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

Xerox Holdings Corp (NASDAQ: XRX) is -3.06% lower on its value in year-to-date trading and has touched a low of $12.06 and a high of $19.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The XRX stock was last observed hovering at around $17.80 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $17.77, the stock is 3.03% and -0.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.88 million and changing -0.17% at the moment leaves the stock 11.31% off its SMA200. XRX registered 19.74% gain for a year compared to 6-month gain of 13.26%. The firm has a 50-day simple moving average (SMA 50) of $0.78 and a 200-day simple moving average (SMA200) of $18.42.

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The stock witnessed a -7.88% loss in the last 1 month and extending the period to 3 months gives it a -3.06%, and is 1.54% 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 1.86% over the week and 2.83% over the month.

Xerox Holdings Corp (XRX) has around 20100 employees, a market worth around $2.21B and $6.89B in sales. Fwd P/E is 7.45. Profit margin for the company is -0.19%. Distance from 52-week low is 47.35% and -10.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.23%).

Xerox Holdings Corp quarterly earnings per share for the current quarter are estimated at $0.35 with sales reaching $1.53B over the same period.The EPS is expected to grow by 16.21% this year, but quarterly earnings will post -4.30% year-over-year. Quarterly sales are estimated to shrink -11.00% in year-over-year returns.

Xerox Holdings Corp (XRX) Top Institutional Holders

431 institutions hold shares in Xerox Holdings Corp (XRX), with institutional investors hold 95.41% of the company’s shares. The shares outstanding are 123.14M, and float is at 113.70M with Short Float at 10.66%. Institutions hold 88.46% of the Float.

The top institutional shareholder in the company is Icahn Carl C with over 34.25 million shares valued at $509.91 million. The investor’s holdings represent 19.19% of the XRX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 16.39 million shares valued at $244.07 million to account for 9.18% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 14.33 million shares representing 8.03% and valued at over $213.32 million, while Dimensional Fund Advisors LP holds 5.05% of the shares totaling 9.0 million with a market value of $134.08 million.

Xerox Holdings Corp (XRX) Insider Activity

The most recent transaction is an insider sale by ICAHN CARL C,the company’s10% Owner. SEC filings show that ICAHN CARL C sold 34,245,314 shares of the company’s common stock on Sep 28 ’23 at a price of $15.84 per share for a total of $542.45 million. Following the sale, the insider now owns 0.0 shares.

Xerox Holdings Corp disclosed in a document filed with the SEC on Sep 05 ’23 that Morno-Wade Suzan (EVP & CHRO) sold a total of 9,126 shares of the company’s common stock. The trade occurred on Sep 05 ’23 and was made at $16.75 per share for $0.15 million. Following the transaction, the insider now directly holds 46323.0 shares of the XRX stock.

Still, SEC filings show that on Aug 09 ’23, BANDROWCZAK STEVEN JOHN (Chief Executive Officer) disposed off 135,000 shares at an average price of $15.53 for $2.1 million. The insider now directly holds 110,557 shares of Xerox Holdings Corp (XRX).

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