Quad Graphics (NYSE:QUAD) Shares Cross Below 50 Day Moving Average – What’s Next?

Shares of Quad Graphics, Inc (NYSE:QUAD) passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $9.75 and traded as low as $9.18. Quad Graphics shares last traded at $9.2550, with a volume of 367,126 shares.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Quad Graphics in a research report on Friday, July 24th. Zacks Research raised shares of Quad Graphics from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Rosenblatt Securities lifted their price target on shares of Quad Graphics from $9.80 to $13.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Benchmark boosted their price target on Quad Graphics from $10.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $12.00.

Quad Graphics Stock Up 1.6%

The firm has a market cap of $484.34 million, a P/E ratio of 14.94 and a beta of 1.08. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 2.81. The business has a 50-day moving average price of $9.76 and a 200-day moving average price of $8.25.

Quad Graphics (NYSE:QUAD) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. Quad Graphics had a return on equity of 47.90% and a net margin of 1.31%.The firm had revenue of $577.50 million during the quarter, compared to the consensus estimate of $545.15 million. On average, equities analysts forecast that Quad Graphics, Inc will post 1.27 EPS for the current fiscal year.

Quad Graphics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 17th were issued a $0.10 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.40 annualized dividend and a dividend yield of 4.2%. Quad Graphics’s payout ratio is currently 63.49%.

Hedge Funds Weigh In On Quad Graphics

A number of hedge funds and other institutional investors have recently modified their holdings of QUAD. Bank of New York Mellon Corp purchased a new position in Quad Graphics during the 2nd quarter worth $3,506,000. Inspire Investing LLC acquired a new position in Quad Graphics during the 1st quarter valued at about $1,672,000. Miller Value Partners LLC raised its stake in Quad Graphics by 4.4% in the fourth quarter. Miller Value Partners LLC now owns 2,737,890 shares of the business services provider’s stock valued at $17,167,000 after buying an additional 114,415 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in Quad Graphics by 192.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 152,297 shares of the business services provider’s stock valued at $955,000 after buying an additional 100,197 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in Quad Graphics by 50.4% in the first quarter. Ritholtz Wealth Management now owns 267,064 shares of the business services provider’s stock worth $1,765,000 after acquiring an additional 89,505 shares in the last quarter. 39.52% of the stock is currently owned by institutional investors.

About Quad Graphics

Quad/Graphics, Inc, doing business as Quad, is a marketing experience company that provides print and integrated marketing services to businesses and organizations. Its offerings include commercial printing, direct mail, packaging, in-store displays, publications, and other printed communications, supported by production, distribution, and logistics capabilities.

Quad also provides marketing services designed to help clients plan, create, produce, and distribute campaigns across multiple channels.