Dernières nouvelles pour Xerox Holdings (NASDAQ:XRX) Stock

Xerox Holdings

Xerox

Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.

Xerox Holdings Corporation - Common Stock

Xerox Holdings Corp

ENTERTAINMENT HOLDINGS by Entertainment Holding Inc

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 11.24%</li>
<li>JP Morgan analyst Samik Chatterjee maintained an Underweight rating and cut the price target from $11 to $8 on Oct. 30. This analyst has an accuracy rate of 70%.</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and slashed the price target from $14 to $11 on Aug. 14. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Oct. 29, Xerox reported worse-than-expected third-quarter financial results and cut annual outlook.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1">latest XRX news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="890" height="813" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044607/image-88.png" alt="" class="wp-image-637170" style="width:632px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044607/image-88.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044607/image-88-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044607/image-88-768x702.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
<h3 class="wp-block-heading">Silicon Motion Technology Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIMO#NASDAQ">SIMO</a>)</h3>
<ul>
<li>Dividend Yield: 3.57%</li>
<li>Needham analyst Quinn Bolton maintained a Buy rating and cut the price target from $94 to $75 on Nov. 1. This analyst has an accuracy rate of 79%.</li>
<li>Wedbush analyst Matt Bryson reiterated an Outperform rating with a price target of $90 on Oct. 2. This analyst has an accuracy rate of 81%.</li>
<li>Recent News: On Oct. 30, Silicon Motion Technology posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1">latest SIMO news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="911" height="821" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044643/image-89.png" alt="" class="wp-image-637172" style="width:631px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044643/image-89.png 911w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044643/image-89-300x270.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044643/image-89-768x692.png 768w" sizes="(max-width: 911px) 100vw, 911px" /></a></figure>
<h3 class="wp-block-heading">International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)</h3>
<ul>
<li>Dividend Yield: 3.13%</li>
<li>BMO Capital analyst Keith Bachman maintained a Market Perform rating and raised the price target from $235 to $260 on Oct. 24. This analyst has an accuracy rate of 81%.</li>
<li>Jefferies analyst Brent Thill maintained a Hold rating and increased the price target from $200 to $245 on Oct. 21. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Oct. 23, IBM reported third-quarter revenue of $14.968 billion, missing the consensus estimate of $15.07 billion, according to Benzinga Pro. The company reported quarterly loss from continuing operations of 34 cents per share.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1">trend in IBM stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="910" height="821" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044754/image-90.png" alt="" class="wp-image-637173" style="width:632px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044754/image-90.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044754/image-90-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08044754/image-90-768x693.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
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SIMO

Wall Street's Most Accurate Analysts Spotlight On 3 Tech Stocks With Over 3% Dividend Yields

Morgan Stanley analyst Erik Woodring maintains Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) with a Underweight and lowers the price target from $10 to $8.

Price Target

Analyst Ratings

Morgan Stanley Maintains Underweight on Xerox Holdings, Lowers Price Target to $8

JP Morgan analyst Samik Chatterjee maintains Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) with a Underweight and lowers the price target from $11 to $8.

JP Morgan Maintains Underweight on Xerox Holdings, Lowers Price Target to $8

<h3>Gainers</h3>
<ul>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) stock rose 92.7% to $1.33 during Tuesday's regular session. The company's market cap stands at $4.0 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares moved upwards by 19.45% to $0.32. </li>
<li>CommVault Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) stock increased by 19.16% to $163.22. The company's market cap stands at $7.1 billion. As per the press release, Q2 earnings came out today. </li>
<li>Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) stock moved upwards by 17.45% to $1.25. The market value of their outstanding shares is at $358.2 million. </li>
<li>Greenidge Generation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) stock increased by 16.17% to $2.73. The market value of their outstanding shares is at $29.1 million. </li>
<li>Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) shares moved upwards by 12.5% to $284.37. The market value of their outstanding shares is at $77.8 billion. The company's, Q3 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Daqo New Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) stock fell 24.8% to $21.91 during Tuesday's regular session. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock declined by 24.67% to $11.16. The company's market cap stands at $1.3 billion. The company's, Q3 earnings came out yesterday. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares declined by 18.34% to $0.39. The market value of their outstanding shares is at $2.4 million. </li>
<li>Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares declined by 18.29% to $8.4. The market value of their outstanding shares is at $1.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) shares fell 14.73% to $9.01. The company's market cap stands at $102.1 million. </li>
<li>JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) shares decreased by 14.59% to $23.66. The company's market cap stands at $1.0 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

