Xerox (NASDAQ:XRX) Shares Break Below Two Hundred Day Moving Average – Here’s What Happened

Xerox Holdings Co. (NASDAQ:XRX)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $2.54 and traded as low as $1.57. Xerox shares last traded at $1.66, with a volume of 29,886,392 shares.

Key Xerox News

Here are the key news stories impacting Xerox this week:

• Positive Sentiment: Third-quarter results exceeded estimates. Xerox reported adjusted earnings of approximately $0.06 per share, versus consensus expectations for a $0.07 loss, while revenue of about $1.87 billion was broadly ahead of estimates. However, revenue still declined 4.7% from the prior year. Xerox Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Debt-reduction measures provide some balance-sheet support. Xerox announced an exchange transaction covering roughly $174 million of 2028 senior notes, extending maturities to 2030 and reducing debt principal by about $53 million while preserving cash. Xerox Debt Exchange Transaction
• Neutral Sentiment: Strategic pressure is increasing. STARTEEPO, Xerox’s third-largest shareholder with a 7.34% stake in shares and options, supported debt-reduction efforts but urged the board to consider strategic alternatives for Xerox Financial Services and the broader company. STARTEEPO Comments on Xerox Results
• Negative Sentiment: Profit and cash-flow forecasts were reduced. Xerox lowered its 2026 adjusted operating-income outlook to approximately $450 million-$475 million, a reduction of up to $130 million only three months after raising guidance. The company also cut its free-cash-flow forecast, citing higher costs, weaker cash generation and other operating headwinds, although it maintained its full-year revenue outlook.
• Negative Sentiment: The dividend suspension and legal investigations worsen sentiment. Xerox’s board suspended its dividend as it prioritizes liquidity and debt reduction. Multiple law firms also announced investigations into whether investors received materially misleading information, adding potential legal and reputational risk. Rosen Xerox Investigation

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Needham & Company LLC set a $5.00 price target on shares of Xerox in a research note on Tuesday, August 18th. Citigroup lowered their target price on Xerox from $2.50 to $1.50 and set a “sell” rating for the company in a research note on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Xerox in a research note on Thursday, October 22nd. Finally, Noble Financial began coverage on shares of Xerox in a report on Tuesday, August 18th. They issued an “outperform” rating and a $5.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $3.83.

Xerox Stock Down 12.0%

The firm has a market cap of $192.38 million, a P/E ratio of -0.16 and a beta of 2.45. The firm’s 50 day moving average is $2.98 and its two-hundred day moving average is $2.53. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 12.58.

Xerox (NASDAQ:XRX) last issued its earnings results on Thursday, October 29th. The information technology services provider reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.09. Xerox had a negative net margin of 15.40% and a positive return on equity of 53.07%. The business had revenue of $1.87 billion for the quarter. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Xerox’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, research analysts anticipate that Xerox Holdings Co. will post 0.17 EPS for the current fiscal year.

Xerox Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were issued a dividend of $0.0250 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.10 annualized dividend and a dividend yield of 6.8%. Xerox’s payout ratio is presently -1.10%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of XRX. Paradigm Capital Management Inc. NY acquired a new position in shares of Xerox in the second quarter valued at about $5,626,000. Renaissance Technologies LLC raised its holdings in shares of Xerox by 926.4% during the 1st quarter. Renaissance Technologies LLC now owns 645,624 shares of the information technology services provider’s stock worth $833,000 after buying an additional 582,724 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Xerox in the second quarter worth about $1,313,000. Headlands Technologies LLC bought a new position in shares of Xerox in the 2nd quarter valued at $779,000. Finally, Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Xerox during the third quarter worth about $607,000. 85.36% of the stock is owned by institutional investors.

Xerox Company Profile

Xerox Holdings Corporation (NASDAQ:XRX) is a technology and workplace solutions company that provides printing, document management and digital services to businesses and other organizations. The company serves customers across a range of industries, including government, education, healthcare, financial services and professional services.

Xerox offers office printers, multifunction devices, production printers and related supplies, software and support services. Its portfolio also includes document workflow and content-management solutions designed to help organizations digitize, automate and manage business processes.