Quad Graphics, Inc $QUAD Stock Sold by Inspire Investing LLC

Key Points

• Inspire Investing cut its Quad Graphics stake by 76.4% in the third quarter, selling 223,657 shares and retaining 69,023 shares valued at approximately $637,000. Institutional investors collectively own 39.52% of the company.
• Analyst sentiment remains favorable, with three Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $12.00. Rosenblatt Securities and Benchmark both raised their targets to $13.00.
• Quad Graphics reported quarterly EPS of $0.35, below the $0.37 estimate, while revenue of $586.7 million exceeded forecasts. The company also declared a quarterly dividend of $0.10 per share, representing a 5.1% annualized yield.

Inspire Investing LLC trimmed its position in Quad Graphics, Inc (NYSE:QUAD - Free Report) by 76.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,023 shares of the business services provider's stock after selling 223,657 shares during the quarter. Inspire Investing LLC owned approximately 0.13% of Quad Graphics worth $637,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in QUAD. Bank of New York Mellon Corp bought a new stake in Quad Graphics during the second quarter worth about $3,506,000. Kathmere Capital Management LLC grew its stake in shares of Quad Graphics by 51.7% in the first quarter. Kathmere Capital Management LLC now owns 19,878 shares of the business services provider's stock worth $131,000 after purchasing an additional 6,778 shares during the last quarter. Cetera Investment Advisers increased its position in Quad Graphics by 30.5% during the 1st quarter. Cetera Investment Advisers now owns 46,365 shares of the business services provider's stock valued at $306,000 after purchasing an additional 10,849 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Quad Graphics by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,135,439 shares of the business services provider's stock valued at $7,506,000 after purchasing an additional 16,815 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Quad Graphics during the first quarter valued at approximately $119,000. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on QUAD shares. Zacks Research cut shares of Quad Graphics from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 2nd. Weiss Ratings upgraded Quad Graphics from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Rosenblatt Securities boosted their price objective on Quad Graphics from $9.80 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, Benchmark raised their target price on shares of Quad Graphics from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.00.

Quad Graphics Stock Performance

Shares of Quad Graphics stock opened at $7.79 on Friday. The company has a market capitalization of $400.83 million, a PE ratio of 14.70 and a beta of 1.12. The company has a 50-day simple moving average of $9.65 and a two-hundred day simple moving average of $8.05. Quad Graphics, Inc has a one year low of $5.12 and a one year high of $11.15. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.60 and a current ratio of 0.87.

Quad Graphics (NYSE:QUAD - Get Free Report) last announced its earnings results on Wednesday, October 28th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $586.70 million for the quarter, compared to analyst estimates of $583.27 million. Quad Graphics had a net margin of 1.12% and a return on equity of 47.06%. Research analysts expect that Quad Graphics, Inc will post 1.27 EPS for the current fiscal year.

Quad Graphics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $0.40 dividend on an annualized basis and a yield of 5.1%. Quad Graphics's payout ratio is 75.47%.

About Quad Graphics

Quad NYSE: QUAD, formerly Quad/Graphics, is a marketing experience company that helps organizations plan, create, produce and distribute marketing communications. Its services span creative and content development, data and analytics, media planning and buying, marketing management, and production.

The company also provides commercial printing, packaging, direct mail, in-store marketing materials and other physical communications. By combining these capabilities with digital and technology services, Quad supports integrated marketing programs designed to connect brands with consumers across print, digital and other channels.

Quad was founded in 1971 by Harry V.

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