Bank of Montreal Can Takes Position in Quad/Graphics, Inc. (NYSE:QUAD)

Bank of Montreal Can bought a new stake in shares of Quad/Graphics, Inc. (NYSE:QUAD) during the second quarter, Holdings Channel.com reports. The fund bought 73,292 shares of the business services provider’s stock, valued at approximately $408,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Quad/Graphics during the second quarter valued at approximately $68,000. Quadrature Capital Ltd acquired a new position in Quad/Graphics in the 1st quarter valued at about $104,000. Heron Bay Capital Management acquired a new stake in Quad/Graphics during the second quarter worth $124,000. EMC Capital Management raised its holdings in Quad/Graphics by 11.7% in the 1st quarter. EMC Capital Management now owns 25,020 shares of the business services provider’s stock valued at $133,000 after buying an additional 2,623 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Quad/Graphics by 8,613.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 28,231 shares of the business services provider’s stock worth $154,000 after purchasing an additional 27,907 shares during the period. 39.52% of the stock is owned by institutional investors and hedge funds.

Quad/Graphics Stock Up 1.7 %

Quad/Graphics stock opened at $5.40 on Friday. The stock’s 50 day moving average price is $4.59 and its 200 day moving average price is $4.95. The company has a market cap of $280.47 million, a PE ratio of -4.32 and a beta of 1.60. The company has a debt-to-equity ratio of 5.83, a current ratio of 0.85 and a quick ratio of 0.56. Quad/Graphics, Inc. has a 1-year low of $3.96 and a 1-year high of $6.75.

Quad/Graphics (NYSE:QUAD) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. Quad/Graphics had a positive return on equity of 26.62% and a negative net margin of 2.00%. The firm had revenue of $634.20 million during the quarter, compared to the consensus estimate of $645.70 million. During the same period last year, the business posted $0.02 EPS. On average, sell-side analysts predict that Quad/Graphics, Inc. will post 0.76 EPS for the current fiscal year.

Quad/Graphics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 19th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.20 annualized dividend and a dividend yield of 3.70%. Quad/Graphics’s dividend payout ratio is currently -16.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QUAD. StockNews.com upgraded shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a report on Thursday. Barrington Research reiterated an “outperform” rating and set a $8.50 target price on shares of Quad/Graphics in a research report on Friday, September 20th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $7.60 target price on shares of Quad/Graphics in a report on Tuesday, September 24th.

Quad/Graphics 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.