Teacher Retirement System of Texas increased its position in shares of Lexmark International Inc. (NYSE:LXK) by 13.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 8,641 shares of the company’s stock after buying an additional 1,045 shares during the period. Teacher Retirement System of Texas’ holdings in Lexmark International were worth $326,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Aperio Group LLC boosted its stake in shares of Lexmark International by 22.3% in the first quarter. Aperio Group LLC now owns 42,543 shares of the company’s stock worth $1,422,000 after buying an additional 7,768 shares during the period. FNY Managed Accounts LLC acquired a new stake in shares of Lexmark International during the second quarter valued at approximately $642,000. BlackRock Group LTD boosted its stake in shares of Lexmark International by 12.6% in the first quarter. BlackRock Group LTD now owns 57,251 shares of the company’s stock valued at $1,916,000 after buying an additional 6,408 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Lexmark International by 21.4% in the first quarter. BlackRock Inc. now owns 28,658 shares of the company’s stock valued at $958,000 after buying an additional 5,061 shares during the last quarter. Finally, Kassirer Asset Management Corp acquired a new stake in shares of Lexmark International during the second quarter valued at approximately $4,153,000. Hedge funds and other institutional investors own 84.36% of the company’s stock.
Lexmark International Inc. (NYSE:LXK) opened at 39.93 on Friday. The company has a 50-day moving average price of $37.10 and a 200 day moving average price of $36.75. The company’s market cap is $2.51 billion. Lexmark International Inc. has a 12-month low of $24.11 and a 12-month high of $40.25.
Lexmark International (NYSE:LXK) last released its quarterly earnings results on Friday, July 29th. The company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.06. The business earned $865 million during the quarter, compared to analysts’ expectations of $855.23 million. Lexmark International had a positive return on equity of 15.79% and a negative net margin of 2.89%. During the same period last year, the firm posted $0.97 EPS. On average, analysts forecast that Lexmark International Inc. will post $2.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.44 annualized dividend and a yield of 3.61%. Lexmark International’s payout ratio is currently -89.44%.
Separately, Zacks Investment Research cut Lexmark International from a “hold” rating to a “strong sell” rating in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average 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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