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Xerox Holdings Corporation (XRX) Stock Could Soon Reward Patient Investors

Xerox Holdings Corporation (NASDAQ: XRX) is 16.78% higher on its value in year-to-date trading and has touched a low of $11.80 and a high of $23.25 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The XRX stock was last observed hovering at around $17.01 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $17.05, the stock is 8.44% and 9.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.4 million and changing 0.24% at the moment leaves the stock 4.68% off its SMA200. XRX registered -23.95% loss for a year compared to 6-month loss of 7.23%.

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The stock witnessed a 15.91% gain in the last 1 month and extending the period to 3 months gives it a 11.88%, and is 1.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.71% over the week and 2.91% over the month.

Xerox Holdings Corporation (XRX) has around 21200 employees, a market worth around $2.58B and $6.94B in sales. Fwd P/E is 8.79. Profit margin for the company is -16.30%. Distance from 52-week low is 44.49% and -26.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.60%).

Xerox Holdings Corporation is expected to release its quarterly report on 04/20/2023.The EPS is expected to shrink by -404.10% this year.

Xerox Holdings Corporation (XRX) Top Institutional Holders

The shares outstanding are 155.70M, and float is at 145.45M with Short Float at 4.66%.

Xerox Holdings Corporation (XRX) Insider Activity

A total of 12 insider transactions have happened at Xerox Holdings Corporation (XRX) in the last six months, with sales accounting for 7 and purchases happening 5 times. The most recent transaction is an insider purchase by Palau Hernandez Margarita,the company’sDirector. SEC filings show that Palau Hernandez Margarita bought 10,000 shares of the company’s common stock on Nov 29 at a price of $15.55 per share for a total of $0.16 million. Following the purchase, the insider now owns 15500.0 shares.

Xerox Holdings Corporation disclosed in a document filed with the SEC on May 13 that Shanker Naresh (SVP, Chief Technology Officer) sold a total of 10,700 shares of the company’s common stock. The trade occurred on May 13 and was made at $17.16 per share for $0.18 million. Following the transaction, the insider now directly holds 11094.0 shares of the XRX stock.

Still, SEC filings show that on Apr 25, ICAHN CARL C (10% Owner) acquired 783,900 shares at an average price of $17.17 for $13.46 million. The insider now directly holds 34,245,314 shares of Xerox Holdings Corporation (XRX).

Xerox Holdings Corporation (XRX): Who are the competitors?

The company’s main competitors (and peers) include International Business Machines Corporation (IBM) that is trading 8.44% up over the past 12 months and HP Inc. (HPQ) that is -20.80% lower over the same period.

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