Xerox Holdings Corporation, a workplace technology company, designs, develops, and sells document management systems and solutions in the United States, Europe, Canada, and internationally. It offers intelligent workplace services; and digital services that leverage its software capabilities in workflow automation, personalization and communication software, content management solutions, and digitization services. The company also provides desktop monochrome, and color and multifunction printers; digital printing presses and light production devices, and solutions; graphic communications and production solutions; and IT services, such as PC and network infrastructure, communications technology, and network administration, as well as cloud and on-server support services. In addition, it provides FreeFlow a portfolio of software solutions for the automation and integration to the processing of print job comprises file preparation, final production, and electronic publishing; XMPie, a personalization and communication software that support the needs of omni-channel communications customers; DocuShare, a content management platform to capture, store, and share paper and digital content; and CareAR, an enterprise augmented reality business that offers live virtual assistance technology focused on modernizing field service, customer support, and other IT Services. Further, the company operates a network of centers that digitize and automate paper and digital workflows; and sells paper products, wide-format systems, and software and IT services. The company sells its products and services directly to its customers through its direct sales force, as well as through independent agents, dealers, value-added resellers, systems integrators, and the Web. Xerox Holdings Corporation was incorporated in 1906 and is headquartered in Norwalk, Connecticut.
IPO Year:
Exchange: NYSE
Website: xerox.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/28/2024 | $11.00 | Sell | Citigroup |
| 8/17/2022 | $14.00 | Underperform | Credit Suisse |
| 9/23/2021 | $17.00 | Underweight | Morgan Stanley |
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Xerox Holdings Corporation (NASDAQ:XRX) today announced it has agreed to acquire ITsavvy, an Oak Brook, Illinois-based provider of integrated IT products and associated services, for $400 million consisting of a $180 million cash payment and secured promissory notes totaling $220 million, subject to certain customary pre- and post-closing adjustments and escrow arrangements. The transaction is expected to close during the fourth quarter of 2024 and remains subject to merger clearance control. ITsavvy is a portfolio company of GenNx360 Capital Partners, a New York-based private equity firm. "As part of our Reinvention we have created a greater organizational focus on our emerging IT Service
Collaboration aims to deliver advanced digital embellishment capabilities to clients Xerox Holdings Corporation (NASDAQ:XRX) and Taktiful Software Solutions today announced the intent to form a new strategic partnership to extend their presence in the digital embellishment market. This new alliance will build upon a foundation of successful collaboration, leveraging Xerox industry-leading digital printing technology and expansive market reach alongside Taktiful's AI-powered digital embellishment solutions and focus on client-specific empowerment. It will mark a significant step forward in delivering extraordinary production print enhancement capabilities and maximizing business developmen
Xerox Holdings Corporation (NASDAQ:XRX) today announced the election of six new members to the Company's Board of Directors at its Annual Meeting of Shareholders. The new members bring deep technology, product, and operations expertise to further Xerox's Reinvention objective of becoming a services-led, software-enabled organization positioned for sustainable, long-term growth. The newly elected Directors are as follows: John Bruno, President and Chief Operating Officer, Xerox Tami Erwin, former Executive Vice President and Group CEO, Verizon Business Group Priscilla Hung, former President & Chief Operating Officer, Guidewire Software Edward McLaughlin, President & Chief Techn
Xerox Holdings Corporation (NASDAQ:XRX) today announced the appointment of John Bruno as President and Chief Operating Officer. Bruno joins the team following Steven Bandrowczak's promotion to Chief Executive Officer earlier this year. In this role, John will partner closely with the CEO and leadership team to shape the company's global strategy and will be accountable for operating model advancements to improve company performance. He will also oversee global offerings, service delivery, marketing, manufacturing, supply chain, procurement, information technology, and Xerox's IT services business unit. "John brings decades of business, technology, and operations leadership experience at Fo
Xerox Holdings Corporation (NASDAQ:XRX) announced today it has appointed Fred Beljaars as Executive Vice President and Chief Delivery and Supply Chain Officer. Beljaars assumes the position following the departure of Mary McHugh earlier this month. In this newly expanded role, Beljaars is responsible for leading all delivery, manufacturing, supply chain, and procurement operations globally and will focus on continuing to transform these missions to become more client-centric and strategic drivers for Xerox's success. "Given ongoing inflationary pressures encumbering nearly every industry, we are focused on evolving our operations to directly improve customer outcomes," said Steve Bandrowcz
Xerox Holdings Corporation (NASDAQ:XRX) today announced its Board of Directors has appointed Steven Bandrowczak as Chief Executive Officer. Steve joined Xerox in 2018 as the company's President and Chief Operations Officer, and has served as Interim CEO since the passing of John Visentin in June 2022. As President and COO, Steve was responsible for developing and executing a global operations strategy for Xerox's Software and Innovation businesses, as well as the company's business support functions, including business strategy, product and service delivery, customer billing, and information technology. Steve was also president of Xerox Holdings Corporation and served as CareAR's Chairman.
