The Attractiveness of Investing In Xerox Holdings Corporation (XRX) is Growing


Xerox Holdings Corporation’s recent filing unveils that its Director Palau Hernandez Margarita acquired Company’s shares for reported $0.16 million on Nov 29. In the deal valued at $15.55 per share,10,000 shares were bought. As a result of this transaction, Palau Hernandez Margarita now holds 15,500 shares worth roughly $ 0.25 million.

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Then, Shanker Naresh sold 10,700 shares, generating $183,580 in total proceeds. Upon selling the shares at $17.16, the SVP, Chief Technology Officer now owns 11,094 shares.

Before that, ICAHN CARL C bought 783,900 shares. Xerox Holdings Corporation shares valued at $13,459,563 were divested by the 10% Owner at a price of $17.17 per share. As a result of the transaction, ICAHN CARL C now holds 34,245,314 shares, worth roughly $557.51 million.

Credit Suisse initiated its Xerox Holdings Corporation [XRX] rating to an Underperform in a research note published on Friday, August 17, 2022; the price target was $14. PT values the company’s stock at a premium of -16.29 to its Friday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early February from “an Equal-weight” to “an Underweight”. Credit Suisse also remained covering XRX and has decreased its forecast on January 27, 2021 with a “Neutral” recommendation from previously “an Outperform” rating. Cross Research revised its rating on January 19, 2021. It rated XRX as “a Sell” which previously was an “a Hold”.

Price Performance Review of XRX

On Friday, Xerox Holdings Corporation [NASDAQ:XRX] saw its stock fall -1.99% to $16.28. On the same session, the stock had its day’s lowest price of $16.17, but rose to a high of $16.37. Over the last five days, the stock has lost -2.57%. Xerox Holdings Corporation shares have risen nearly 11.51% since the year began. Nevertheless, the stocks have fallen -18.80% over the past one year. While a 52-week high of $20.99 was reached on 01/26/23, a 52-week low of $11.80 was recorded on 01/03/23. SMA at 50 days reached $16.17, while 200 days put it at $16.10. A total of 0.77 million shares were traded, compared to the trading of 0.86 million shares in the previous session.

Levels Of Support And Resistance For XRX Stock

The 24-hour chart illustrates a support level at 16.18, which if violated will result in even more drops to 16.07. On the upside, there is a resistance level at 16.38. A further resistance level may holdings at 16.47. The Relative Strength Index (RSI) on the 14-day chart is 46.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.19%. Stochastics %K at 24.07% indicates the stock is a holding.

How much short interest is there in Xerox Holdings Corporation?

A steep rise in short interest was recorded in Xerox Holdings Corporation stocks on Jan 12, 2023, growing by 0.6 million shares to a total of 7.27 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 6.67 million shares. There was a rise of 8.25%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.52% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.37.

Xerox Holdings Corporation [XRX] – Who Are The Largest Shareholders?

In filings from Icahn Associates Holding LLC, it is revealed that the company now owns 34,245,314 shares, or roughly 22.01% of the outstanding XRX shares. Additionally, The Vanguard Group, Inc. increased 5.89% of its stake after which the total value it holdings stand at $210,883,966, while BlackRock Fund Advisors reduced -0.41% of its stake to hold $205.92 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 637,087 shares of Xerox Holdings Corporation, while LSV Asset Management bought -291,125 shares. At present, SSgA Funds Management, Inc. is holding 4,738,714 shares valued at $77.62 million. Jacobs Levy Equity Management, In owned 3,037,508 shares of the company at the time of its most recent 13F filing, worth $49.75 million.

According to FactSet, Xerox Holdings Corporation’s share price will average $12.60 in the next year, based on opinions of analysts polled by the firm. This is down nearly -33.77 percent from its previous closing price of $16.61. Analysts expect Xerox Holdings Corporation stock to reach the higher price of $17.00, while the lowest price estimate is $10.00. However, 8 analysts have rated XRX stock as an Underweight in their predictions for 2023.


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