BKYI

CDNS

CETX

CVLT

GREE

HLIT

PHUN

12 Information Technology Stocks Moving In Tuesday's Intraday Session

Xerox Holdings Corp&nbsp;(NASDAQ:&nbsp;XRX) reported a fiscal third-quarter 2024 sales decline of 7.5% year-on-year to $1.53 billion, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41594454/xerox-releases-third-quarter-results" rel="noreferrer noopener">analyst consensus of $1.63 billion</a>.&nbsp;This was the company&#8217;s seventh consecutive quarter of revenue missing the expectations.
Revenues declined 7.3% at constant currency. Adjusted EPS of $0.25 missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst&nbsp;consensus estimate of $0.51</a>.&nbsp;
XRX stock dropped after the print on Tuesday.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41387676/xerox-snaps-up-itsavvy-for-400m-expanding-its-footprint-in-it-infrastructure" rel="noreferrer noopener">Xerox Snaps Up ITsavvy For $400M, Expanding Its Footprint In IT Infrastructure</a>
Equipment sales decreased by 12.2%, while post-sale revenue declined by 6.1%.&nbsp;
Gross margin was firm Y/Y at 32.4%. The equipment margin&nbsp;fell by 250 bps to 28.5%.&nbsp;The post-sale&nbsp;margin increased by 60 bps to 33.5%.
The company reported an adjusted operating income of $80 million, compared to $68 million last year, and the margin grew 110 basis points to 5.2%.
Xerox held $521 million in cash and equivalents as of September 30, 2024. Operating cash flow for the quarter totaled $116 million, with a free cash flow of $107 million.
&#8220;While equipment revenue fell short of expectations, we continue to see steady progress from Reinvention initiatives taken to date. Adjusted operating income and margin grew year-over-year, and the pending acquisition of ITsavvy will improve Xerox&#8217;s value proposition with clients, as well as the mix of revenue from growing businesses,&#8221; said Steve Bandrowczak, chief executive officer at Xerox.
FY24 Outlook: The company&nbsp;expects a revenue decline of 10% (prior 5%-6% decline)&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $6.42 billion</a>.&nbsp;The company projected a&nbsp;free cash flow guidance of $450 million– $500 million (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39959182/xerox-q2-revenue-declines-10-cuts-annual-outlook-but-ceo-anticipates-turnaround" rel="noreferrer noopener">prior $550 million–$600 million</a>).
Xerox maintained an adjusted operating margin outlook of around 5.0% (prior $6.5% – 7.5%).
Xerox Holdings stock plunged 43% year-to-date as the company missed the topline estimates for all <a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38383310/xerox-loses-steam-in-q1-stock-dips" rel="noreferrer noopener">three quarters of</a> 2024 due to a decline in equipment sales revenue.
Price Action: XRX stock is down 16.70% at $8.56 premarket at last check on Tuesday.
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Photo by Mats Wiklund via Shutterstock

Earnings

Guidance

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Xerox Clocks 7th Consecutive Revenue Miss Quarter In Q3, Slashes 2024 Outlook, Stock Tanks