Xerox Holdings Corporation (NASDAQ:XRX) today announced Philip Giordano has been appointed to its board of directors. "Xerox is pleased to announce the addition of Philip Giordano to our Board of Directors," said James Nelson, Chairman of Xerox's Board of Directors. "His depth of experience as a value investor will support our corporate strategy in the years to come. We look forward to the insights and perspective he will provide." Giordano is the Founder and Chief Investment Officer of Livello Capital Management, a registered investment advisor. He previously held senior positions at Goldman Sachs and Deutsche Bank, where he invested across sectors and capital structures following a rigo
NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NYSE: XRX), a global workplace technology company, announced Jacques-Edouard Gueden as executive vice president and president of Europe, Middle East & Africa (EMEA) Operations, a role he has filled on an interim basis since the end of September. He reports to John Visentin, Xerox vice chairman and CEO. “Jacques-Edouard will be responsible for Xerox’s go-to-market teams across EMEA to bring Xerox’s full portfolio of products, services and software to new and existing clients and partners,” said Visentin. “His deep knowledge of what clients need and long-term relationships across the region position him well to drive perfor
NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NYSE: XRX), a global workplace technology company, announced Xavier Heiss as chief financial officer, a role he’s filled on an interim basis since the end of September. He reports to John Visentin, Xerox vice chairman and chief executive officer. “Xavier combines a deep understanding of the financials with a clear vision for renewing Xerox’s growth,” said Visentin. “His well-established relationships across the business and with global customers position him well to help speed our transformation at a critical time in the company’s history.” Heiss, a 32-year company veteran, has served in various leadership positions in f
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Company also spotlights global creativity and print excellence with Best of the Best Awards Xerox Holdings Corporation (NASDAQ:XRX) today announced updates to the Xerox® PrimeLink® B9100 Production Press Series and Xerox® FreeFlow® Workflow Software, reinforcing its leadership in production print innovation. In addition, Xerox celebrates the transformative power of print through its 2025 Best of the Best Awards for Print, which recognizes outstanding applications of digital print technology by clients worldwide. The latest updates to the PrimeLink B9100 Series include new optional dual two-tray oversized high-capacity feeders — available in both standard and vacuum feed models — that bo
Xerox Holdings Corporation (NASDAQ:XRX) today completed its acquisition of Lexmark International, Inc. from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre. The transaction, valued at $1.5 billion inclusive of net debt and assumed liabilities, marks a significant milestone in the company's strategic transformation and reinforces its commitment to delivering innovative workplace solutions in an evolving hybrid environment. "We've long admired Lexmark's strong print and managed print services reputation, robust client and partner base, and global presence. Over the years, we've built a collaborative partnership, and today, we take our business to the next level
Xerox announced today that its Board of Directors approved an update to its dividend policy in anticipation of the closing of the Lexmark transaction, reducing the quarterly dividend to $0.025 per share ($0.10 per share annualized). Accordingly, Xerox announced the declaration of a quarterly dividend of $0.025 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on July 31, 2025, to shareholders of record on June 30, 2025. In December 2024, Xerox announced a reduction to its dividend in conjunction with the planned acquisition of Lexmark, reflecting the prioritization of debt repayment following acquisition close. Since then, yields on Xerox publicly traded debt ha
Lexmark Executives Named to Key Roles; Kim Kleps Appointed Chief People Officer As part of Xerox Holdings Corporation's (NASDAQ:XRX) acquisition of Lexmark International, Inc., the company announced today that two distinguished Lexmark executives will join its Executive Committee at the close of the acquisition. Further strengthening the Xerox leadership team, Kim Kleps will serve as Xerox Chief People Officer, effective immediately. These leaders bring deep industry expertise to Xerox. They will play a critical role in shaping the future combined company as it integrates Lexmark's renowned imaging solutions and technologies into its portfolio. The incoming Executive Committee members are
Reinvention drives momentum in Print and IT Solutions growth following ITsavvy acquisition Financial Summary Q1 2025 Revenue of $1.46 billion, down 3.0 percent, and 1.1 percent in constant currency. GAAP net (loss) of $(90) million, or $(0.75) per share, improved by $23 million or $0.19 per share, year-over-year, respectively. Adjusted net (loss) of $(4) million, or $(0.06) per share, declined by $15 million or $0.12 per share, year-over-year, respectively. Adjusted operating margin of 1.5 percent, 70 basis points lower year-over-year. Operating cash flow of $(89) million, lower by $10 million year-over-year. Free cash flow of $(109) million, lower by $20 million year-over-yea
