Quad Graphics (NYSE:QUAD) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Quad Graphics, Inc (NYSE:QUAD)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.88 and traded as high as $10.42. Quad Graphics shares last traded at $10.36, with a volume of 387,066 shares changing hands.

Analyst Upgrades and Downgrades

QUAD has been the topic of a number of recent research reports. Benchmark increased their price objective on shares of Quad Graphics from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Rosenblatt Securities boosted their price objective on shares of Quad Graphics from $9.80 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Zacks Research upgraded Quad Graphics from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Quad Graphics in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Quad Graphics currently has a consensus rating of “Buy” and a consensus target price of $12.00.

Quad Graphics Trading Up 1.5%

The firm has a market capitalization of $533.14 million, a PE ratio of 16.44 and a beta of 1.11. The company’s 50-day simple moving average is $8.88 and its 200 day simple moving average is $7.69. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 2.81.

Quad Graphics (NYSE:QUAD) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $577.50 million for the quarter, compared to analysts’ expectations of $545.15 million. Quad Graphics had a net margin of 1.31% and a return on equity of 47.90%. As a group, sell-side analysts expect that Quad Graphics, Inc will post 1.27 EPS for the current year.

Quad Graphics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 17th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, August 17th. Quad Graphics’s dividend payout ratio (DPR) is 63.49%.

Hedge Funds Weigh In On Quad Graphics

Large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its holdings in shares of Quad Graphics by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 95,072 shares of the business services provider’s stock worth $628,000 after buying an additional 1,553 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Quad Graphics by 0.3% during the second quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider’s stock valued at $3,977,000 after buying an additional 1,837 shares during the last quarter. American Century Companies Inc. increased its position in shares of Quad Graphics by 3.8% in the 2nd quarter. American Century Companies Inc. now owns 70,767 shares of the business services provider’s stock valued at $400,000 after acquiring an additional 2,558 shares during the period. Mackenzie Financial Corp raised its stake in Quad Graphics by 17.0% in the 3rd quarter. Mackenzie Financial Corp now owns 19,893 shares of the business services provider’s stock worth $125,000 after acquiring an additional 2,885 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Quad Graphics by 113.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,688 shares of the business services provider’s stock worth $36,000 after acquiring an additional 3,019 shares during the last quarter. 39.52% of the stock is owned by institutional investors and hedge funds.

About Quad Graphics

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.