252,887 Shares in Quad Graphics, Inc $QUAD Bought by Inspire Investing LLC

Inspire Investing LLC acquired a new stake in shares of Quad Graphics, Inc (NYSE:QUAD) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 252,887 shares of the business services provider’s stock, valued at approximately $1,672,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in shares of Quad Graphics by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 95,072 shares of the business services provider’s stock valued at $628,000 after acquiring an additional 1,553 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Quad Graphics by 0.3% during the second quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider’s stock worth $3,977,000 after purchasing an additional 1,837 shares in the last quarter. American Century Companies Inc. increased its position in shares of Quad Graphics by 3.8% in the second quarter. American Century Companies Inc. now owns 70,767 shares of the business services provider’s stock worth $400,000 after purchasing an additional 2,558 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Quad Graphics by 10.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 29,936 shares of the business services provider’s stock worth $188,000 after purchasing an additional 2,861 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Quad Graphics by 17.0% in the third quarter. Mackenzie Financial Corp now owns 19,893 shares of the business services provider’s stock worth $125,000 after purchasing an additional 2,885 shares during the last quarter. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

QUAD has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Quad Graphics from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Quad Graphics in a report on Monday, April 27th. Finally, Benchmark started coverage on shares of Quad Graphics in a research report on Tuesday, April 7th. They issued a “buy” rating and a $10.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Quad Graphics presently has an average rating of “Moderate Buy” and a consensus price target of $9.93.

Quad Graphics Stock Performance

Shares of NYSE QUAD opened at $8.43 on Wednesday. The stock’s 50-day moving average is $7.56 and its 200 day moving average is $6.91. The stock has a market cap of $434.44 million, a price-to-earnings ratio of 15.05 and a beta of 1.15. Quad Graphics, Inc has a 1-year low of $5.01 and a 1-year high of $8.64. The company has a current ratio of 0.94, a quick ratio of 0.65 and a debt-to-equity ratio of 3.04.

Quad Graphics (NYSE:QUAD) last issued its earnings results on Tuesday, April 28th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. Quad Graphics had a return on equity of 47.27% and a net margin of 1.16%.The business had revenue of $581.00 million during the quarter, compared to analyst estimates of $581.07 million. On average, sell-side analysts anticipate that Quad Graphics, Inc will post 1.2 EPS for the current fiscal year.

Quad Graphics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Thursday, May 21st were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.7%. Quad Graphics’s dividend payout ratio is 71.43%.

Quad Graphics Company Profile

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.