Xerox Holdings Corporation (NASDAQ:XRX) will host a live audio webcast with online presentation slides at 8 a.m. ET on Thursday, May 1st, to discuss the company's 2025 first-quarter results. A news release containing this information will be issued earlier that day at 6:30 a.m. ET. WHEN: 8 a.m. ET, Thursday, May 1st, 2025 WHAT: Review of Xerox's 2025 first-quarter results WHO: Steve Bandrowczak, chief executive officer, Xerox John Bruno, president and chief operating officer, Xerox Mirlanda Gecaj, chief financial officer, Xerox AUDIO WEBCAST: https://edge.media-server.com/mmc/p/vg8eig4h About Xerox Holdings Corpor
Xerox Corporation today announced the closing of its offering of (i) $400,000,000 in aggregate principal amount of 10.250% Senior Secured First Lien Notes due 2030 (the "First Lien Notes") issued by Xerox Corporation and guaranteed by Xerox Holdings Corporation ("Xerox" and, together with Xerox Corporation, the "Company") and certain of Xerox's domestic and foreign subsidiaries and (ii) $400,000,000 in aggregate principal amount of 13.500% Senior Secured Second Lien Notes due 2031 (the "Second Lien Notes" and, together with the First Lien Notes, the "Notes") issued by Xerox Issuer Corporation (the "Escrow Issuer"), a wholly-owned subsidiary of Xerox Corporation in a private placement to per
Xerox Corporation today announced that it has successfully priced an offering of (i) $400,000,000 in aggregate principal amount of 10.250% Senior Secured First Lien Notes due 2030 (the "First Lien Notes") to be issued by Xerox Corporation and guaranteed by Xerox Holdings Corporation ("Xerox" and, together with Xerox Corporation, the "Company") and certain of Xerox's domestic and foreign subsidiaries and (ii) $400,000,000 in aggregate principal amount of 13.500% Senior Secured Second Lien Notes due 2031 (the "Second Lien Notes" and, together with the First Lien Notes, the "Notes") to be issued by Xerox Issuer Corporation (the "Escrow Issuer"), a wholly-owned subsidiary of Xerox Corporation.
Xerox Corporation today announced an offering of (i) $400,000,000 aggregate principal amount of Senior Secured First Lien Notes due 2030 (the "First Lien Notes") to be issued by Xerox Corporation and guaranteed by Xerox Holdings Corporation ("Xerox" and, together with Xerox Corporation, the "Company") and certain of Xerox's domestic and foreign subsidiaries and (ii) $400,000,000 aggregate principal amount of Senior Secured Second Lien Notes due 2031 (the "Second Lien Notes" and together with the First Lien Notes, the "Notes") to be issued by Xerox Issuer Corporation (the "Escrow Issuer"), a wholly-owned subsidiary of Xerox Corporation. Xerox Corporation intends to use the net proceeds from
Connecticut Children's and Xerox are reimagining pediatric healthcare with the help of cutting-edge artificial intelligence. Through an expanded partnership with Xerox, the health system is introducing AI-powered solutions to streamline care delivery and elevate patient outcomes. From enabling emergency department nurses to prepare more effectively for procedures to using predictive analytics to reduce heart-related risks in pediatric cancer patients, AI is already transforming how Connecticut Children's delivers care to its patients. "Embracing advanced AI technologies allows us to give our caregivers the most precious resource of all—more time with their patients," said Bob Duncan, Chie
Citigroup initiated coverage of Xerox with a rating of Sell and set a new price target of $11.00
Credit Suisse initiated coverage of Xerox with a rating of Underperform and set a new price target of $14.00
Morgan Stanley initiated coverage of Xerox Holdings with a rating of Underweight and set a new price target of $17.00
Morgan Stanley downgraded Xerox from Equal-Weight to Underweight and set a new price target of $18.00
Morgan Stanley reiterated coverage of Xerox Holdings with a rating of Equal-Weight and set a new price target of $20.00 from $22.00 previously
Credit Suisse downgraded Xerox Holdings from Outperform to Neutral and set a new price target of $20.00 from $23.00 previously
Credit Suisse Group downgraded Xerox from Outperform to Neutral
Morgan Stanley reiterated coverage of Xerox Holdings with a rating of Equal-Weight and set a new price target of $22 from $24 previously
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Xerox announced today that its Board of Directors approved an update to its dividend policy in anticipation of the closing of the Lexmark transaction, reducing the quarterly dividend to $0.025 per share ($0.10 per share annualized). Accordingly, Xerox announced the declaration of a quarterly dividend of $0.025 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on July 31, 2025, to shareholders of record on June 30, 2025. In December 2024, Xerox announced a reduction to its dividend in conjunction with the planned acquisition of Lexmark, reflecting the prioritization of debt repayment following acquisition close. Since then, yields on Xerox publicly traded debt ha