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Tuesday.
Shares of TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) fell in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/10/41588309/transmedics-group-stock-sinks-on-q3-earnings-the-details">downbeat quarterly results</a>.
TransMedics reported quarterly earnings of 12 cents per share which missed the analyst consensus estimate of 30 cents per share. The company reported quarterly sales of $108.76 million which missed the analyst consensus estimate of $115.00 million.
TransMedics Group shares dipped 25.8% to $93.69 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>CVR Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>) shares dipped 25.8% to $17.68 in pre-market trading after the company reported weak quarterly results and said it will not pay cash dividend for the third quarter.</li>
<li>Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares fell 16.4% to $8.59 in pre-market trading after the company reported worse-than-expected third-quarter financial results and cut annual outlook.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) shares fell 15.8% to $12.48 in pre-market trading after reporting third-quarter results</li>
<li>Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares declined 11% to $26.27 after the company reported mixed third-quarter financial results.</li>
<li>Janus International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBI#NYSE">JBI</a>) fell 10.3% to $9.25 in pre-market trading after the company posted downbeat third-quarter results and lowered its sales forecast.</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) shares fell 10.3% to $123.80 in pre-market trading following third-quarter results.</li>
<li>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) dipped 10.1% to $26.20 in pre-market trading after gaining 14% on Monday.</li>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) shares fell 8% to $165.87 in pre-market trading after the company reported worse-than-expected fourth-quarter EPS and sales.</li>
<li>Check Point Software Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) fell 6% to $195.40 in pre-market trading following weak quarterly sales.</li>
</ul>
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TMDX

TransMedics Group Posts Weak Results, Joins Harmonic, Crocs, D.R. Horton And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) shares increased by 89.8% to $1.31 during Tuesday's pre-market session. The company's market cap stands at $3.9 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares moved upwards by 15.96% to $0.32. </li>
<li>Veea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) stock rose 11.79% to $4.36. The market value of their outstanding shares is at $155.3 million. </li>
<li>Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) stock moved upwards by 11.71% to $1.43. The company's market cap stands at $134.7 million. </li>
<li>Datasea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTSS#NASDAQ">DTSS</a>) shares increased by 11.34% to $2.65. The company's market cap stands at $18.7 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares moved upwards by 10.95% to $11.95. The market value of their outstanding shares is at $196.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock fell 18.6% to $12.07 during Tuesday's pre-market session. The company's market cap stands at $1.4 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares fell 16.53% to $8.58. The market value of their outstanding shares is at $1.0 billion. As per the press release, Q3 earnings came out today. </li>
<li>Iveda Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) stock declined by 14.46% to $1.42. The company's market cap stands at $3.2 million. </li>
<li>Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares declined by 13.35% to $25.59. The company's market cap stands at $6.3 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock decreased by 9.58% to $9.55. The company's market cap stands at $108.2 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock declined by 9.36% to $0.44. The company's market cap stands at $2.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATGL

DTSS

IVDA

QUBT

VEEA

12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) shares rose 89.8% to $1.31 during Tuesday's pre-market session. The company's market cap stands at $3.9 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock moved upwards by 15.96% to $0.32. </li>
<li>Veea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares rose 11.79% to $4.36. The market value of their outstanding shares is at $155.3 million. </li>
<li>Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) stock rose 11.71% to $1.43. The market value of their outstanding shares is at $134.7 million. </li>
<li>Datasea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTSS#NASDAQ">DTSS</a>) shares moved upwards by 11.34% to $2.65. The market value of their outstanding shares is at $18.7 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares rose 10.95% to $11.95. The company's market cap stands at $196.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock fell 18.6% to $12.07 during Tuesday's pre-market session. The market value of their outstanding shares is at $1.4 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) stock declined by 16.53% to $8.58. The market value of their outstanding shares is at $1.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Iveda Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) stock fell 14.46% to $1.42. The company's market cap stands at $3.2 million. </li>
<li>Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) stock decreased by 13.35% to $25.59. The company's market cap stands at $6.3 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock decreased by 9.58% to $9.55. The market value of their outstanding shares is at $108.2 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock decreased by 9.36% to $0.44. The company's market cap stands at $2.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

WIIM

Xerox shares are trading lower after the company reported worse-than-expected Q3 financial results and cut annual outlook.

