Systematic Financial Management LP lifted its stake in Quad Graphics, Inc (NYSE:QUAD) by 2.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 272,282 shares of the business services provider’s stock after buying an additional 7,505 shares during the quarter. Systematic Financial Management LP owned approximately 0.72% of Quad Graphics worth $6,241,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its holdings in shares of Quad Graphics by 11.8% in the second quarter. Schroder Investment Management Group now owns 10,247 shares of the business services provider’s stock worth $233,000 after buying an additional 1,081 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its holdings in shares of Quad Graphics by 59.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 36,117 shares of the business services provider’s stock worth $827,000 after buying an additional 13,399 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Quad Graphics by 1,035.0% in the second quarter. LSV Asset Management now owns 295,100 shares of the business services provider’s stock worth $6,763,000 after buying an additional 269,100 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Quad Graphics by 17.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 88,490 shares of the business services provider’s stock worth $2,028,000 after buying an additional 13,330 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Quad Graphics by 2.6% during the second quarter. JPMorgan Chase & Co. now owns 1,759,412 shares of the business services provider’s stock valued at $40,326,000 after purchasing an additional 44,078 shares in the last quarter. 51.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Quad Graphics, Inc (QUAD) opened at 19.32 on Tuesday. The stock has a market cap of $1.01 billion, a P/E ratio of 12.42 and a beta of 1.38. The company’s 50-day moving average is $19.77 and its 200-day moving average is $22.92. Quad Graphics, Inc has a 1-year low of $18.16 and a 1-year high of $29.04.
Quad Graphics (NYSE:QUAD) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. The company had revenue of $963.20 million for the quarter, compared to analyst estimates of $985.85 million. Quad Graphics had a return on equity of 22.79% and a net margin of 1.92%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. Equities analysts expect that Quad Graphics, Inc will post $1.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 21st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.20 dividend on an annualized basis and a yield of 6.21%. Quad Graphics’s payout ratio is currently 76.43%.
In other news, Director Douglas P. Buth acquired 2,600 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were bought at an average price of $18.74 per share, for a total transaction of $48,724.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 9.28% of the company’s stock.
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QUAD has been the topic of a number of recent research reports. TheStreet downgraded shares of Quad Graphics from a “b-” rating to a “c+” rating in a research note on Friday, August 4th. BidaskClub raised shares of Quad Graphics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th.
Quad Graphics Profile
Quad/Graphics, Inc is a marketing services provider. The Company’s segments are United States Print and Related Services, International and Corporate. The United States Print and Related Services segment consists of the Company’s United States printing operations. The United States Print and Related Services segment includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products, and global paper procurement.
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