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NORWALK, CT—John G. Bruno, President and Chief Operating Officer of Xerox Holdings Corp (NASDAQ:XRX), recently purchased 25,000 shares of the company’s common stock. The insider purchase comes as the stock trades near its 52-week low of $3.44, having declined over 64% in the past year. According to InvestingPro analysis, Xerox is currently trading below its Fair Value. The shares were acquired at a price of $4.38 each, amounting to a total transaction value of $109,500. Following this acquisition, Bruno now holds 259,775 shares directly. This transaction was reported in a filing with the Securities and Exchange Commission on May 23, 2025. While the company has maintained dividend payments for 19 consecutive years, currently yielding 2.22%, InvestingPro data reveals 10+ additional insights about Xerox’s financial health and future prospects, available in the comprehensive Pro Research Report.
In other recent news, Xerox Holdings Corporation reported a challenging first quarter of 2025, with earnings and revenue falling short of expectations. The company posted an adjusted loss per share of $0.06, missing the forecasted earnings per share of $0.10, and revenue reached $1.46 billion, which was below the expected $1.54 billion. In response to these financial results, Loop Capital adjusted its price target for Xerox shares from $5.50 to $4.50, maintaining a Hold rating. Despite these setbacks, Xerox reaffirmed its full-year 2025 guidance, expecting low single-digit revenue growth and an adjusted operating margin of at least 5%.
Xerox also announced a reduction in its quarterly dividend to $0.025 per share, a strategic move to prioritize debt repayment ahead of its planned acquisition of Lexmark. The acquisition, valued at $1.5 billion, is anticipated to close in the third quarter of 2025, pending regulatory approvals. Additionally, Xerox issued $100 million in senior secured notes to partially fund the Lexmark acquisition and repay most of Lexmark’s outstanding debt.
In terms of leadership, Xerox has bolstered its executive team by appointing key Lexmark executives to its Executive Committee, a move that is expected to enhance the integration process and steer the future direction of the combined entity. The company remains focused on the integration of ITsavvy, which has already shown promising growth and exceeded initial expectations. Despite current challenges, Xerox is treating this year as a period of transition, with sights set on significant growth in 2026.
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