2024 Guidance Update
<ul>
<li>Revenue: from a decline of 5% to 6% in constant currency1 to a decline of around 10% in constant currency 1</li>
<li>Adjusted 1 Operating Margin: from at least 6.5% to around 5.0%</li>
<li>Free cash flow1: from at least $550 million to a range of $450 to $500 million</li>
</ul>
2024 guidance excludes any impact from the pending acquisition of ITsavvy. Revenue guidance was lowered to reflect additional reductions in non-strategic revenue and lower-than-expected equipment sales. Adjusted 1 operating income margin guidance was lowered primarily to reflect the reduction in revenue guidance. Free cash flow1 guidance was lowered to reflect the after-tax impact of lower adjusted 1 operating income margin guidance.

Xerox Cuts FY24 Outlook: See Revenue Decline of 10% (5%-6% Prior), Adj. Op Margin Of 5% (At least 6.5% Prior), FCF $450M-$500M ($550M Prior)

Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) reported quarterly earnings of $0.25 per share which missed the analyst consensus estimate of $0.51 by 50.98 percent. This is a 45.65 percent decrease over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $1.53 billion which missed the analyst consensus estimate of $1.63 billion by 6.05 percent. This is a 7.51 percent decrease over sales of $1.65 billion the same period last year.

Earnings Misses

Xerox Q3 2024 Adj EPS $0.25 Misses $0.51 Estimate, Sales $1.53B Miss $1.63B Estimate

Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-10-29. Here's what investors need to know before the announcement.
Analysts estimate that Xerox Holdings will report an earnings per share (EPS) of $0.54. 
The announcement from Xerox Holdings is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company missed EPS by $0.14, leading to a 1.94% increase in the share price the following trading session.
Here's a look at Xerox Holdings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.43</td>
<td>0.35</td>
<td>0.53</td>
<td>0.35</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.29</td>
<td>0.06</td>
<td>0.43</td>
<td>0.46</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>-3.0%</td>
<td>5.0%</td>
<td>-4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730134896_0.png" alt="eps graph" />
<h3>Xerox Holdings Share Price Analysis</h3>
Shares of Xerox Holdings were trading at $9.95 as of October 25. Over the last 52-week period, shares are down 18.46%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Insights Shared by Analysts on Xerox Holdings</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Xerox Holdings.
Analysts have provided Xerox Holdings with 2 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $11.0, suggesting a potential 10.55% upside.
<h3>Peer Ratings Comparison</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Diebold Nixdorf and Corsair Gaming, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>Diebold Nixdorf is maintaining an Outperform status according to analysts, with an average 1-year price target of $55.0, indicating a potential 452.76% upside.</li>
<li>The consensus outlook from analysts is an Neutral trajectory for Corsair Gaming, with an average 1-year price target of $10.5, indicating a potential 5.53% upside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
The peer analysis summary presents essential metrics for Diebold Nixdorf and Corsair Gaming, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Xerox Holdings</td>
<td>Neutral</td>
<td>-10.03%</td>
<td>$520M</td>
<td>0.63%</td>
</tr>
<tr>
<td>Diebold Nixdorf</td>
<td>Outperform</td>
<td>1.90%</td>
<td>$243.20M</td>
<td>1.48%</td>
</tr>
<tr>
<td>Corsair Gaming</td>
<td>Neutral</td>
<td>-19.71%</td>
<td>$63.09M</td>
<td>-4.53%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Xerox Holdings ranks at the top for Gross Profit and Return on Equity among its peers. However, it ranks at the bottom for Revenue Growth.
<h3>Unveiling the Story Behind Xerox Holdings</h3>
Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.
<h3>Financial Milestones: Xerox Holdings's Journey</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Xerox Holdings's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -10.03%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Xerox Holdings's net margin excels beyond industry benchmarks, reaching 0.95%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Xerox Holdings's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.63%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.15%, the company showcases effective utilization of assets.
Debt Management: With a high debt-to-equity ratio of 1.4, Xerox Holdings faces challenges in effectively managing its debt levels, indicating potential financial strain.
<a href="https://www.benzinga.com/quote/XRX/earnings">To track all earnings releases for Xerox Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of Xerox Holdings's Earnings

