Virginia Retirement Systems ET AL Acquires New Position in Lexmark International Inc. (LXK)
Virginia Retirement Systems ET AL acquired a new stake in shares of Lexmark International Inc. (NYSE:LXK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,600 shares of the company’s stock, valued at approximately $325,000.
Several other institutional investors also recently modified their holdings of LXK. Aperio Group LLC raised its position 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 valued at $1,422,000 after buying an additional 7,768 shares during the last quarter. 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. TIAA CREF Investment Management LLC increased its position in Lexmark International by 0.5% in the first quarter. TIAA CREF Investment Management LLC now owns 349,361 shares of the company’s stock valued at $11,679,000 after buying an additional 1,728 shares during the period. Teachers Advisors Inc. increased its position in Lexmark International by 43.7% in the first quarter. Teachers Advisors Inc. now owns 142,267 shares of the company’s stock valued at $4,756,000 after buying an additional 43,272 shares during the period. Finally, BlackRock Inc. increased its position in 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 period. 84.36% of the stock is currently owned by institutional investors.
Shares of Lexmark International Inc. (NYSE:LXK) opened at 40.14 on Monday. Lexmark International Inc. has a 12 month low of $24.11 and a 12 month high of $40.23. The firm’s market cap is $2.52 billion. The stock’s 50 day moving average is $36.57 and its 200 day moving average is $36.54.
Lexmark International (NYSE:LXK) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.06. Lexmark International had a positive return on equity of 15.79% and a negative net margin of 2.89%. The company earned $865 million during the quarter, compared to analyst estimates of $855.23 million. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Equities research analysts expect that Lexmark International Inc. will post $2.37 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Wednesday, August 31st. Lexmark International’s payout ratio is -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 equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock 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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