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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 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
SC 13G/A - Xerox Holdings Corp (0001770450) (Subject)
SC 13G/A - Xerox Holdings Corp (0001770450) (Subject)
SC 13G - Xerox Holdings Corp (0001770450) (Subject)
10-Q - Xerox Holdings Corp (0001770450) (Filer)
8-K - Xerox Holdings Corp (0001770450) (Filer)
8-K - Xerox Holdings Corp (0001770450) (Filer)
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
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) will host a live audio webcast at 8 a.m. ET on Tuesday, October 29th, to discuss the company's 2024 third-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, Tuesday, October 29th, 2024 WHAT: Review of Xerox's 2024 third-quarter results WHO: Steve Bandrowczak, chief executive officer, Xerox John Bruno, president and chief operating officer, Xerox Xavier Heiss, chief financial officer, Xerox AUDIO WEBCAST: https://edge.media-server.com/mmc/p/294fcz7d About Xerox Holdings Corporation (NASDAQ:XRX) For more than 100 years, Xerox has continually redefined th
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
4 - Xerox Holdings Corp (0001770450) (Issuer)
4 - Xerox Holdings Corp (0001770450) (Issuer)
4 - Xerox Holdings Corp (0001770450) (Issuer)
Xerox Holdings Corp (NASDAQ: XRX) reported a fiscal second-quarter 2024 sales decline of 10.0% year-on-year to $1.58 billion, missing the analyst consensus estimate of $1.60 billion. The stock dropped after the print on Thursday. Revenues declined 9.6% at constant currency. Adjusted EPS of $0.29 missed the analyst consensus estimate of $0.43. Equipment sales decreased by 15.2%, while post-sale revenue declined by 8.4%. Gross margin declined 100 basis points Y/Y to 33.0%. The equipment margin fell by 70 bps to 34.5%. The post-sale margin decreased by 110 bps to 32.5%. The company reported an adjusted operating income of $85 million, compared to $107 million last year, and the ma
Sentiment continues to be jittery, with the major index futures priming for a lower opening on Thursday as traders look ahead to the first read of second-quarter GDP data and more earnings. The tech space could once again drag the broader market after a few disappointing earnings reports from the likes of Franco-Italian chipmaker STMicroelectronics N.V. (NYSE:STM), which predominantly supplies to the automotive end market, and semiconductor test-equipment company Teradyne, Inc. (NASDAQ:TER). Traders may also stay glued to second-quarter GDP data to confirm the slowdown suggested by some recent data does not point to a hard landing. That said, bond yields are dipping as the market, factori
2024 Guidance Update Revenue: from a decline of 3% to 5% to a decline of 5% to 6% in constant currency Adjusted Operating Margin: from at least 7.5% to at least 6.5% Free cash flow: from at least $600 million to at least $550 million 2024 revenue guidance was lowered to reflect additional reductions in non-strategic revenue, including those associated with incremental Reinvention actions. Adjusted 1 operating income margin guidance was lowered primarily to reflect the reduction in revenue guidance, as well as higher-than-expected freight and product costs. Free cash flow 1 guidance was lowered to reflect lower revenue and adjusted 1 operating income margin guidance. Guidance assume