Empowered Funds LLC Grows Stock Position in Quad/Graphics, Inc. (NYSE:QUAD)

Empowered Funds LLC raised its holdings in shares of Quad/Graphics, Inc. (NYSE:QUAD) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 279,486 shares of the business services provider’s stock after purchasing an additional 14,204 shares during the period. Empowered Funds LLC’s holdings in Quad/Graphics were worth $1,269,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in Quad/Graphics in the 3rd quarter valued at about $54,000. GAMMA Investing LLC purchased a new position in shares of Quad/Graphics during the 2nd quarter worth about $68,000. Quadrature Capital Ltd purchased a new position in shares of Quad/Graphics during the 1st quarter worth about $104,000. Heron Bay Capital Management purchased a new position in shares of Quad/Graphics during the 2nd quarter worth about $124,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Quad/Graphics by 20.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 23,486 shares of the business services provider’s stock worth $128,000 after acquiring an additional 4,023 shares during the period. 39.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on QUAD. Rosenblatt Securities reiterated a “buy” rating and set a $7.60 price objective on shares of Quad/Graphics in a report on Friday, October 25th. Barrington Research raised their price target on shares of Quad/Graphics from $8.50 to $10.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 26th.

Quad/Graphics Trading Up 3.1 %

NYSE QUAD opened at $7.00 on Friday. Quad/Graphics, Inc. has a one year low of $4.06 and a one year high of $7.94. The company’s 50 day moving average price is $5.73 and its 200 day moving average price is $5.26. The company has a debt-to-equity ratio of 8.35, a quick ratio of 0.56 and a current ratio of 0.85. The firm has a market capitalization of $364.83 million, a price-to-earnings ratio of -4.12 and a beta of 1.57.

Quad/Graphics (NYSE:QUAD) last posted its quarterly earnings data on Monday, October 28th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $674.80 million for the quarter, compared to analyst estimates of $654.90 million. Quad/Graphics had a negative net margin of 2.82% and a positive return on equity of 42.63%. During the same quarter last year, the firm posted $0.11 earnings per share. On average, sell-side analysts predict that Quad/Graphics, Inc. will post 0.84 EPS for the current year.

Quad/Graphics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.86%. Quad/Graphics’s dividend payout ratio is currently -12.12%.

About Quad/Graphics

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.