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Methode Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>)</h3>
<ul>
<li>Dividend Yield: 5.42%</li>
<li>Jefferies analyst Saree Boroditsky initiated coverage on the stock with a Hold rating and a price target of $12 on April 9. This analyst has an accuracy rate of 60%.</li>
<li>Sidoti &amp; Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Sept. 12, Methode Electronics' board named Mark Schwabero as new Chairman of the Board.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1">latest MEI news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="887" height="825" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060259/image-213.png" alt="" class="wp-image-609208" style="width:654px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060259/image-213.png 887w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060259/image-213-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060259/image-213-768x714.png 768w" sizes="(max-width: 887px) 100vw, 887px" /></a></figure>
<h3 class="wp-block-heading">HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</h3>
<ul>
<li>Dividend Yield: 3.04%</li>
<li>Citigroup analyst Asiya Merchant downgraded the stock from Buy to Neutral with a price target of $37 on Oct. 1. This analyst has an accuracy rate of 78%.</li>
<li>B of A Securities analyst Wamsi Mohan downgraded the stock from Buy to Neutral with a price target of $37 on Sept. 27. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: On Aug. 28, HP reported better-than-expected third-quarter financial results and increased its share repurchase authorization to $10 billion in</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1">latest HPQ news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="906" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060305/image-214.png" alt="" class="wp-image-609209" style="width:695px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060305/image-214.png 906w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060305/image-214-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23060305/image-214-768x713.png 768w" sizes="(max-width: 906px) 100vw, 906px" /></a></figure>
<h3 class="wp-block-heading">Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 9.61%</li>
<li>JP Morgan analyst Samik Chatterjee maintained an Underweight rating and cut the price target from $13 to $11 on Oct. 21. This analyst has an accuracy rate of 71%.</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and slashed the price target from $14 to $11 on Aug. 14. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: Xerox will host a live audio webcast at 8 a.m. ET on Tuesday, Oct. 29, to discuss the company&#8217;s third-quarter results.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1">trend in XRX stock</a>. </li>
</ul>
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Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields

JP Morgan analyst Samik Chatterjee maintains Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) with a Underweight and lowers the price target from $13 to $11.

JP Morgan Maintains Underweight on Xerox Holdings, Lowers Price Target to $11

Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Thursday.</a>
The firm has agreed to acquire ITsavvy, an Oak Brook, Illinois-based provider of integrated IT products <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41380147/xerox-acquires-itsavvy-to-grow-it-services-presence" rel="noreferrer noopener">and services, for $400 million.</a>
ITsavvy, founded in 2004, provides integrated IT infrastructure solutions and has grown its revenue to over&nbsp;$400 million&nbsp;on a trailing twelve-month basis.
This deal amount includes a $180 million cash payment and secured promissory notes totaling $220 million, subject to standard pre- and post-closing adjustments.
&#8220;As part of our Reinvention we have created a greater organizational focus on our emerging IT Services capabilities to diversify our revenue streams in the geographies we serve,&#8221; said John Bruno, president and chief operating officer at Xerox.&nbsp;
The transaction is expected to close in the fourth quarter of 2024 and is pending merger clearance.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/short-ideas/24/10/41379166/spirit-airlines-struggles-to-regain-altitude-as-competitors-soar-bankruptcy-concerns-in" rel="noreferrer noopener">Spirit Airlines Struggles To Regain Altitude As Competitors Soar, Bankruptcy Concerns Intensify</a>
ITsavvy is currently a portfolio company of GenNx360 Capital Partners, a New York-based private equity firm.
The company expects the acquisition to be immediately accretive to adjusted earnings per share and free cash flow. Xerox management will further discuss the acquisition during its third quarter 2024 results.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, XRX stock has lost over 25% in the past year. Investors can gain exposure to the stock via&nbsp;Pacer US Small Cap Cash Cows 100 ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CALF#BATS">CALF</a>) and&nbsp;Small Cap US Equity Select ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNSC#NASDAQ">RNSC</a>).
Price Action: XRX shares are trading higher by 4.25% to $10.93 at last check Thursday.
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Equities

