Louisiana State Employees Retirement System reduced its position in Lexmark International Inc. (NYSE:LXK) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,700 shares of the company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Lexmark International were worth $630,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc increased its position in Lexmark International by 967.4% in the first quarter. IFP Advisors Inc now owns 3,042 shares of the company’s stock valued at $102,000 after buying an additional 2,757 shares during the period. LS Investment Advisors LLC increased its position in Lexmark International by 78.2% in the second quarter. LS Investment Advisors LLC now owns 3,761 shares of the company’s stock valued at $142,000 after buying an additional 1,651 shares during the period. Legacy Private Trust Co. bought a new position in Lexmark International during the second quarter valued at approximately $205,000. Menta Capital LLC bought a new position in Lexmark International during the first quarter valued at approximately $214,000. Finally, IBM Retirement Fund increased its position in Lexmark International by 1.4% in the second quarter. IBM Retirement Fund now owns 6,247 shares of the company’s stock valued at $236,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 84.36% of the company’s stock.
Lexmark International Inc. (NYSE:LXK) traded up 0.08% during midday trading on Friday, reaching $39.93. 428,717 shares of the company were exchanged. Lexmark International Inc. has a 52 week low of $24.11 and a 52 week high of $40.25. The firm’s 50 day moving average price is $37.23 and its 200-day moving average price is $36.81. The stock’s market capitalization is $2.51 billion.
Lexmark International (NYSE:LXK) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $865 million for the quarter, compared to analysts’ expectations of $855.23 million. Lexmark International had a negative net margin of 2.89% and a positive return on equity of 15.79%. During the same quarter last year, the company earned $0.97 EPS. Equities analysts forecast that Lexmark International Inc. will post $2.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.44 dividend on an annualized basis and a yield of 3.61%. Lexmark International’s dividend payout ratio is currently -89.44%.
Separately, Zacks Investment Research downgraded shares of Lexmark International from a “hold” rating to a “strong sell” rating in a research note on Monday, August 8th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Lexmark International presently has a consensus rating of “Hold” and a consensus price target of $35.50.
Lexmark International Company Profile
Lexmark International, Inc is a developer, manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. The Company operates through two segments: Imaging Solutions and Services (ISS) and Enterprise Software.
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