223,657 Quad Graphics, Inc $QUAD Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its holdings in shares of Quad Graphics, Inc (NYSE:QUAD) by 76.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,023 shares of the business services provider’s stock after selling 223,657 shares during the period. Inspire Investing LLC’s holdings in Quad Graphics were worth $637,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of QUAD. Bank of New York Mellon Corp purchased a new stake in Quad Graphics in the 2nd quarter valued at approximately $3,506,000. Allspring Global Investments Holdings LLC raised its stake in shares of Quad Graphics by 60.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 103,621 shares of the business services provider’s stock valued at $685,000 after purchasing an additional 38,917 shares during the period. HB Wealth Management LLC acquired a new position in shares of Quad Graphics in the first quarter worth about $126,000. Lazard Asset Management LLC purchased a new position in shares of Quad Graphics during the 1st quarter valued at approximately $119,000. Finally, Dimensional Fund Advisors LP increased its position 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 worth $7,506,000 after purchasing an additional 16,815 shares during the last quarter. 39.52% of the stock is owned by hedge funds and other institutional investors.

Quad Graphics Price Performance

Shares of NYSE:QUAD opened at $7.79 on Friday. The firm’s 50 day moving average is $9.65 and its two-hundred day moving average is $8.05. Quad Graphics, Inc has a 52 week low of $5.12 and a 52 week high of $11.15. The firm has a market capitalization of $400.83 million, a P/E ratio of 14.70 and a beta of 1.12. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 2.81.

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

Quad Graphics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Tuesday, November 17th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.1%. Quad Graphics’s dividend payout ratio is presently 75.47%.

Wall Street Analysts Forecast Growth

QUAD has been the subject of several recent research reports. Rosenblatt Securities boosted their target price 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. Zacks Research downgraded shares of Quad Graphics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Weiss Ratings raised shares of Quad Graphics from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Benchmark upped their target price on Quad Graphics from $10.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

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.