Swiss National Bank lifted its holdings in Quad/Graphics, Inc. (NYSE:QUAD) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,500 shares of the business services provider’s stock after purchasing an additional 5,200 shares during the period. Swiss National Bank owned 0.11% of Quad/Graphics worth $1,198,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. American Century Companies Inc. raised its holdings in Quad/Graphics by 2.6% in the 2nd quarter. American Century Companies Inc. now owns 298,089 shares of the business services provider’s stock worth $6,209,000 after acquiring an additional 7,594 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Quad/Graphics by 3.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 514,281 shares of the business services provider’s stock worth $10,713,000 after acquiring an additional 17,758 shares during the period. Systematic Financial Management LP raised its holdings in Quad/Graphics by 30.0% in the 2nd quarter. Systematic Financial Management LP now owns 71,272 shares of the business services provider’s stock worth $1,485,000 after acquiring an additional 16,450 shares during the period. SG Americas Securities LLC raised its holdings in Quad/Graphics by 48.3% in the 2nd quarter. SG Americas Securities LLC now owns 9,265 shares of the business services provider’s stock worth $193,000 after acquiring an additional 3,019 shares during the period. Finally, Strs Ohio raised its holdings in Quad/Graphics by 23.8% in the 2nd quarter. Strs Ohio now owns 39,600 shares of the business services provider’s stock worth $824,000 after acquiring an additional 7,600 shares during the period. 54.72% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on QUAD. Buckingham Research began coverage on shares of Quad/Graphics in a report on Monday, June 18th. They issued a “buy” rating and a $28.00 target price on the stock. ValuEngine upgraded shares of Quad/Graphics from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. TheStreet upgraded shares of Quad/Graphics from a “c” rating to a “b-” rating in a report on Wednesday, August 1st. Zacks Investment Research upgraded shares of Quad/Graphics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Wednesday, August 22nd. Finally, Sanford C. Bernstein downgraded shares of Quad/Graphics from an “outperform” rating to a “market perform” rating in a report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.50.
In related news, Director John C. Fowler sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $24.01, for a total value of $240,100.00. Following the sale, the director now owns 109,645 shares of the company’s stock, valued at $2,632,576.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer J. Kent sold 9,143 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $21.83, for a total transaction of $199,591.69. Following the completion of the sale, the executive vice president now directly owns 125,084 shares in the company, valued at approximately $2,730,583.72. The disclosure for this sale can be found here. Insiders own 7.70% of the company’s stock.
NYSE:QUAD opened at $20.80 on Monday. Quad/Graphics, Inc. has a 52-week low of $17.73 and a 52-week high of $31.29. The company has a current ratio of 1.24, a quick ratio of 0.83 and a debt-to-equity ratio of 2.00. The stock has a market cap of $1.03 billion, a PE ratio of 11.56 and a beta of 1.14.
Quad/Graphics (NYSE:QUAD) last posted its quarterly earnings data on Tuesday, July 31st. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.07. Quad/Graphics had a net margin of 1.95% and a return on equity of 18.66%. The company had revenue of $1.02 billion for the quarter. research analysts expect that Quad/Graphics, Inc. will post 1.89 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Monday, August 20th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, August 17th. This represents a $1.20 annualized dividend and a dividend yield of 5.77%. Quad/Graphics’s payout ratio is 66.67%.
Quad/Graphics declared that its board has approved a share buyback plan on Tuesday, July 31st that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 9.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Quad/Graphics Company Profile
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.
See Also: How to Invest in an Index Fund
Receive News & Ratings for Quad/Graphics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quad/Graphics and related companies with MarketBeat.com's FREE daily email newsletter.