BlackRock Fund Advisors has recently announced that it has increased stake in Xerox Holdings Corp (NASDAQ:XRX) by 27.24%. After grabbing 18.11 million shares, the institutional investor is now in possession of 3.88 million shares of the Technology Company. The new investment brought the stake of investor firm to 14.74% having worth around $253.4 million. Moreover, The Vanguard Group, Inc. increased its share by 1.48 million to have a control over 15.55 million shares. And Dimensional Fund Advisors LP raised its holdings to 0.25 million shares by acquiring 9.25 million shares or 7.53% of the stake.
Xerox Holdings Corp (XRX) concluded trading on 01/03/24 at a closing price of $15.84, with 4.56 million shares of worth about $72.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.39% during that period and on Wednesday the price saw a loss of about -12.15%. Currently the company’s common shares owned by public are about 155.78M shares, out of which, 113.63M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 66 times over the past 12 months. They bought 1,060,615 shares in 27 of the transactions. In 39 selling transactions, insiders dumped 34,707,709 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Xerox Holdings Corp iShares Core S&P Small Cap ETF is currently holding 7.57 million shares of worth totaling $105.92 million. The company recently came buying 3918.0 shares which brought its stake up to 6.16% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 6505.0 shares, after which its hold over company’s outstanding shares expand to 2.77%, leaving 3.4 million shares with the mutual fund that have a worth of about $47.55 million. iShares Russell 2000 ETF, after buying 2.86 million shares, have now control over 2.33% of the stake in the company. It holds 1404.0 shares of worth $39.99 million.
Xerox Holdings Corp (NASDAQ: XRX) started trading at $17.69, below -$0.34 from concluding price of the previous day. However, the stock later moved at a day high price of 17.69, or with a loss of -12.15%. Stock saw a price change of -15.79% in past 5 days and over the past one month there was a price change of 11.79%. Year-to-date (YTD), XRX shares are showing a performance of -13.58% which increased to 8.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.06 but also hit the highest price of $19.00 during that period. The average intraday trading volume for Xerox Holdings Corp shares is 2.15 million. The stock is currently trading -6.89% below its 20-day simple moving average (SMA20), while that difference is up 6.80% for SMA50 and it goes to 5.05% higher than SMA200.
BlackRock Fund Advisors acquired 18.11 million shares of Xerox Holdings Corp having value of about $253.4 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 3.88 million shares in the company valued at close to $61423401.6, or have control over 27.24% stake in the company. Xerox Holdings Corp (NASDAQ: XRX) currently have 155.78M outstanding shares and institutions hold larger chunk of about 84.97% of that. Holding of mutual funds in the company is about 34.80% while other institutional holders and individual stake holders have control over 50.76% and 29.36% of the stake respectively.
The stock has a current market capitalization of $1.95B and its 3Y-monthly beta is at 1.60. PE ratio of stock for trailing 12 months is 14.91, while it has posted earnings per share of $1.06 in the same period. Its PEG reads 2.17 and has Quick Ratio of 0.87 while making debt-to-equity ratio of 1.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for XRX, volatility over the week remained 3.82% while standing at 3.52% over the month.
Analysts are in expectations that Xerox Holdings Corp (XRX) stock would likely to be making an EPS of $0.53 in the current quarter, while forecast for next quarter EPS is $0.29 and it is $1.83 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.52 which is $0.54 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.89 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 67.86% while it is estimated to decrease by -2.84% in next year.
Analysts at 6 brokerage firms have issued recommendations for the Xerox Holdings Corp (XRX)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.83. Out of those 6 Wall Street analysts, 0 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on August 17, 2022 offering an Underperform rating for the stock and assigned a target price of $14 to it.
