Xerox Holdings downgraded by Credit Suisse with a new price target
$XRX
Computer peripheral equipment
Technology
Credit Suisse downgraded Xerox Holdings from Outperform to Neutral and set a new price target of $20.00 from $23.00 previously
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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 |
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
Xerox Holdings Corporation (NASDAQ:XRX) will host a live audio webcast at 8 a.m. ET on Tuesday, January 28th, to discuss the company's 2024 fourth-quarter and full-year 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, January 28th, 2025 WHAT: Review of Xerox's 2024 fourth-quarter and full-year results WHO: Steve Bandrowczak, chief executive officer, Xerox John Bruno, president and chief operating officer, Xerox Mirlanda Gecaj, vice president and chief accounting officer and incoming chief financial officer, Xerox AUDI
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
SC 13G/A - Xerox Holdings Corp (0001770450) (Subject)
SC 13G/A - Xerox Holdings Corp (0001770450) (Subject)
SC 13G/A - Xerox Holdings Corp (0001770450) (Subject)
8-K - 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
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
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