Quad/Graphics (NYSE:QUAD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Quad Graphics, Inc. is a provider of print and related multichannel solutions for consumer magazines, special interest publications, catalogs, retail inserts and circulars, direct mail products, books and directories. Its print-related services comprise digital photography, digital imaging, binding, mailing and distribution, and data optimization and analytics services. The Company also engages in the design, development, manufacture, and service of printing-related auxiliary equipment for original equipment manufacturers and printing companies worldwide. Quad Graphics, Inc. is headquartered in Sussex, Wisconsin. “

Several other equities analysts have also recently weighed in on QUAD. Buckingham Research dropped their price target on shares of Quad/Graphics from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. ValuEngine raised shares of Quad/Graphics from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st.

Shares of NYSE:QUAD traded up $0.09 during trading on Wednesday, hitting $11.09. 121,988 shares of the company were exchanged, compared to its average volume of 320,978. The company has a market capitalization of $567.59 million, a P/E ratio of 6.20 and a beta of 1.72. Quad/Graphics has a 1-year low of $7.22 and a 1-year high of $22.36. The business’s 50 day moving average is $9.61 and its 200-day moving average is $10.35. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 2.95.

Quad/Graphics (NYSE:QUAD) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.08. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1 billion. Quad/Graphics had a negative net margin of 0.82% and a positive return on equity of 8.55%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, sell-side analysts anticipate that Quad/Graphics will post 0.64 earnings per share for the current year.

In other Quad/Graphics news, Director John C. Fowler sold 10,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $11.19, for a total value of $111,900.00. Following the completion of the sale, the director now owns 117,587 shares in the company, valued at approximately $1,315,798.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kathryn Quadracci Flores sold 4,974 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $10.67, for a total transaction of $53,072.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,074 shares of company stock worth $189,186. 10.85% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Quad/Graphics by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,089,807 shares of the business services provider’s stock worth $32,351,000 after purchasing an additional 98,243 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Quad/Graphics by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,953,638 shares of the business services provider’s stock valued at $24,069,000 after buying an additional 186,614 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Quad/Graphics by 157.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,613,631 shares of the business services provider’s stock valued at $12,925,000 after buying an additional 987,386 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Quad/Graphics by 10.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,273,661 shares of the business services provider’s stock valued at $10,075,000 after buying an additional 117,006 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Quad/Graphics by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 852,351 shares of the business services provider’s stock valued at $6,741,000 after buying an additional 24,556 shares in the last quarter. Hedge funds and other institutional investors own 58.99% of the company’s stock.

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, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.

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