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Xerox (XRX)

Xerox Holdings Corporation makes every day work better. Xerox Holdings Corporation is a workplace technology company building and integrating software and hardware for enterprises large and small. As customers seek to manage information across digital and physical platforms, Xerox delivers a seamless, secure and sustainable experience. Whether inventing the copier, the Ethernet, the laser printer or more, Xerox has long defined the modern work experience.

XRX stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$14.00
Low target
$14.00
High target
$14.00
Morgan Stanley
Maintains
Underweight
$14.00
27 Jul 22
JP Morgan
Maintains
Underweight
$14.00
14 Jul 22

Calendar

3 Aug 22
14 Aug 22
31 Dec 22
Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
81.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 318 331 -3.9%
Opened positions 43 56 -23.2%
Closed positions 56 55 +1.8%
Increased positions 92 93 -1.1%
Reduced positions 114 117 -2.6%
13F shares Current Prev Q Change
Total value 2.56B 11.07B -76.9%
Total shares 126.64M 101.03M +25.3%
Total puts 994.6K 1.33M -25.1%
Total calls 3.37M 6.62M -49.2%
Total put/call ratio 0.3 0.2 +47.4%
Largest owners Shares Value Change
Icahn Carl C Et Al 32.11M $647.76M NEW
Vanguard 13.19M $266.04M -3.1%
BLK Blackrock 12.2M $246.16M -7.4%
Dimensional Fund Advisors 7.35M $148.35M +9.3%
LSV Asset Management 6.29M $126.93M +2.5%
STT State Street 4.1M $83.69M -0.6%
BK Bank Of New York Mellon 2.74M $55.24M -2.8%
Jacobs Levy Equity Management 2.66M $53.62M -0.4%
Two Sigma Advisers 2.57M $51.77M -11.2%
Geode Capital Management 1.78M $35.99M -4.6%
Largest transactions Shares Bought/sold Change
Icahn Carl C Et Al 32.11M +32.11M NEW
Citadel Advisors 958.32K -1.43M -59.9%
Two Sigma Investments 541.18K -1.38M -71.8%
Norges Bank 0 -1.34M EXIT
Allspring Global Investments 1.03M +1.01M +4742.8%
BLK Blackrock 12.2M -979.22K -7.4%
Arrowstreet Capital, Limited Partnership 0 -955.65K EXIT
FMR 1.44M +881.66K +159.3%
D. E. Shaw & Co. 612.54K -756.38K -55.3%
Voloridge Investment Management 0 -732.98K EXIT

Financial report summary

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Competition
CanonHPCynergisTekARC Document SolutionsBornKonica MinoltaFronteo
Risks
  • The effects of pandemics, such as the COVID-19 pandemic, may materially affect how we and our customers operate our businesses, and the duration and extent to which a pandemic may impact our future results of operations and overall financial performance is uncertain.
  • If we are unsuccessful at addressing our business challenges, our business and results of operations may be adversely affected and our ability to invest in and grow our business could be limited.
  • If we fail to successfully develop new products, technologies and service offerings and protect our intellectual property rights, we may be unable to retain current customers and gain new customers and our revenues would decline.
  • We need to successfully manage changes in the printing environment and market because our operating results may be negatively impacted by lower equipment placements and usage trends.
  • We face significant competition and our failure to compete successfully could adversely affect our results of operations and financial condition.
  • Our profitability is dependent upon our ability to obtain adequate pricing for our products and services and to improve our cost structure.
  • We have outsourced a significant portion of our manufacturing operations and increasingly rely on third-party manufacturers, subcontractors and suppliers.
  • We may be unable to attract and retain key personnel while our business model undergoes significant changes.
  • We may not achieve some or all of the expected benefits of our restructuring and transformation plans and our restructuring may adversely affect our business.
  • Our government contracts are subject to termination rights, audits and investigations, which, if exercised, could negatively impact our reputation and reduce our ability to compete for new contracts.
  • Our ability to fund our customer financing activities at economically competitive levels depends on our ability to borrow and the cost of borrowing in the credit markets.
  • Our significant debt could adversely affect our financial health and pose challenges for conducting our business.
  • We need to maintain adequate liquidity in order to meet our operating cash flow requirements, repay maturing debt and meet other financial obligations, such as payment of dividends to the extent declared by our Board of Directors. If we fail to comply with the covenants contained in our various borrowing agreements, it may adversely affect our liquidity, results of operations and financial condition.
  • Our financial condition and results of operations could be adversely affected by employee benefit-related funding requirements.
  • Our business, results of operations and financial condition may be negatively impacted by conditions abroad, including local economic and political environments, fluctuating foreign currencies and shifting regulatory schemes.
  • Tariffs or other restrictions on foreign imports could negatively impact our financial performance.
  • We operate globally and changes in tax laws could adversely affect our results.
  • We are subject to breaches of our security systems, cyber-attacks and service interruptions, which could expose us to liability, litigation, regulatory action and damage our reputation.
  • We are subject to laws of the United States and foreign jurisdictions relating to individually identifiable information, and failure to comply with those laws could subject us to legal actions and negatively impact our operations.
  • Our business, results of operations and financial condition may be negatively impacted by legal and regulatory matters.
Management Discussion
  • Total revenue of $7.0 billion in 2021 increased 0.2% from the prior year, including a 1.6-percentage point favorable impact from currency and an approximate 0.5-percentage point favorable impact from 2021 and 2020 acquisitions. Total revenue for 2021 reflected the impacts from the COVID-19 pandemic as well as the global product supply and logistics constraints, which limited our ability to fulfill orders and drove an increase in our order backlog in the second half of the year. Total revenue reflected a 1.1% increase in Equipment sales revenue, including a 1.5-percentage point favorable impact from currency, while Post sale revenue was flat, including a 1.7-percentage point favorable impact from currency. While the COVID-19 pandemic significantly impacted our 2021 revenues as a result of business closures and office building capacity restrictions, the progress of vaccinations and the gradual reopening of workplaces resulted in higher year-over-year page volumes for most of 2021.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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