Xerox Holdings Corporation [XRX] fell -2.72% so far this year. What now?

Xerox Holdings Corporation [NYSE: XRX] traded at a low on 07/16/21, posting a -3.26 loss after which it closed the day’ session at $22.56. The company report on June 3, 2021 that Xerox Acquires Document Systems to Grow Presence in U.S. SMB Market.

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Xerox has acquired Document Systems, a leading document solutions provider in Southern California.

“We’re focused on strengthening our U.S. small and midsize business (SMB) market reach through the combined power of our portfolio of workplace solutions for SMBs and well-established local technology providers,” said Joanne Collins Smee, chief commercial, SMB and channels officer at Xerox. “As part of Xerox Business Solutions (XBS), Document Systems’ document management expertise will help us elevate the customer experience, improve productivity and power growth for SMBs.”.

The results of the trading session contributed to over 2179321 shares changing hands. Over the past one week, the price volatility of Xerox Holdings Corporation stands at 2.59% while the volatility over the past one month is 2.68%.

The market cap for XRX stock reached $4.48 billion, with 195.99 million shares outstanding and 181.09 million shares in the current float. Compared to the average trading volume of 2.18M shares, XRX reached a trading volume of 2179321 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Xerox Holdings Corporation [XRX]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for XRX shares is $19.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on XRX stock is a recommendation set at 3.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Xerox Holdings Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on February 04, 2021. While these analysts kept the previous recommendation, Credit Suisse dropped their target price from $23 to $20. The new note on the price target was released on January 27, 2021, representing the official price target for Xerox Holdings Corporation stock. Previously, the target price had yet another raise to $17, while Cross Research analysts kept a Sell rating on XRX stock.

The Average True Range (ATR) for Xerox Holdings Corporation is set at 0.66, with the Price to Sales ratio for XRX stock in the period of the last 12 months amounting to 0.65. The Price to Book ratio for the last quarter was 0.82, with the Price to Cash per share for the same quarter was set at 11.99. Price to Free Cash Flow for XRX in the course of the last twelve months was 17.15 with Quick ratio for the last quarter at 1.70.

How has XRX stock performed recently?

Xerox Holdings Corporation [XRX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.43. With this latest performance, XRX shares dropped by -8.48% in over the last four-week period, additionally sinking by -2.08% over the last 6 months – not to mention a rise of 30.18% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for XRX stock in for the last two-week period is set at 37.11, with the RSI for the last a single of trading hit 31.75, and the three-weeks RSI is set at 40.36 for Xerox Holdings Corporation [XRX]. The present Moving Average for the last 50 days of trading for this stock 23.91, while it was recorded at 23.39 for the last single week of trading, and 23.07 for the last 200 days.

Xerox Holdings Corporation [XRX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Xerox Holdings Corporation [XRX] shares currently have an operating margin of +4.27 and a Gross Margin at +34.76. Xerox Holdings Corporation’s Net Margin is presently recorded at +2.73.

Return on Total Capital for XRX is now 2.85, given the latest momentum, and Return on Invested Capital for the company is 1.98. Return on Equity for this stock inclined to 3.31, with Return on Assets sitting at 1.29. When it comes to the capital structure of this company, Xerox Holdings Corporation [XRX] has a Total Debt to Total Equity ratio set at 82.43. Additionally, XRX Total Debt to Total Capital is recorded at 45.19, with Total Debt to Total Assets ending up at 32.47. Long-Term Debt to Equity for the company is recorded at 77.02, with the Long-Term Debt to Total Capital now at 40.66.

Reflecting on the efficiency of the workforce at the company, Xerox Holdings Corporation [XRX] managed to generate an average of $7,773 per employee. Receivables Turnover for the company is 3.04 with a Total Asset Turnover recorded at a value of 0.47.Xerox Holdings Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.00.

Insider trade positions for Xerox Holdings Corporation [XRX]

There are presently around $3,463 million, or 82.90% of XRX stock, in the hands of institutional investors. The top three institutional holders of XRX stocks are: ICAHN CARL C with ownership of 28,769,235, which is approximately 3.601% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 15,935,911 shares of the stock with an approximate value of $359.51 million in XRX stocks shares; and BLACKROCK INC., currently with $345.25 million in XRX stock with ownership of nearly 56.441% of the company’s market capitalization.

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Positions in Xerox Holdings Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 175 institutional holders increased their position in Xerox Holdings Corporation [NYSE:XRX] by around 20,521,315 shares. Additionally, 209 investors decreased positions by around 25,663,598 shares, while 67 investors held positions by with 107,337,611 shares. The mentioned changes placed institutional holdings at 153,522,524 shares, according to the latest SEC report filing. XRX stock had 51 new institutional investments in for a total of 4,532,304 shares, while 82 institutional investors sold positions of 7,128,443 shares during the same period.

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