Renault shares tumble 17% after profit warning and weak H1 update
In a recent transaction, Steven Bandrowczak, CEO of Xerox Holdings Corp (NASDAQ:XRX), acquired 22,300 shares of the company’s common stock. The purchase comes as the stock has experienced significant pressure, declining nearly 64% over the past year and 16% in the last week alone, according to InvestingPro data. The shares were purchased at a weighted average price of $4.48 per share, with the total transaction valued at $99,904. This purchase increases Bandrowczak’s holdings to 382,442 shares. The shares were acquired through multiple transactions, with prices ranging from $4.46 to $4.52. Despite recent challenges, the company maintains a 19-year track record of consistent dividend payments and trades at a modest 0.54 times book value. InvestingPro analysis reveals 8 additional key insights about Xerox’s valuation and future prospects, available to subscribers.
In other recent news, Xerox Holdings Corporation reported its first-quarter 2025 earnings, revealing a challenging financial performance with earnings and revenue falling short of expectations. The company posted an adjusted loss per share of $0.06, missing the anticipated earnings per share of $0.10, while revenue reached $1.46 billion, below the expected $1.54 billion. Despite these setbacks, Xerox maintained its full-year guidance and highlighted a 24% growth in equipment installations, marking the third consecutive quarter of double-digit growth. In a strategic move, Xerox announced a reduction in its quarterly dividend to $0.025 per share as it prepares for the acquisition of Lexmark International, a deal valued at $1.5 billion and expected to close in the third quarter of 2025. The company also completed a private offering of $100 million in senior secured notes to partially fund the Lexmark acquisition and repay Lexmark’s outstanding debt. Analyst firm Loop Capital recently adjusted Xerox’s stock price target to $4.50 from $5.50, maintaining a Hold rating following the company’s mixed first-quarter results. Additionally, Xerox bolstered its leadership team by appointing two key Lexmark executives to its Executive Committee, further integrating the two companies’ operations.
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