Allspring Global Investments Holdings LLC Purchases New Position in Quad Graphics, Inc $QUAD

Allspring Global Investments Holdings LLC bought a new stake in shares of Quad Graphics, Inc (NYSE:QUAD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 30,864 shares of the business services provider’s stock, valued at approximately $174,000. Allspring Global Investments Holdings LLC owned about 0.06% of Quad Graphics as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. CWM LLC grew its stake in shares of Quad Graphics by 1,730.1% in the first quarter. CWM LLC now owns 5,106 shares of the business services provider’s stock worth $28,000 after acquiring an additional 4,827 shares during the period. Algert Global LLC bought a new stake in shares of Quad Graphics in the 1st quarter valued at about $66,000. Ieq Capital LLC acquired a new stake in Quad Graphics in the 1st quarter worth approximately $92,000. Jones Financial Companies Lllp boosted its stake in Quad Graphics by 1,135.6% in the 1st quarter. Jones Financial Companies Lllp now owns 18,941 shares of the business services provider’s stock worth $103,000 after purchasing an additional 17,408 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Quad Graphics during the 1st quarter worth approximately $132,000. 39.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on QUAD. Rosenblatt Securities lowered their target price on shares of Quad Graphics from $8.90 to $8.60 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quad Graphics in a report on Tuesday, October 14th. Wall Street Zen lowered shares of Quad Graphics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Barrington Research restated an “outperform” rating and set a $10.00 target price on shares of Quad Graphics in a research report on Tuesday, July 29th. Finally, Zacks Research downgraded Quad Graphics from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.30.

Quad Graphics Trading Up 2.1%

Shares of QUAD stock opened at $6.03 on Monday. The firm has a 50-day moving average price of $6.28 and a 200 day moving average price of $5.83. Quad Graphics, Inc has a twelve month low of $4.50 and a twelve month high of $9.13. The company has a market capitalization of $304.49 million, a price-to-earnings ratio of -18.85 and a beta of 1.38. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 4.85.

Quad Graphics (NYSE:QUAD) last announced its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Quad Graphics had a negative net margin of 0.55% and a positive return on equity of 70.06%. The business had revenue of $571.90 million for the quarter, compared to analyst estimates of $555.05 million. Research analysts forecast that Quad Graphics, Inc will post 1.08 earnings per share for the current fiscal year.

Quad Graphics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 17th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.0%. Quad Graphics’s dividend payout ratio (DPR) is presently -93.75%.

Quad Graphics Company Profile

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.