 536,422 shares, worth $7,832,000 at the end of the most recent quarter.
In other news related to Xerox Holdings Co., Executive Vice President Jacques-Edouard Gueden sold off around 10,000 shares on Wednesday, April 26th for a total value of $156,100.00. The sale closed at an average price of $15.61 per share and resulted in Gueden currently owning about 28,125 shares in the company valued at approximately $439,031.25. The transaction was disclosed through a filing with the SEC that is accessible via their official website.
Shares of NYSE XRX opened at $13.93 on Friday with a market capitalization of $2.19 billion and a price-to-earnings ratio (P/E) of 8.42 and beta score of 1.67 respectively. Over the past twelve months, Xerox Holdings Co.’s lowest recorded stock value is at $11.80 while its highest was at $19.40.
The information technology services provider has reported a current ratio of 1.26 as well as quick ratio of .96 alongside its debt-to-equity ratio set at .79 which signifies that it is financially competent with regards to meeting short-term financing demands from investors or creditors alike.
Despite all this information available regarding Xerox Holdings Co., it would be prudent for interested parties to do further research before coming up with an investment strategy as it is always better to be thorough and have a clearer understanding of the business.
Investors and Analysts React to Xerox Holdings Co.’s Fluctuations in Stock Positions and Earnings
Xerox Holdings Co. has been experiencing fluctuations in the positions of large investors, according to recent reports. Ronald Blue Trust Inc. recently disclosed an increase of 55.4% in its stake during the fourth quarter, now owning 1,873 shares valued at $25,000 after adding an extra 668 shares in the last quarter. Meanwhile, Quadrant Capital Group LLC raised its position in Xerox by 654.8% during the third quarter which made it grow to own 2,219 shares worth $29,000 after purchasing an extra 1,925 shares in the same period.
Further reports show that institutional investors and hedge funds control a majority stake of Xerox by approximately 81.66%. Several equity research analysts have also commented on the company’s status with varying recommendations and ratings ranging from “buy” to “reduce”. StockNews.com which issued a report on May 18th pegged Xerox with a “buy” rating while TheStreet raised their rating from d+ to c- indicating a better outlook for the firm.
In related news, the company’s EVP Jacques-Edouard Gueden recently sold off business stock valued at $156,100.00 which totalled 10,000 shares traded at an average rate of $15.61 per share. Following this sale deed executed by EVP Jacques-Edouard Gueden regarding their selling of company stock in April this year, he maintains around 28,125 shares valued at over $439k.
Xerox posted revenue earnings for Q1 on April 25th that showed them exceeding analyst estimates as they recorded EPS of $0.49 against $0.21 beating analyst consensus estimate targets by almost half dollar value representing a net margin increase to positive positions compared to the previous year where it was negative but had positive return and earnings per share values.
With regards to its dividend payments into shareholders accounts; they recently announced a quarterly dividend which will be paid on Monday, July 31st with investors of record on Friday, June 30th being issued $0.25 per share in dividends representing a 7.18% yield of the total $1.00 annualized dividend payout ratio for Xerox Holdings Co.
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