Reinvention drives momentum in Print and IT Solutions growth following ITsavvy acquisition Financial Summary Q1 2025 Revenue of $1.46 billion, down 3.0 percent, and 1.1 percent in constant currency. GAAP net (loss) of $(90) million, or $(0.75) per share, improved by $23 million or $0.19 per share, year-over-year, respectively. Adjusted net (loss) of $(4) million, or $(0.06) per share, declined by $15 million or $0.12 per share, year-over-year, respectively. Adjusted operating margin of 1.5 percent, 70 basis points lower year-over-year. Operating cash flow of $(89) million, lower by $10 million year-over-year. Free cash flow of $(109) million, lower by $20 million year-over-yea
Xerox Holdings Corporation (NASDAQ:XRX) announced today that its board of directors declared a quarterly dividend of $0.125 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on April 30, 2025, to shareholders of record on March 31, 2025. The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on April 1, 2025, to shareholders of record on March 15, 2025. About Xerox Holdings Corporation (NASDAQ:XRX) For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print t
Company advances Reinvention; guides to growth in revenue and profits for 2025 Financial Summary Q4 2024 Revenue of $1.61 billion, down 8.6 percent, or 8.0 percent in constant currency. GAAP net (loss) of $(21) million, or $(0.20) per share, an improvement of $37 million or $0.30 per share, year-over-year, respectively. Adjusted net income of $49 million, or $0.36 per share, down $7 million or $0.07 per share, year-over-year, respectively. Adjusted operating margin of 6.4 percent, up 100 basis points year-over-year. Operating cash flow of $351 million, down $38 million year-over-year. Free cash flow of $334 million, down $45 million year-over-year. FY 2024 Revenu
Transaction between printing industry icons is expected to close in second half of 2025 Xerox Holdings Corporation (NASDAQ:XRX) today announced it has agreed to acquire Lexmark International, Inc., from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre in a deal valued at $1.5 billion, inclusive of assumed liabilities. This acquisition will strengthen the Xerox core print portfolio and build a broader global print and managed print services business better suited to meet the evolving needs of clients in the hybrid workplace. "Our acquisition of Lexmark will bring together two industry-leading companies with shared values, complementary strengths, and a deep c
Xerox Holdings Corporation (NASDAQ:XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on January 31, 2025, to shareholders of record on December 31, 2024. The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on January 2, 2025, to shareholders of record on December 16, 2024. About Xerox Holdings Corporation (NASDAQ:XRX) For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and productio
Reinvention drives increased profitability despite a challenging quarter for equipment sales; pending acquisition of ITsavvy to improve revenue mix from higher growth businesses Financial Summary Q3 2024 Revenue of $1.53 billion, down 7.5 percent, or 7.3 percent in constant currency. GAAP net (loss) of $(1.2) billion, or $(9.71) per share, a decrease of $1.3 billion or $9.99 per share, year-over-year, respectively. This quarter includes an after-tax non-cash goodwill impairment charge of $1.0 billion, or $8.16 per share and a charge to tax expense related to the establishment of a valuation allowance of $161 million, or $1.29 per share. Adjusted net income of $34 million, or $0.25
Xerox Holdings Corporation (NASDAQ:XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on October 31, 2024, to shareholders of record on September 30, 2024. The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on October 1, 2024 to shareholders of record on September 15, 2024. About Xerox Holdings Corporation (NASDAQ:XRX) For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and produ
Reinvention drives sequential operating and financial improvements in Q2; Company revises full-year outlook, reiterates three-year adjusted operating income improvement target Financial Summary Q2 2024 Revenue of $1.58 billion, down 10 percent, or 9.6 percent in constant currency. GAAP net income of $18 million, or $0.11 per share, up $79 million or $0.52 per share, year-over-year, respectively. Adjusted net income of $41 million, or $0.29 per share, down $31 million or $0.15 per share, year-over-year, respectively. Adjusted operating margin of 5.4 percent, down 70 basis points year-over-year. Operating cash flow of $123 million, up $28 million year-over-year. Free cas
Xerox Holdings Corporation (NASDAQ:XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on July 31, 2024, to shareholders of record on June 28, 2024. The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on July 1, 2024, to shareholders of record on June 15, 2024. About Xerox Holdings Corporation (NASDAQ:XRX) For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print tec