Schroder Investment Management Group boosted its holdings in Quad/Graphics, Inc. (NYSE:QUAD) by 1,871.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,177 shares of the business services provider’s stock after buying an additional 119,777 shares during the quarter. Schroder Investment Management Group owned approximately 0.24% of Quad/Graphics worth $2,629,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. United Services Automobile Association raised its holdings in Quad/Graphics by 66.2% during the 2nd quarter. United Services Automobile Association now owns 70,364 shares of the business services provider’s stock worth $1,466,000 after purchasing an additional 28,015 shares during the last quarter. Swiss National Bank raised its holdings in Quad/Graphics by 9.9% during the 2nd quarter. Swiss National Bank now owns 57,500 shares of the business services provider’s stock worth $1,198,000 after purchasing an additional 5,200 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Quad/Graphics by 66.9% during the 2nd quarter. GSA Capital Partners LLP now owns 36,962 shares of the business services provider’s stock worth $770,000 after purchasing an additional 14,814 shares during the last quarter. Peregrine Capital Management LLC raised its holdings in Quad/Graphics by 117.8% during the 3rd quarter. Peregrine Capital Management LLC now owns 238,030 shares of the business services provider’s stock worth $4,961,000 after purchasing an additional 128,722 shares during the last quarter. Finally, Mackay Shields LLC raised its holdings in Quad/Graphics by 71.3% during the 2nd quarter. Mackay Shields LLC now owns 220,707 shares of the business services provider’s stock worth $4,597,000 after purchasing an additional 91,873 shares during the last quarter. Institutional investors and hedge funds own 52.99% of the company’s stock.
Several research analysts have issued reports on QUAD shares. Zacks Investment Research upgraded shares of Quad/Graphics from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Wednesday, August 22nd. Sanford C. Bernstein lowered shares of Quad/Graphics from an “outperform” rating to a “market perform” rating in a report on Thursday, August 23rd. ValuEngine lowered shares of Quad/Graphics from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Buckingham Research raised their price target on shares of Quad/Graphics from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $28.50.
NYSE:QUAD opened at $14.51 on Friday. The firm has a market capitalization of $797.80 million, a PE ratio of 8.39 and a beta of 1.50. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.27 and a quick ratio of 0.81. Quad/Graphics, Inc. has a twelve month low of $14.40 and a twelve month high of $31.29.
Quad/Graphics (NYSE:QUAD) last released its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. Quad/Graphics had a net margin of 2.03% and a return on equity of 18.09%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. Analysts forecast that Quad/Graphics, Inc. will post 1.8 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Monday, November 19th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 16th. This represents a $1.20 annualized dividend and a dividend yield of 8.27%. Quad/Graphics’s dividend payout ratio is currently 66.67%.
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Quad/Graphics, Inc provides print and marketing services in the United States, Europe, Latin America, and internationally. It operates through United States Print and Related Services, and International segments. The company offers printing services, including 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 paper procurement services.
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