Morgan Stanley initiated coverage on Xerox Holdings with a new price target
$XRX
Computer peripheral equipment
Technology
Morgan Stanley initiated coverage of Xerox Holdings with a rating of Underweight and set a new price target of $17.00
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| 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 |
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
SC 13G/A - Xerox Holdings Corp (0001770450) (Subject)
SC 13G/A - Xerox Holdings Corp (0001770450) (Subject)
SC 13G/A - Xerox Holdings Corp (0001770450) (Subject)
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
10-Q - Xerox Holdings Corp (0001770450) (Filer)
8-K - Xerox Holdings Corp (0001770450) (Filer)
8-K - Xerox Holdings Corp (0001770450) (Filer)
4 - Xerox Holdings Corp (0001770450) (Issuer)
4 - Xerox Holdings Corp (0001770450) (Issuer)
4 - Xerox Holdings Corp (0001770450) (Issuer)
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 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