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CALF

First Trust Small Cap US Equity Select ETF

RNSC

Xerox Snaps Up ITsavvy For $400M, Expanding Its Footprint In IT Infrastructure

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.xerox.com%2Fen-us%2Fservices%2Fit-services&amp;esheet=54137061&amp;newsitemid=20241017700413&amp;lan=en-US&amp;anchor=Xerox+Holdings+Corporation&amp;index=1&amp;md5=a8d3ddd32326a2dd2f9f66b66134de71">Xerox Holdings Corporation</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) today announced it has agreed to acquire <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.itsavvy.com%2F&amp;esheet=54137061&amp;newsitemid=20241017700413&amp;lan=en-US&amp;anchor=ITsavvy&amp;index=2&amp;md5=47f1bda3b20177e9fe6424cceec8774b">ITsavvy</a>, 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.

Xerox Acquires ITsavvy To Grow IT Services Presence For $400M

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 9.81%</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and lowered the price target from $14 to $11 on Aug. 14. This analyst has an accuracy rate of 75%.</li>
<li>Citigroup analyst Asiya Merchant initiated coverage on the stock with a Sell rating and a price target of $11 on June 28. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Sept. 17, Xerox said CFO Xavier Heiss will retire on Feb. 1, 2025.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100924&amp;t=be2bearmibe3na1">latest XRX news.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="878" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071017/image-59.png" alt="" class="wp-image-587363" style="width:636px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071017/image-59.png 878w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071017/image-59-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071017/image-59-768x724.png 768w" sizes="(max-width: 878px) 100vw, 878px" /></a></figure>
<h3 class="wp-block-heading">HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</h3>
<ul>
<li>Dividend Yield: 3.06%</li>
<li>Citigroup analyst Asiya Merchant downgraded the stock from Buy to Neutral with a price target of $37 on Oct. 1. This analyst has an accuracy rate of 74%.</li>
<li>B of A Securities analyst Wamsi Mohan downgraded the stock from Buy to Neutral with a price target of $37 on Sept. 27. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Sept. 25, HP reported the acquisition of Vyopta for an undisclosed price.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100924&amp;t=be2bearmibe3na1">latest HPQ news.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="825" height="772" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071034/image-60.png" alt="" class="wp-image-587364" style="width:600px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071034/image-60.png 825w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071034/image-60-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09071034/image-60-768x719.png 768w" sizes="(max-width: 825px) 100vw, 825px" /></a></figure>
<h3 class="wp-block-heading">Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>)</h3>
<ul>
<li>Dividend Yield: 3.03%</li>
<li>Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating and raised the price target from $55 to $60 on Sept. 20. This analyst has an accuracy rate of 74%.</li>
<li>New Street Research analyst Pierre Ferragu upgraded the stock from Neutral to Buy with a price target of $57 on Aug. 15. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Oct. 1, VAST Data expanded its partnership with Cisco to deliver end-to-end, full stack AI infrastructure.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100924&amp;t=be2bearmibe3na1"> trend in CSCO stock</a>. </li>
</ul>
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CSCO

