November 30, 2016 - By Darrin Black · 0 Comments
Lexmark International Inc (NYSE:LXK) institutional sentiment decreased to 1.1 in Q2 2016. Its down -0.11, from 1.21 in 2016Q1. The ratio dropped, as 125 funds opened new or increased equity positions, while 103 trimmed and sold equity positions in Lexmark International Inc. The funds in our partner’s database now possess: 51.48 million shares, down from 53.33 million shares in 2016Q1. Also, the number of funds holding Lexmark International Inc in their top 10 equity positions increased from 0 to 3 for an increase of 3. Sold All: 48 Reduced: 55 Increased: 75 New Position: 50.
Lexmark International, Inc. is a developer, maker and supplier of printing, imaging, device management, managed print services , document workflow, and business process and content management solutions. The company has a market cap of $. The Firm operates through two divisions: Imaging Solutions and Services (ISS) and Enterprise Software. It currently has negative earnings. The Company’s ISS segment offers a portfolio of color and monochrome laser printers and laser multifunction printers (MFPs), as well as supplies, software applications, software solutions and MPS.
It is down 4.63% since April 27, 2016 and is uptrending. It has underperformed by 0.60% the S&P500.
Analysts await Lexmark International Inc (NYSE:LXK) to report earnings on February, 28. They expect $1.07 EPS, down 7.76% or $0.09 from last year’s $1.16 per share. After $0.77 actual EPS reported by Lexmark International Inc for the previous quarter, Wall Street now forecasts 38.96% EPS growth.
Odey Asset Management Group Ltd holds 5.76% of its portfolio in Lexmark International Inc for 1.71 million shares. Halcyon Management Partners Lp owns 575,705 shares or 5.39% of their US portfolio. Moreover, Puplava Financial Services Inc. has 2.54% invested in the company for 119,727 shares. The Arkansas-based Foundation Resource Management Inc has invested 2.32% in the stock. Alpine Associates Management Inc., a New Jersey-based fund reported 1.01 million shares.#img1#
Ratings analysis reveals 0 of Lexmark International Inc.’s analysts are positive. Out of 4 Wall Street analysts rating Lexmark International Inc., 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $31 while the high is $36.0. The stock’s average target of $33.50 is 0.00% above today’s ($0) share price. LXK was included in 8 notes of analysts from July 22, 2015. The company was upgraded on Wednesday, August 5 by Bernstein. Standpoint Research upgraded the shares of LXK in a report on Thursday, January 7 to “Buy” rating. On Thursday, February 18 the stock rating was upgraded by Credit Suisse to “Neutral”. As per Wednesday, April 20, the company rating was downgraded by Standpoint Research. On Wednesday, October 7 the stock rating was upgraded by Citigroup to “Neutral”. Standpoint Research downgraded Lexmark International Inc (NYSE:LXK) on Friday, October 23 to “Hold” rating. The company was upgraded on Wednesday, August 26 by Standpoint Research.
Lexmark International, Inc., incorporated on May 25, 1990, is a developer, maker and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. The Firm operates through two divisions: Imaging Solutions and Services (ISS) and Enterprise Software. The Firm operates in the office printing and imaging, enterprise content management (ECM), business process management (BPM), document output management (DOM)/customer communications management (CCM), intelligent content capture and data extraction and enterprise search software markets. The Company’s products include laser printers and multifunction devices, dot matrix printers and the associated supplies/solutions/services. They also include an integrated suite of ECM, BPM and DOM/CCM that includes case management, electronic signature, process analytics, information and application integration, intelligent content capture and data extraction, enterprise search and medical imaging vendor neutral archive (VNA) software products and solutions. The Firm develops and owns the technology for its printing and imaging products and its software related to MPS and content and process management solutions.
More notable recent Lexmark International Inc (NYSE:LXK) news were published by: Reuters.com which released: “BRIEF-Apex Technology and units fully buy Lexmark International,Inc.” on November 30, 2016, also Blogs.Wsj.com with their article: “CFO Moves: Lexmark International, Glen Burnie Bancorp, Smith & Nephew” published on November 30, 2016, Forbes.com published: “Ex-Dividend Reminder: Fair Isaac, Analog Devices and Lexmark International” on November 28, 2016. More interesting news about Lexmark International Inc (NYSE:LXK) were released by: Fool.com and their article: “Lexmark International Inc. Stock Jumps as Buyout Looks Close” published on September 30, 2016 as well as Forbes.com‘s news article titled: “Lexmark International is Oversold” with publication date: September 27, 2016.
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By Darrin Black