Xerox (NASDAQ:XRX) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Xerox Holdings Co. (NASDAQ:XRX)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.28 and traded as high as $2.96. Xerox shares last traded at $2.67, with a volume of 4,488,751 shares.

Analyst Ratings Changes

XRX has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xerox in a research report on Monday, April 27th. Zacks Research raised Xerox from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $2.50.

Xerox Stock Performance

The company’s 50 day simple moving average is $2.89 and its 200 day simple moving average is $2.28. The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.85 and a current ratio of 1.18. The stock has a market cap of $349.18 million, a PE ratio of -0.32 and a beta of 2.40.

Xerox (NASDAQ:XRX) last announced its earnings results on Thursday, April 30th. The information technology services provider reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.09. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.78 billion. Xerox had a negative return on equity of 12.08% and a negative net margin of 14.09%.The company’s revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) EPS. Analysts expect that Xerox Holdings Co. will post 0.03 earnings per share for the current year.

Xerox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.10 annualized dividend and a yield of 3.7%. Xerox’s payout ratio is currently -1.20%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XRX. S Harris Financial Group LLC purchased a new stake in Xerox during the fourth quarter valued at about $25,000. Chicago Partners Investment Group LLC purchased a new position in shares of Xerox in the first quarter valued at $25,000. Captrust Financial Advisors bought a new stake in shares of Xerox during the 4th quarter valued at $26,000. Williams & Novak LLC bought a new stake in shares of Xerox during the 4th quarter valued at $27,000. Finally, Arkadios Wealth Advisors purchased a new stake in Xerox during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Xerox Company Profile

Xerox Holdings Corporation (NYSE: XRX) is a global provider of document management technology and services. The company designs and manufactures a broad range of multifunction printers, production printers, digital presses and related consumables. In addition to its hardware offerings, Xerox delivers software and workflow automation solutions, managed print services and cloud-based document platforms that help organizations optimize their information-intensive processes.

Founded in 1906 as The Haloid Photographic Company, Xerox pioneered xerographic imaging in the late 1940s, launching the first plain-paper copier in 1959.