Wall Street's Most Accurate Analysts Spotlight On 3 Tech Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 9.83%</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and cut the price target from $14 to $11 on Aug. 14. This analyst has an accuracy rate of 74%.</li>
<li>Citigroup analyst Asiya Merchant initiated coverage on the stock with a Sell rating and a price target of $11 on June 28. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On Sept. 17, Xerox said CFO Xavier Heiss will retire on Feb. 1, 2025.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1">latest XRX news.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="810" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050204/image-184.png" alt="" class="wp-image-562635" style="width:682px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050204/image-184.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050204/image-184-300x268.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050204/image-184-768x686.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Methode Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>)</h3>
<ul>
<li>Dividend Yield: 4.93%</li>
<li>Jefferies analyst Saree Boroditsky initiated coverage on the stock with a Hold rating and a price target of $12 on April 9. This analyst has an accuracy rate of 60%</li>
<li>Sidoti &amp; Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Sept. 12, Methode Electronics&#8217; board named Mark Schwabero as new Chairman of the Board.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify th<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1">e trend in MEI stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050309/image-185.png" alt="" class="wp-image-562636" style="width:674px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050309/image-185.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050309/image-185-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24050309/image-185-768x704.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</h3>
<ul>
<li>Dividend Yield: 3.13%</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and cut the price target from $37 to $35 on Sept. 5. This analyst has an accuracy rate of 75%.</li>
<li>Barclays analyst Tim Long maintained an Equal-Weight rating and lowered the price target from $33 to $32 on Aug. 29. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Aug. 28, HP reported better-than-expected third-quarter financial results and increased its share repurchase authorization to $10 billion in total.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092424&amp;t=be2bearmibe3na1">breakout in HPQ shares. </a></li>
</ul>
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Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks Delivering High-Dividend Yields

Company chief accounting officer Mirlanda Gecaj appointed as successor
Xerox today announced that after over 30 years with the company, Xavier Heiss has decided to retire, effective Feb. 1, 2025. Heiss has served as Chief Financial Officer since 2021.
"Xavier has been a driving force behind many of the transformative initiatives that have reshaped our company, leading us through critical phases of Reinvention and setting us on a path of sustainable growth," said Steve Bandrowczak, chief executive officer at Xerox. "I want to express my deepest gratitude to Xavier for his exceptional service to Xerox over the past three decades, and I wish him well in retirement next year."
Mirlanda Gecaj, vice president and chief accounting officer at Xerox, will serve as Heiss's successor beginning Feb. 1, 2025. Gecaj joined the company in 2022 and has leveraged her extensive experience in accounting, finance, internal audit, and shared services to enhance Xerox's financial operations and reporting over the past three years.

Management

Xerox Announces CFO Xavier Heiss To Retire February 1, 2025; Mirlanda Gecaj, Vice President And Chief Accounting Officer At Xerox, Will Serve As Heiss's Successor

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the information technology sector.
<h3 class="wp-block-heading">Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>)</h3>
<ul>
<li>Dividend Yield: 9.77%</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and cut the price target from $14 to $11 on Aug. 14. This analyst has an accuracy rate of 76%.</li>
<li>Citigroup analyst Asiya Merchant initiated coverage on the stock with a Sell rating and a price target of $11 on June 28. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: On Sept. 5, Xerox and Taktiful Software Solutions announced intent to form new strategic partnership.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091024&amp;t=be2bearmibe3na1"> latest XRX news. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="895" height="831" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10075304/image-74.png" alt="" class="wp-image-539626" style="width:713px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10075304/image-74.png 895w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10075304/image-74-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10075304/image-74-768x713.png 768w" sizes="(max-width: 895px) 100vw, 895px" /></a></figure>
<h3 class="wp-block-heading">International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)</h3>
<ul>
<li>Dividend Yield: 3.28%</li>
<li>UBS analyst David Vogt maintained a Sell rating and raised the price target from $130 to $145 on Sept. 4. This analyst has an accuracy rate of 72%.</li>
<li>Jefferies analyst Brent Thill maintained a Hold rating and boosted the price target from $190 to $200 on July 25. This analyst has an accuracy rate of 78%.</li>
<li>Recent News: On Sept. 9, IBM announced its intent to acquire Accelalpha, a global Oracle services provider.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091024&amp;t=be2bearmibe3na1"> trend in IBM stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="840" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10075339/image-75.png" alt="" class="wp-image-539630" style="width:707px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10075339/image-75.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10075339/image-75-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10075339/image-75-768x704.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
<h3 class="wp-block-heading">Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>)</h3>
<ul>
<li>Dividend Yield: 2.95%</li>
<li>Loop Capital analyst Ananda Baruah maintained a Hold rating and raised the price target from $16 to $18 on Sept. 9. This analyst has an accuracy rate of 74%.</li>
<li>B of A Securities analyst Wamsi Mohan maintained a Neutral rating and cut the price target from $24 to $21 on Sept. 5. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Sept. 9, Hewlett Packard Enterprise announced it has commenced a public offering of $1.35 billion of Series C mandatory convertible preferred stock.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091024&amp;t=be2bearmibe3na1">breakout in HPE shares. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="886" height="840" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10075428/image-76.png" alt="" class="wp-image-539631" style="width:672px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10075428/image-76.png 886w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10075428/image-76-300x284.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/10075428/image-76-768x728.png 768w" sizes="(max-width: 886px) 100vw, 886px" /></a></figure>
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Wall Street's Most Accurate Analysts Weigh In On 3 Tech Stocks Delivering High-Dividend Yields

Xerox Non-GAAP EPS of $0.25 misses by $0.26, revenue of $1.53B misses by $100M

Reports Q3 revenue $1.53B, consensus $1.63B. "While equipment revenue fell short of expectations, we continue to see steady progress from Reinventi...

Xerox reports Q3 adjusted EPS 25c, consensus 51c

2023 revenue was $6.89B. Consensus for 2024 revenue is $6.42B. Lowers 2024 adjusted operating margin to around 5.0% from at least 6.5%. Continues t...

Xerox lowers 2024 revenue growth view to down 10% from down 5%-6%

Xerox Holdings Corporation 2024 Q3 - Results - Earnings Call Presentation

Xerox Holdings (XRX) Q3 2024 Earnings Call Transcript

Xerox (XRX – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Erik Woodring from Morgan S...

Cautious Outlook on Xerox Amid Revenue Decline and Execution Risks: Sell Rating Reaffirmed

Morgan Stanley analyst Erik Woodring lowered the firm's price target on Xerox (XRX) to $8 from $10 and keeps an Underweight rating on the shares. Q...

Xerox price target lowered to $8 from $10 at Morgan Stanley

Xerox Holdings: Earnings Growth Remains Fundamentally Challenged

Xerox declares $0.25 dividend

THE LAWSUIT: A class action securities lawsuit was filed against Xerox Holdings Corporation (XRX) that seeks to recover losses of Xerox Holdings Co...

Levi & Korsinsky LLP Notifies Xerox Holdings Corporation Investors of a Class Action Lawsuit and Upcoming Deadline – XRX

Press Releases

XEROX HOLDINGS CORPORATION (NASDAQ: XRX) INVESTOR ALERT: Investors With Large Losses in Xerox Holdings Corporation Should Contact Bernstein Liebhard LLP To Discuss Their Rights

Rosen Law Firm Urges Xerox Holdings Corporation (NASDAQ: XRX) Stockholders with Large Losses to Contact the Firm for Information About Their Rights

Small Cap

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Xerox Holdings Corporation (XRX)

Legal

XRX INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Xerox Holdings Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

XRX Investors Have Opportunity to Lead Xerox Holdings Corporation Securities Fraud Lawsuit with the Schall Law Firm

Shareholders that lost money on Xerox Holdings Corporation(XRX) should contact The Gross Law Firm about pending Class Action - XRX

Faruqi & Faruqi Reminds Xerox Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 21, 2025 – XRX

Faruqi & Faruqi Reminds Xerox Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 21, 2025 - XRX

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Xerox Holdings Corporation (XRX)

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